IPO Alert: Get All The Details On ECO Mobility's Price Band, GMP, And More Before Investing | Paisa Live

 ECO Mobility specializes in chauffeur-driven car rentals, serving major Fortune 500 clients in India. The IPO, offering approximately 1.8 crore shares, will be open for subscription from August 28 to August 30, 2024. The price band is set between ₹318 and ₹334 per share, with a minimum investment of around ₹14,000 for one lot of 44 shares. The Grey Market Premium (GMP) is currently ₹161 per share. The Book Running Lead Managers are Equirius Capital Limited and IIFL Securities Limited, with Link Intime India Private Limited as the registrar. The company has allocated 30% of shares to anchor investors, 35% to retail investors, 20% to QIBs, and 15% to NII. ECO Mobility has shown positive revenue growth, increasing from ₹151 crore in March 2022 to ₹568 crore by March 2024. The IPO is expected to list on September 4, 2024, with a face value of ₹2 per share and a market cap around ₹200 crore.