Ecos Mobility IPO Closes Today: Should You Apply? Check Subscription Status, GMP Today, Review

ECOS Mobility IPO GMP: The grey market premium (GMP) for the initial public offering (IPO) of ECOS (India) Mobility & Hospitality continues to exhibit strength on the final day of subscription, which is today. The unlisted shares of ECOS Mobility were trading at a premium of around Rs 140, approximately 42 per cent above the upper end of the price band of Rs 334, according to several sources tracking grey market activity. The GMP of the ECOS Mobility IPO has, however, declined from the Rs 194 that it commanded on August 27, 2024, and Rs 160 on August 28, 2024.

A strong GMP typically signals positive demand and investor confidence, often indicating favourable market sentiment ahead of the stock’s official listing. Should the current GMP trend persist, ECOS Mobility shares could deliver substantial listing gains, potentially yielding returns of around 42 per cent post-listing.

The three-day subscription window to bid for the ECOS Mobility IPO, which is offered at a price band of Rs 318-334 and a lot size of 44 shares, ends today.