Ecos Mobility and Hospitality IPO Allotment Nears: Check Your Status, GMP, and Listing Date Now
The share allotment for Ecos Mobility and Hospitality’s IPO is expected to be finalised tomorrow. The shares will be allocated through a lottery system, overseen by the registrar. On the allotment date, investors will find out how many shares they have received compared to their bids.
How to Check Allotment Status
On BSE Website:
- Visit the BSE website: BSE Allotment Status
- Select “Ecos Mobility and Hospitality IPO” from the dropdown menu.
- Enter your application number or PAN number to check the status.
On the Registrar’s Website (Link Intime India):
- Visit the BSE website: BSE Allotment Status
- Select “Ecos Mobility and Hospitality IPO.”
- Enter your PAN details and click “Search” to view the status.
Grey Market Premium (GMP) and Listing Date
Ecos Mobility and Hospitality shares are set to list on September 4. In the grey market, the shares are currently trading at a premium of ₹160, suggesting a 48% increase over the issue price.
IPO Subscription
The IPO of Ecos Mobility and Hospitality was highly popular, receiving a subscription rate of 64 times by the closing date. Non-institutional investors showed significant interest. Since this IPO is entirely an offer for sale (OFS), the company won’t receive any funds from it; the proceeds will go to the selling shareholders.
About Ecos Mobility and Hospitality
Ecos Mobility has been providing chauffeured car rentals and employee transportation services to corporate clients, including Fortune 500 companies in India, for over 25 years. The company manages a fleet of over 9,000 vehicles, which range from economy cars to luxury coaches, including brands like Audi, BMW, and Mercedes-Benz. The fleet also includes specialised vehicles like luggage vans, limousines, vintage cars, and vehicles accessible for people with disabilities.
The company serves various industries, including IT, BPO, global capability centres, consulting, healthcare, e-commerce, pharmaceuticals, legal services, and manufacturing. Some of its notable clients are HCL Corp, HDFC Life, Thomas Cook India, and WM Global Tech.
For the fiscal year 2023-24, Ecos Mobility’s revenue from operations grew by 31% year-on-year to ₹554 crore, while its profit after tax (PAT) increased by 43% to ₹62.5 crore.
Equirus Capital and IIFL Securities are the book-running lead managers for this issue.
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