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₹ 14696
₹318- ₹334
44
₹390
17
30 Aug 2024
Download3 Sep 2024
4 Sep 2024
Application Details
The ECOS (India) Mobility & Hospitality IPO is set to open for subscription on August 28, 2024, and will close on August 30, 2024. The company is offering shares with a face value of ₹2 each at a price band ranging from ₹318 to ₹334 per share. Investors will be able to apply for the IPO in lots, with each lot consisting of 44 shares. The total issue size for this IPO is 18,000,000 shares, amounting to ₹601.20 crore. All 18,000,000 shares are being offered through an Offer For Sale (OFS), aggregating up to ₹601.20 crore.
The key dates for the ECOS (India) Mobility & Hospitality IPO include the basis of allotment, which will be finalized on September 2, 2024. Refunds will be initiated on September 3, 2024, the same day the credit of shares to demat accounts is expected to occur. The shares will be listed on the stock exchange on September 4, 2024.
For retail investors, the minimum application size is one lot, which is equivalent to 44 shares and costs ₹14,696 at the upper end of the price band. The maximum number of shares a retail investor can apply for is 572, spread across 13 lots, with a total investment amount of ₹1,91,048.
About ECOS (India) Mobility & Hospitality Limited
Company Overview
Incorporated in February 1996 as “ET TRAV-AIDES Pvt. Ltd” and rebranded to “ECOS (India) Mobility & Hospitality Ltd” in 2024, the company is a leading provider of chauffeured car rentals (CCR) and employee transportation services (ETS) in India. With over 25 years of experience, ECOS serves a wide range of corporate clients, including several Fortune 500 companies.
Business Operations and Services
ECOS primarily offers chauffeur-driven car rentals and employee transportation services. The company operates a fleet of over 12,000 vehicles, including economy cars, luxury cars, mini vans, luxury coaches, luggage vans, limousines, vintage cars, and accessible transportation for people with disabilities. Additionally, ECOS provides self-driven car rental services in Delhi, Gurugram, Mumbai, and Bengaluru, as well as for international clients through a network of global vendors.
Clientele
ECOS’s diverse clientele includes prominent organizations across various sectors such as IT, consulting, BPO, e-commerce, healthcare, and pharmaceuticals. Notable clients include InterGlobe Aviation Limited (Indigo), HCL Corporation Private Limited, Deloitte Consulting India Private Limited, IndusInd Bank Limited, HDFC Life Insurance Company Limited, Walmart Global Tech, and many others.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.