Ecos Mobility and Hospitality shares list at 17% premium over IPO price

September 4, 2024

The IPO has garnered strong investor interest, with a subscription rate of 64.18X. “The IPO’s valuation appears high based on the P/E ratio. Given the mixed financial performance, investors might consider a wait-and-see approach,” advised Shivani Nyati, Head of Wealth at Swastika Investmart. Ecos Mobility has provided chauffeured car rentals & employee transportation services to corporate clients, including Fortune 500 companies, for over 25 years.

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