ECOS (India) Mobility & Hospitality IPO: Subscribe only for listing gains, says Anil Singhvi

ECOS (India) Mobility & Hospitality IPO Subscription Opens: The IPO is a book-built issue of Rs 601 crores. The issue is entirely an offer for the sale of 1.8 crore shares.

ECOS (India) Mobility & Hospitality IPO Subscription Opens: The initial public offering (IPO) is open for public subscription and will conclude on Friday.

ECOS (India) Mobility & Hospitality IPO Subscription Opens: The price band has been set at Rs 318-334 a share.

ECOS (India) Mobility & Hospitality IPO Subscription Opens: Investors can bid for a minimum of 44 equity shares and in multiples of 44 equity shares thereafter.

ECOS (India) Mobility & Hospitality IPO Subscription Opens: The company has been providing chauffeured car rentals (CCR) and employee transportation services (ETS) to corporate customers for more than 25 years. It operates a fleet of more than 9,000 vehicles from economy to luxury cars. It also provides speciality vehicles like luggage vans, limousines, vintage cars and vehicles for accessible transportation for people with disabilities.

ECOS (India) Mobility & Hospitality IPO Subscription Opens: Equirus Capital and IIFL Securities are the book-running lead managers to the issue. The shares of the company will be listed on the BSE and NSE.

ECOS (India) Mobility & Hospitality IPO Subscription Opens: The company has raised Rs 180.36 crore from anchor investors a day before its initial share sale opening for public subscription.

Equirus Capital and IIFL Securities are the book-running lead managers to the issue. The shares of the company will be listed on the BSE and NSE.

ECOS (India) Mobility & Hospitality IPO Subscription Opens: Zee Business Managing Editor Anil Singhvi said that investors must subscribe to this IPO for listing gains.

"Apply for just listing gains for now. Whether you should hold it or not is something that we will decide after the listing," he said.

ECOS (India) Mobility & Hospitality IPO Subscription Opens: Here are some positives listed by Anil Singhvi

- Experienced promoters

- Strong financial growth in the last year

- Positive cash flows

- Asset light business model

- Focus on premium biz will improve margins

- Good growth prospects

ECOS (India) Mobility & Hospitality IPO Subscription Opens: Some of the negatives of this IPO

- Entire IPO is OFS

- No money going to

- Big competition from the unorganised sector

- Only last year company had shown strong financial growth just before the IPO

- Valuations at current financial are expensive