Mumbai, September 2: The Initial Public Offering (IPO) of ECOS (India) Mobility & Hospitality Private Limited is expected to be finalised on September 2, according to the 'T+3' listing rule of the Securities and Exchange Board of India (SEBI). The IPO is expected to be listed on September 4. All investors had who applied for the ECOS Mobility IPO, which opened for public subscription on August 28 and closed on August 30, 2024, can check their allotment status online.

ECOS (India) Mobility & Hospitality Private Limited offers multiple services, including chauffeured car rentals and employee transportation solutions to corporate clients, providing B2C services for their employees, clients, guests or visitors. As per a Mint report, the three-day bidding process for the ECOS IPO indicated that the ECOS Mobility mainboard issue was oversubscribed by an average of 64.26 times. Sensex Hits Milestone, Closes Above 82,500 Points for First Time Amid Positive Market Sentiment.

IPO Value and Participation Status

The entire ECOS Mobility was up for public issue at INR 601.2 crore, as reported by Business Standard. The IPO was offered at a price range of INR 318-334 for each share in lot sizes of 44 shares each. While the highest demand came from Qualified Institutional Buyers (QIBs) with subscription of 136.85 times, it was followed by Non-Institutional Investors (NIIs) who subscribed around 64.37-71.23 times. The participation from retail investors remained at 19.79 times. NSE Increases Maximum Permissible Limit Against Single Claim From INR 25 Lakh to INR 35 Lakh for Investor Protection.

How to Check ECOS Mobility IPO Allotment Status

The allotment status of the ECOS Mobility IPO can be checked in two ways - either on the Bombay Stock Exchange (BSE) official website at (https://www.bseindia.com/) or via the Link Intime India Private Limited website's at (https://www.linkintime.co.in/).

To check ECOS IPO on the BSE website, follow these steps:

1. Go to the BSE website via a smartphone or computer (https://www.bseindia.com/investors/appli_check.aspx).

2. Enter the application or PAN to verify the allotment status.

3. Select 'ECOS Mobility and Hospitality IPO' from the options available.

4. Enter PAN

5. Click 'Search' to check the status.

To check ECOS IPO on the Link Intime's website, follow these steps:

1. Go to Link Intime's website (https://www.linkintime.co.in/).

2. Under 'Public Issues', search for 'ECOS Mobility and Hospitality IPO' in the company names section.

3. Enter any of the following details - PAN details, Application Number, DP/Client ID or Account No/IFSC.

4. Click 'Submit' and then check the status.

Status of ECOS Mobility and Hospitality IPO

After the end of the subscription period of the ECOS Mobility and Hospitality IPO on August 30, 2024, the grey market was rendered positive. According to stock market analysts, its unlisted shares were traded at a premium of about INR 160 today, which is around 48 percent higher than the IPO offered. The shares are expected to debut on BSE and National Stock Exchange (NSE) on September 4, 2024.

(The above story first appeared on LatestLY on Sep 02, 2024 07:01 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).