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New Delhi: Shares of ECOS Mobility were listed today on both the main indices of the stock market, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The shares have been listed with a premium. This means that the investors who were allotted shares got a lot of profit.
Last week, ECOS Mobility's IPO was open for investors. The company's IPO has received a very good response from investors.
At what price was the share listed
Today, the company's shares were listed on NSE at a price of Rs 390 per share. Whereas, the company's shares were listed on BSE at Rs 391.30 per share. The investors who have been allotted shares have made a profit of about 17 percent today.
About ECOS Mobility IPO
The size of ECOS Mobility's IPO was Rs 601.20 crore, in which the company issued 1.8 crore shares. The company's IPO is open for investors from 28 August to 30 August. At the same time, the final share allotment was done on 3 September 2024. The price band of this IPO was Rs 334 per share.
Where will the money raised from the IPO be used?
This entire IPO was an Offer for Sale. The funds raised through this IPO will go directly to the shareholders. This means that this amount will go to the shareholders who are selling their shares.
About ECOS Mobility
The company provides car rental and employee transportation services. The customer list of this company includes Fortune 500 companies etc. The company also provides the facility of specialty luggage vans, limousines, vintage cars. In the last financial year, the company's year-on-year income increased by 31 percent to Rs 554 crore.
The company's clients include companies from IT, Business Process Outsourcing, Global Capability Centre, Consultancy, Healthcare, E-Commerce, Pharma, Legal and Manufacturing sectors.
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