Ahmedabad: ECOS (India) Mobility & Hospitality Limited, shall open its Bid/Offer in relation to its initial public offering of Equity Shares on Wednesday, August 28, 2024. The total offer size of Equity Shares (face value ₹ 2 each) comprises of Offer for Sale of up to 18,000,000 Equity Shares, the company said on Saturday.

In an official statement, the company said, “The Anchor Investor Bidding date shall be on Tuesday, August 27, 2024 and the Bid Offer will be closed on Friday, August 30, 2024. The Price band of the offer is fix at ₹ 318 to ₹ 334 per Equity Share. Bids can be made for a minimum of 44 Equity Shares and in multiples of 44 Equity Shares thereafter.  The Offer for Sale of up to 18,000,000 Equity Shares comprises of up to 9,900,000 Equity Shares by Rajesh Loomba and up to 8,100,000 Equity Shares by Aditya Loomba.”

“This Equity Shares are being offered through the Red Herring Prospectus of the Company dated August 20, 2024 filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi. The Equity Shares to be offered through this Red Herring Prospectus is proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange” the official statement further said.

The company also stated, “Equirus Capital Private Limited and IIFL Securities Limited are the Book Running Lead Managers to the offer.”