ECOS (India) Mobility & Hospitality Ltd. Set for IPO Opening on August 28, 2024

 

Mumbai: "ECOS (India) Mobility & Hospitality Limited" ("ECOS" or "The Company") is set to launch its initial public offering (IPO) of equity shares, with the bid/offer opening on Wednesday, August 28, 2024, and closing on Friday, August 30, 2024. The Anchor Investor Bidding Date is scheduled for Tuesday, August 27, 2024.

Key Details of the IPO:

1. Price Band: The price band for the IPO has been set at ₹318 to ₹334 per equity share of ₹2 each. This represents a floor price of 159 times and a cap price of 167 times the face value of the equity shares.

2. Bid Lot: Investors can place bids for a minimum of 44 equity shares and in multiples of 44 shares thereafter.

3. Offer Size: The total offer size comprises the sale of up to 18,000,000 equity shares. The offer for sale includes up to 9,900,000 equity shares by Rajesh Loomba and up to 8,100,000 equity shares by Aditya Loomba, who are the promoter selling shareholders.

4. Listing: The equity shares are proposed to be listed on both the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE"). NSE is the designated stock exchange for this offer.

5. Book Running Lead Managers (BRLMs): Equirus Capital Private Limited and IIFL Securities Limited are the Book Running Lead Managers for this IPO.

The equity shares are being offered through the Red Herring Prospectus filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi on August 20, 2024.

Interested investors can access the Red Herring Prospectus (RHP) at the following link.