ECOS (India) Mobility & Hospitality made a solid debut on September 4, listing at Rs 391 per share, a 17% premium over the IPO price of Rs 334.
Despite this positive start, the listing gains fell short of grey market expectations, where shares had traded at a 37% premium. The IPO was a hit with investors, who subscribed 64.18 times the issue size. Qualified institutional buyers showed the strongest interest, subscribing 136.85 times their portion.