Corporate Mobility/Chauffeur - Listed on 04 September 2024
ECOS India Mobility (Corporate Mobility/Chauffeur) closed its IPO window in 2024 and listed on NSE and BSE on 04 September 2024 at an upper band issue price of Rs 334, opening at Rs 390 for a listing gain of +16.8% and closing day one at Rs 443.15 (+32.7% on closing basis). The IPO was subscribed 64.26x overall - QIB 136.85x, HNI/NII 71.23x, Retail 19.79x. The total issue size was Rs 601.2 Cr (Fresh Issue Rs 601.2 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Corporate Mobility/Chauffeur
ECOS India Mobility operates in the Corporate Mobility/Chauffeur space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The ECOS India Mobility issue was offered at an upper price of Rs 334 and raised approximately Rs 601.2 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 118 | +44.91% |
| Day 2 | Rs 140 | +44.91% |
| Day 3 | Rs 160 | +44.91% |
| Day 4 | Rs 160 | +47.90% |
| Day 5 | Rs 150 | +47.90% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the ECOS India Mobility IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
ECOS India Mobility IPO listed at +16.8% versus the upper issue price of Rs 334 on 04 September 2024.
ECOS India Mobility IPO was subscribed 64.26x overall. QIB portion was subscribed 136.85x, HNI / NII 71.23x and Retail 19.79x.
IPO GMP started at Rs 118 on Day 1 and moved to Rs 150 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.