August 30, 2024
New Delhi, India
ECOS Mobility IPO
The initial public offering (IPO) of ECOS (India) Mobility & Hospitality Limited, which launched on 28th August 2024, is set to close for bidding today, 30th August 2024. The public issue, valued at ₹601.20 crore, has a price band set between ₹318 to ₹334 per equity share. The IPO will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), and the total offering represents an Offer for Sale (OFS) by the company.
According to stock market observers, the grey market premium (GMP) for ECOS Mobility IPO is currently at ₹155, reflecting a slight decrease from Thursday’s premium of ₹161. Despite this minor dip, market sentiments remain positive, driven by strong demand from primary market investors.
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Key Dates and Subscription Status
- IPO Closing Date: 30th August 2024
- Price Band: ₹318 to ₹334 per equity share
- Total Issue Size: ₹601.20 crore
- Listing Exchanges: BSE and NSE
As of the end of the second day of bidding, the IPO has received a robust response from investors, with continued bullish sentiments in the secondary market.
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Grey Market Premium and Expected Listing Date
The ECOS Mobility IPO’s grey market premium of ₹155 suggests a favorable outlook from investors, despite a small drop from the previous day’s premium of ₹161. The slight dip is considered negligible, and optimism around the public issue remains high.
- GMP Today: ₹155 (₹6 lower than Thursday)
Allotment and Listing Dates
- IPO Allotment Date: Likely between 31st August 2024 and 2nd September 2024
- Expected Listing Date: 4th September 2024
The share allocation is expected to be finalized by Saturday, 31st August 2024, or Monday, 2nd September 2024. Following the ‘T+3’ listing rule, the ECOS Mobility IPO is expected to list on Wednesday, 4th September 2024.
Disclaimer:
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