Ecos India Mobility & Hospitality, a chauffeur-driven car rental service based in Delhi, raised ₹180.36 crore from anchor investors on August 27, just before its IPO opens on August 28.
The company secured this amount by allocating 5.4 million equity shares to anchor investors at ₹334 per share.
“Ecos India Mobility & Hospitality Limited has raised ₹180.36 crore from 19 anchor investors at the upper price band of ₹334 per equity share, including a share premium of ₹332 per equity share,” the company stated in its exchange filing.
Key investors in this round include Whiteoak Capital Fund, ICICI Prudential Mutual Fund, Aditya Birla Sunlife Mutual Fund, Nomura India, Nippon Life India Mutual Fund, Motilal Oswal Mutual Fund, Tata Mutual Fund, Franklin India Mutual Fund, Edelweiss Mutual Fund, and Bandhan Mutual Fund.
Out of the total 5.4 million shares allocated, 3.5 million shares, which make up about 65% of the total allocation to anchor investors, were allotted to 10 domestic mutual funds through 15 different schemes.
Eco Mobility IPO Details:
The ₹601 crore IPO will be open for subscription from August 28 to August 30, with shares priced between ₹318 and ₹334 each. The IPO is an offer-for-sale (OFS) of 1.8 crore equity shares by existing shareholders, meaning no new shares will be issued.
Each share in this IPO has a face value of ₹2, and the minimum lot size is 44 shares, with additional shares to be purchased in multiples of 44.
The OFS includes 18 million equity shares, with Rajesh Loomba and Aditya Loomba, members of the promoter group, selling up to 9.9 million and 8.1 million shares, respectively.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
