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News Details

23/08/2024 15:00

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Ecos (India) Mobilit announces launch of initial public offering

Ecos (India) Mobility & Hospitality Ltd. has announced public offering of 18000000 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 332.00 per share. The gross proceeds of the issue are expected to be Rs 60,120.00 lakhs.

The company's initial public offer (IPO) will open on 28 August 2024 and is expected to close on 30 August 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 318.00-334.00 per share.

The IPO includes a fresh Issue of 18000000 Equity Shares of the Company at an price of Rs 334.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 44 shares with bids in multiples of 44.

Ecos (India) Mobility & Hospitality Ltd. anticipates using the proceeds of the issue for .

Equirus Capital Private Limited,IIFL Securities Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.