The quota for retail individual investors (RIIs) was subscribed 19.66 times.
The initial share sale of chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality was subscribed 64.18 times on the last day of bidding on Friday. According to National Stock Exchange (NSE) data, the Rs 601 crore share sale received bids for 80,86,90,256 shares against the offer of 1,26,00,000 shares.
Which category got how many bids
According to the news, the portion reserved for qualified institutional buyers (QIBs) was subscribed 136.85 times, while the portion reserved for non-institutional investors was subscribed 71.17 times. The quota for retail individual investors (RIIs) was subscribed 19.66 times. Ecos (India) Mobility and Hospitality’s initial public offering (IPO) received full subscription on the first day of bidding on Wednesday.
Offer for Sale of 1,80,00,000 Equity Shares
The initial share sale was entirely an offer for sale (OFS) of 1,80,00,000 equity shares. The IPO price range is Rs 318-334 per share. Ecos (India) Mobility and Hospitality Ltd on Tuesday said it has raised Rs 180. 36 crore from anchor investors. The Delhi-based company has been providing car rental (CCR) and employee transportation services (ETS) to corporate clients for over 25 years.
Know the company
Ecos (India) Mobility & Hospitality operates a fleet of over 9,000 vehicles ranging from economy to luxury cars. It also offers specialty vehicles such as luggage vans, limousines, vintage cars and vehicles for accessible transportation for people with disabilities. Equirus Capital and IIFL Securities are the book-running lead managers to the offer. The company’s shares will be listed on BSE and NSE.
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