Ecos (India) Mobility & Hospitality IPO
Ecos (India) Mobility & Hospitality Limited (ECOSMOBLTY) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 04 September 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +27.1% (likely range +26% to +62%), day's high +53.5%, chance of a gain 95%. Actual: +16.8% at the open, +36.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 36,00,000 | 49,26,74,468 | 137x | |
| NII (HNI) total | 27,00,000 | 19,23,14,320 | 71.2x | |
| Big NII (above ₹10 lakh) | 18,00,000 | 13,43,82,380 | 74.7x | |
| Small NII (₹2-10 lakh) | 9,00,000 | 5,79,31,940 | 64.4x | |
| Retail | 63,00,000 | 12,46,95,604 | 19.8x | |
| Total | 1,26,00,000 | 80,96,84,392 | 64.3x |
Bids on NSE and BSE together, as published by NSE, as of 30 Aug 2024, 07:00 PM. Shares offered exclude the anchor portion. 13% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Ecos (India) Mobility & Hospitality's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Innova CaptabDec 2023 | 117x | 64.9x | 17.1x | 55.3x | ₹577 Cr | +0.9% | +21.1% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| Gandhar Oil Refinery (India)Nov 2023 | 129x | 62.2x | 28.9x | 64.1x | ₹509 Cr | +76.3% | +103.6% |
| Credo Brands MarketingDec 2023 | 105x | 55.5x | 19.9x | 51.9x | ₹550 Cr | +0.8% | +16.0% |
| Senco GoldJul 2023 | 181x | 65.0x | 15.5x | 73.4x | ₹427 Cr | +35.6% | +40.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Equirus Capital | 34 | +21.3% | 74% |
| IIFL Securities | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Ecos (India) Mobility & Hospitality IPO price band and lot size? ₹318–334 per share, with a lot of 44 shares, so the smallest retail bid is ₹14,696.
How many times has it been subscribed? 64.3x overall: QIB 137x, NII 71.2x, retail 19.8x.
How did it list? It opened at ₹390, +16.8% against the issue price of ₹334, and closed its first day +32.7%.
