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ECOS India Mobility IPO

Corporate Mobility/Chauffeur - Listed on 04 September 2024

+16.8% listing gain
Issue Price (Upper)
Rs 334
Listing Price
Rs 390
Closing Price (NSE)
Rs 443.15
Total Subscription
64.26x

ECOS India Mobility IPO listing summary

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.

Listing day performance

Listing Gain (Open)
+16.77%
Listing Gain (Close)
+32.68%
Day Change After Listing
+15.91%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB136.85x
HNI / NII71.23x
Retail19.79x
Overall64.26x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 13.36x
Day 29.56x
Day 3 (Final)64.26x

ECOS India Mobility IPO GMP history

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.

DayGMP (Rs)GMP %
Day 1Rs 118+44.91%
Day 2Rs 140+44.91%
Day 3Rs 160+44.91%
Day 4Rs 160+47.90%
Day 5Rs 150+47.90%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
44.9%-47.9%
IPOGyani AI Prediction
-
Actual Listing Gain
+16.8%

Issue & financials

Issue SizeRs 601.2 Cr
Fresh IssueRs 601.2 Cr
OFSRs 0 Cr
IPO PE32.05
Peer / Sector PE22.27
PE vs Sector Ratio1.44
Latest EBITDA (Cr)16.23
Debt / Equity0.12

Market context at listing

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.

Nifty 3D Return+0.83%
Nifty 1W Return+1.29%
Nifty 1M Return+2.51%
Nifty during IPO window+0.54%

ECOS India Mobility IPO - FAQs

What was the listing gain of ECOS India Mobility IPO?

ECOS India Mobility IPO listed at +16.8% versus the upper issue price of Rs 334 on 04 September 2024.

How many times was ECOS India Mobility IPO subscribed?

ECOS India Mobility IPO was subscribed 64.26x overall. QIB portion was subscribed 136.85x, HNI / NII 71.23x and Retail 19.79x.

What was the IPO GMP for ECOS India Mobility?

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.

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