What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the ECOS (INDIA) MOBILITY AND HOSPITALITY IPO allotment date?

The basis of allotment for ECOS (INDIA) MOBILITY AND HOSPITALITY IPO is scheduled to be finalized on 2 Sep 2024.

Where can I check ECOS (INDIA) MOBILITY AND HOSPITALITY IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 3 Sep 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

ECOS (INDIA) MOBILITY AND HOSPITALITY

ListedMainboard

Services · NSE / BSE

Incorporated in February 1996, ECOS (India) Mobility & Hospitality Limited is a leading provider of chauffeur-driven car rental services in India, specializing in Corporate Chauffeured Rentals (CCR) and Employee Transportation Services (ETS). As of March 31, 2024, it operates across 109 cities in 21 states and four union territories with a fleet of over 12,000 vehicles, including economy, luxury, and specialty cars. In Fiscal 2024, the company served over 1,100 organizations, completing more than 3.1 million trips, and also offers self-driven cars in major cities. Supported by 671 employees, ECOS ensures real-time quality checks and reliable service delivery nationwide.

Price Band

₹318 – ₹334

Issue Size

₹601 Cr

Lot Size

44 shares

GMP

₹390

+116.8%

Est. Listing

₹724

at current GMP

Subscribed

64.26x

overall

Open

28 Aug 2024

30 Aug 2024

Allotment

2 Sep 2024

Refund

3 Sep 2024

Demat Credit

4 Sep 2024

Listing

4 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

ECOS (INDIA) MOBILITY AND HOSPITALITY Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

2 Sep 2024

Basis finalization

Refunds Initiate

3 Sep 2024

Mandate release

Demat Credit

4 Sep 2024

Shares in demat

Listing Debut

4 Sep 2024

Trading begins

About ECOS (INDIA) MOBILITY AND HOSPITALITY Public Issue & Market Profile

ECOS (INDIA) MOBILITY AND HOSPITALITY is bringing an initial public offering (IPO) in the Services sector with an aggregate issue size of ₹601.2 Crores. The shares are offered at a price band of ₹318 to ₹334 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-08-30, the basis of allotment is scheduled to be finalized on 2024-09-02. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.

ECOS (INDIA) MOBILITY AND HOSPITALITY

ECOS (INDIA) MOBILITY AND HOSPITALITY Allotment Status

How to Check ECOS (INDIA) MOBILITY AND HOSPITALITY IPO Allotment Status

About ECOS (INDIA) MOBILITY AND HOSPITALITY Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?