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ECOS India Mobility & Hospitality Limited IPO Subscriptions Status Live Today

 

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ECOS India Mobility & Hospitality Limited IPO

August 28, 2024 - August 30, 2024 Closed

ECOS (India) Mobility & Hospitality Limited IPO Details

Issue Open

28 August 2024

Issue Close

30 August 2024

IPO Price

₹318 - ₹334 per equity share

Face Value

₹2 per equity share

IPO Size

₹601.20 Cr.

Listing At

NSE, BSE

IPO Lot Size

44 shares

IPO Investor Categories


• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers are the generally large, financially knowledgeable investors & traders, pension funds, mutual funds, insurance companies,  &  hedge funds. Investors are the capable of assessing investment opportunities due to their expertise &  resources. Participation in an IPO, QIBs must meet specific financial criteria and established by the Securities & Exchange Board of India (SEBI). They are also permitted to bid for shares at a price lower than what is offered to retail investors.


• Non-Institutional Investors (NII) - They are typically individual investors, High Net Worth Individuals "HNI" or corporate the bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to the participation in an IPO initial public offering at the same price as retail investors.


NII category has two subcategories:



1. sNII - "sNII" stands for the "Small Non-Institutional Investor." This subcategory includes investors and traders who have bid for the shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.


2. bNII - "bNII" stands for the "Big Non-Institutional Investor." This subcategory includes the investors who have to bid for the shares worth more than Rs. 10 lakhs in an IPO.


• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are the investors who apply for the shares valued at up to Rs. 2 lakhs in an IPO. This category is designed to the encourage retail investors to participate in the IPO process.


• Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.

• Others- A category of eligible shareholders or other investors who have a reserved quota in the IPO.

 

Frequently Asked Question

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