Good news for investors interested in IPOs! ECOS (India) Mobility and Hospitality is set to launch its IPO soon.
The company’s IPO will be open for investment from August 28 to August 30.
Here’s everything you need to know about this opportunity.
IPO Details and Important Dates
The IPO will be open to investors from August 28 to August 30.
The company has set the price range for the shares, which have a face value of Rs 2, between Rs 318 and Rs 334.
For anchor investors, the IPO will open a day earlier on August 27.
The minimum investment amount is Rs 14,696, which corresponds to a lot size of 44 shares.
Share Allocation and Listing
Shares will be allocated on September 2, with the listing scheduled for September 4, 2024.
The company plans to allocate up to 50% of the shares to qualified institutional buyers, at least 35% to retail investors, and at least 15% to non-institutional investors.
Before the IPO, the promoters hold a 97.75% stake in the company. The shares will be listed on both BSE and NSE.
Financial Performance of the Company
The company has shown significant growth, with a 31% increase in revenue.
In the financial year 2023, the revenue was Rs 422 crore, which increased to Rs 554 crore in the financial year 2024.
During this time, the company also reported a net profit of Rs 62.531 crore.
