Shares of driver-driven mobility provider ECOS India Mobility & Hospitality ended with a 32 percent premium against the issue price of Rs 334 on September 4.
The stock opened at Rs 391.30, up 17.15 percent from the issue price on BSE. During the day, it rose 36.52 percent to Rs 456. Shares of the company finally closed at Rs 441.05 with a gain of 32.05 percent.
On NSE, the company’s shares were listed at Rs 390 with a premium of 16.76 percent. The stock closed at Rs 441.05, showing a rise of 32.05 percent.
The market valuation of the company stood at Rs 2,646.30 crore.
In terms of trading volume, 22.82 lakh shares of the firm were traded on BSE and 327.63 lakh shares on NSE during the day.
The initial share sale of Echos (India) Mobility and Hospitality was subscribed 64.18 times on the closing day of bidding on Friday.
The share sale of Rs 601 crore was entirely an offer for sale (OFS) of 1,80,00,000 equity shares.
The price range of the IPO was Rs 318-334 per share.
The Delhi-based company has been providing chauffeured car rental (CCR) and employee transportation services (ETS) to corporate clients for over 25 years.
It operates a fleet of over 9,000 vehicles ranging from economy to luxury cars. It also offers special vehicles such as luggage vans, limousines, vintage cars and vehicles for accessible transportation for people with disabilities.
