Ecos India Mobility and Hospitality Limited IPO, Subscription Date, Profit And Loss, Company, GMP: Big news is coming for share market investors. Let us tell you that Ecos India Mobility and Hospitality Limited has filed its Red Herring Prospectus with SEBI. According to the prospectus, the initial public offering will be an offer for sale of up to 18,000,000 equity shares of face value Rs 2 each.
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Ecos India Mobility and Hospitality Limited IPO Details
According to media reports, the company will launch its anchor book for the IPO on Tuesday, August 27, 2024, with the issue opening for public subscription from Wednesday, August 28, 2024 to Friday, August 30, 2024. Equirus Capital Pvt Ltd and IIFL Securities Ltd are acting as book-running lead managers to the issue, while Link Intime has been appointed as the registrar.
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Ecos India Mobility and Hospitality Limited Business Insight
If we talk about the company background, this company is mainly engaged in the business of providing Chauffeured Car Rental (CCR) and Employee Transportation Services (ETS). As of March 31, 2024, the company has a pan-India presence through its vehicles and vendors in 109 cities, spread across twenty-one states and four union territories in India.
Ecos India Mobility and Hospitality Limited Revenue
According to the filing, the company reported revenue of Rs 554 crore in FY2014, up 31 per cent from Rs 422 crore in FY2013. Its net profit after tax for FY24 was Rs 62.531 crore, up 43 per cent from Rs 43.591 crore in FY23.
Ecos India Mobility and Hospitality Limited Business Category
Ecos India Mobility and Hospitality Limited Business Category Is Auto Rental Business.