Ecos Mobility and Hospitality shares are expected to be allotted soon. See status, GMP, listing date and other details

The allotment of shares for the IPO of Ecos Mobility and Hospitality is expected to be finalised tomorrow. Shares will be allotted through a draw of lots, and the process will be supervised by the registrar. On the allotment date, investors will be informed about the number of shares allotted to them as compared to their bids.
Investors can check the status of their allotment through the BSE website or the registrar’s website. Here’s how you can check the status on both the platforms: First, here’s how you can check the status on the BSE

Step 1: Visit the BSE website Step 1: Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)

Step 3: Enter the application number or PAN number to check the allotment status. To check the status of Ecos Mobility and Hospitality initial public offering awarded through the registrar which is Link Intime India in this case, follow the steps below. Step 1: Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)Step 2: Select Ecos Mobility and Hospitality IPO

Step 3: Enter the PAN details and click on search to know the status

Ecos Mobility and Hospitality GMP
The company’s shares are expected to be listed on the stock exchanges on September 4. In the unlisted market, the shares are trading at a grey market premium (GMP) of Rs 160, indicating a 48% premium over the issue price.

Subscription to the IPO of Ecos Mobility and Hospitality
Ecos Mobility and Hospitality’s IPO received an overwhelming response from investors, with a 64 times subscription rate at closing, driven by significant interest from non-institutional investors. As the IPO is entirely an offer for sale (OFS), the company will not receive any proceeds; all proceeds will go to the selling shareholders.

Ecos Mobility has been providing chauffeur-driven car rental and employee transportation services to corporate clients, including Fortune 500 companies in India, for over 25 years. The company operates a fleet of over 9,000 vehicles, ranging from economy cars to luxury coaches, including brands such as Audi, BMW and Mercedes-Benz. The fleet also includes specialty vehicles such as luggage vans, limousines, vintage cars and accessible transportation for people with disabilities.

Ecos Mobility serves a variety of industries including IT, BPO, Global Capacity Centres (GCC), Consulting, Healthcare, E-Commerce, Pharmaceuticals, Legal Services and Manufacturing. Notable clients include HCL Corp, HDFC Life, Thomas Cook India and WM Global Tech.

For FY24, the company’s operating income grew 31% year-on-year to Rs 554 crore, while profit after tax (PAT) grew 43% to Rs 62.5 crore.

Equirus Capital and IIFL Values They are the primary administrators of the ledger for the issue.

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