ECOS (India) Mobility and Hospitality Sets IPO Price Band at ₹318-334; Key Dates and Details Inside

ECOS (India) Mobility and Hospitality Limited has announced its IPO price band, set between ₹318 and ₹334 per share. Each share has a face value of ₹2.

Key Dates for the IPO

The subscription period for the IPO will begin on Wednesday, August 28, and will close on Friday, August 30. Anchor investors will have the opportunity to participate a day earlier, on Tuesday, August 27.

Pricing Breakdown

The floor price of the shares is 159 times their face value, while the cap price is 167 times the face value. At the top end of the price band, the company’s price-to-earnings (P/E) ratio based on its diluted earnings per share (EPS) for the financial year ending 2024 is 32.05 times. At the lower end, the P/E ratio is 30.52 times, compared to the industry average of 22.28 times.

Share Allocation

The IPO has allocated up to 50% of its shares for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and the remaining 35% for retail investors.