ECOS Mobility shareholders became rich, stock jumped 17 percent immediately after listing
The process of listing of stocks continues in the stock market. Today, ECOS Mobility shares were listed on both the stock exchanges of the market i.e. BSE and NSE. The company's IPO was open for investors last week. The company's IPO got a very good response from the investors. Today the company's shares are listed with a premium.
Shares of ECOS Mobility today listed on both main indices at the bourse, NSE and BSE. The share has been listed with premium, which means investors who were allotted shares proved to be very beneficial.
Investors were open to the last week IPO of ECOS Mobility. The company IPO has generated a very good response among the investors.
Today, the shares of the company listed at Rs 390 apiece on NSE. At the same time, the company share got listed at Rs 391.30 per share on BSE. The investors who have been allotted shares have gained about 17% today.
The new issue size of the ECOS Mobility IPO was Rs 601.20 crore, wherein the company has issued 1.8 crore shares. The IPO of the firm opened for investors from 28 August to 30 August. Simultaneously, the final share allotment was done on 3 September 2024. The price band of this IPO was Rs 334 per share.
The entire IPO was an Offer For Sale. The money received through this IPO would directly flow to the shareholders. Which means that this amount would flow to the shareholders selling their shares. It operates in car rentals and employee transportation services. The client list of this company includes Fortune 500 etc. The company also provides special luggage vans, limousines, vintage cars. In the last financial year, the company's year-on-year income grew 31% to Rs 554 crore.
Its clientele includes firms involved in IT, business process outsourcing, global capability centre consultancy, healthcare, e-commerce, pharma, legal, and manufacturing.
