Shares of ECOS Mobility and Hospitality Limited were listed in the market at a premium of 16.77%. Its share on NSE is Rs. 390 was listed. While on BSE it is Rs. was listed at 391.3. Its issue price was Rs 334. Its IPO was open from 28 to 30 August. The company through this issue raised Rs. 601.20 crore was raised by ECOS Mobility and Hospitality through the issue totaling Rs. 601.20 crore has been collected. For this, existing investors of the company have sold 18,000,000 shares worth ₹601.20 crore through the offer for sale. Not a single new share has been issued for this IPO. 35% of the issue was reserved for retail investors The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 35% shares are reserved for retail investors and the remaining 15% shares are reserved for non-institutional investors (NIIs). Company engaged in providing transportation services to employees ECOS Mobility and Hospitality Limited provides car rental and employee transportation services to corporate clients. With over 25 years of experience, the company operates in over 100 cities across the country. What is an IPO? When a company issues its shares to the general public for the first time, it is called an initial public offering or IPO. A company needs money to grow its business. In such a situation, the company raises money by selling some shares to the public or by issuing new shares instead of borrowing from the market. For this the company brings IPO.
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ECOS Mobility shares up 16.77% to list at ₹391: Its issue price was ₹334 The company deals in providing employee transport services
