The financial sector is abuzz with the upcoming Initial Public Offering (IPO) of ECOS (India) Mobility & Hospitality Limited. For investors eager to capitalise on this opportunity, the process is made more straightforward and efficient through features like the One Click IPO from HDFC Sky.
ECOS (India) Mobility & Hospitality Limited
ECOS (India) Mobility & Hospitality Limited is set to make a notable impact in the mobility and hospitality industries. With a vision to innovate and transform these sectors, ECOS (India) is leveraging advanced technology and strategic innovations to boost customer satisfaction and operational efficiency.
As the company prepares to enter the public market, understanding its financial health, growth potential, and IPO specifics is essential for prospective investors.
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ECOS (India) Mobility & Hospitality Limited IPO Details
Here’s a comprehensive overview of the IPO details:
Particulars |
Details
IPO Date
August 28, 2024 to August 30, 2024
Listing Date
4th September 2024
Face Value
₹2 per share
Price Band
₹318 to ₹334 per share
Lot Size
44 Shares
Total Issue Size
18,000,000 shares (aggregating up to ₹601.20 Cr)
Offer for Sale
18,000,000 shares (aggregating up to ₹601.20 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share Holding Pre Issue
60,000,000
Share Holding Post Issue
60,000,000
ECOS (India) Mobility & Hospitality Limited IPO Reservation
The IPO shares are reserved as follows:
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Investor Category |
Shares Offered
QIB Shares Offered
Not more than 50.00% of the Offer
Retail Shares Offered
Not less than 35.00% of the Offer
NII (HNI) Shares Offered
Not less than 15.00% of the Offer
ECOS (India) Mobility & Hospitality Limited IPO Timeline
The timeline for the IPO is as follows:
Event |
Date
IPO Open Date
Wednesday, August 28, 2024
IPO Close Date
Friday, August 30, 2024
Basis of Allotment
Monday, September 2, 2024
Initiation of Refunds
Tuesday, September 3, 2024
Credit of Shares to Demat
Tuesday, September 3, 2024
Listing Date
Wednesday, September 4, 2024
Cut-off time for UPI mandate confirmation
5 PM on August 30, 2024
ECOS (India) Mobility & Hospitality Limited IPO Lot Size
Investors can bid for a minimum of 44 shares and in multiples thereof. The table below details the minimum and maximum investment by retail investors and HNIs:
Application |
Lots
Shares
Amount
Retail (Min)
1
44
₹14,696
Retail (Max)
13
572
₹191,048
S-HNI (Min)
14
616
₹205,744
S-HNI (Max)
68
2,992
₹999,328
B-HNI (Min)
69
3,036
₹1,014,024
Promoter Holding
The company's promoters include Rajesh Loomba, Aditya Loomba, Nidhi Seth, Rajesh Loomba Family Trust, and Aditya Loomba Family Trust. Their shareholding is as follows:
Share Holding |
Percentage
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Pre Issue
97.75%
Post Issue
67.75%
Invest in IPOs with HDFC Sky's One Click IPO
In a complex IPO landscape, HDFC Sky’s One Click IPO offers a simplified and efficient approach. One Click IPO streamlines the application process, making it more accessible for individual investors.
The key features of One Click IPO
Intuitive Interface: HDFC Sky’s One Click IPO features an easy-to-use interface that guides investors through the IPO application seamlessly.
Effortless Application: Apply for shares with minimal effort through an integrated system that ensures a quick and smooth application process.
Real-Time Updates: Receive instant updates on your application status, including allotment and other key information.
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Secure Transactions: The One Click IPO feature prioritises security with robust measures to protect your transactions and personal data.
Instant Alerts: Get timely notifications about critical IPO events, such as application deadlines and listing updates.
How to Apply for ECOS (India) IPO Using One Click IPO
Applying for the ECOS (India) IPO using HDFC Sky’s One Click IPO is a straightforward process:
Log In: Access your HDFC Sky account. If you don’t have one, you’ll need to open a Demat account with HDFC Sky first.
Select the IPO: Navigate to the IPO section within the One Click IPO feature. Locate the ECOS (India) IPO and select it.
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Fill Out the Application: Enter the necessary details, including the number of shares you wish to apply for and your payment information.
Submit and Track: Once you’ve completed the application, submit it through the platform. You can then track the status of your application in real time.
Receive Notifications: Stay informed with updates on your application status and IPO results directly from HDFC Sky.
Conclusion
The ECOS (India) Mobility & Hospitality Limited IPO offers a promising chance for investors aiming to diversify their portfolios. As ECOS (India) transitions to the public arena, tools like One Click IPO play a crucial role in simplifying the often complex IPO process. Whether you’re an experienced investor or just starting, HDFC Sky’s intuitive and efficient platform helps make the investment journey straightforward and hassle-free.