
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
+116.8%
Est. Listing
₹724
at current GMP
Subscribed
64.26x
overall
Open
28 Aug 2024
Close
30 Aug 2024
Allotment
2 Sep 2024
Refund
3 Sep 2024
Demat Credit
4 Sep 2024
Listing
4 Sep 2024
Overall Subscription
64.26x
Total Demand
QIB Multiplier
136.85x
Institutions & Funds
NII / HNI
71.23x
High Net-Worth
Retail (RII)
19.79x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 3,600,000 | 492,674,468 | 136.85x |
| NIB | 2,700,000 | 192,314,320 | 71.23x |
| HNIs(10L +) | 1,800,000 | 134,382,380 | 74.66x |
| HNIs (2-10L) | 900,000 | 57,931,940 | 64.37x |
| RETAIL | 6,300,000 | 124,695,604 | 19.79x |
| Total | 15,300,000 | 1,001,998,712 | 64.26x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| HNIs(10L +) | 2,922 | 42,114 | 14.41x |
| HNIs (2-10L) | 1,461 | 89,979 | 61.59x |
| RETAIL | 143,102 | 2,380,686 | 16.64x |
| Total Applications | 147,485 | 2,512,779 | 17.04x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
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.
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.
The latest Grey Market Premium (GMP) for ECOS (INDIA) MOBILITY AND HOSPITALITY IPO is ₹390 per equity share. Based on the upper price band of ₹318 to ₹334 per equity share, the estimated listing price is ₹724 (+116.8% expected listing gain).
With a lot size of 44 shares and current GMP of ₹390, the expected profit per application lot is approx ₹17,160 (+116.8% gain). Minimum application cost is approx ₹14,696.
The ECOS (INDIA) MOBILITY AND HOSPITALITY IPO aggregate issue size is ₹601.2 Crores with an equity price band set at ₹318 to ₹334 per equity share. The retail lot size is 44 shares requiring a minimum capital outlay of approx. ₹14,696.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 64.26x (Retail: 19.79x, QIB: 136.85x, NII: 71.23x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-09-02. Investors can verify status using PAN card or application number.
ECOS (INDIA) MOBILITY AND HOSPITALITY shares are scheduled to list on NSE and BSE on 2024-09-04.