Ecos Mobility IPO gets subscribed 9.55 times on second day of offer

The initial public offer of chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality received 9.55 times subscription on the second day of bidding on Thursday.

The Rs 601 crore initial share sale received bids for 12,03,58,964 shares against 1,26,00,000 shares on offer, as per NSE data.

The portion for non-institutional investors garnered 23.47 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 8.99 times. The category for Qualified Institutional Buyers (QIBs) received 10 per cent subscription.

The Initial Public Offer (IPO) of Ecos (India) Mobility & Hospitality got fully subscribed on the first day of bidding on Wednesday.

The initial share sale is entirely an Offer For Sale (OFS) of up to 1,80,00,000 equity shares.

The IPO has a price range of Rs 318-334 a share.

Ecos (India) Mobility & Hospitality Ltd on Tuesday said it has raised Rs 180.36 crore from anchor investors.

Since the public issue is entirely an OFS, the ...