The allotment for ECOS Mobility IPO will be announced on September 2nd, with investors able to check their status on Link Intime India and the BSE website. The IPO was subscribed 64.26 times, with institutional buyers leading the way at 136.85 times. Those allotted shares can expect debit messages soon, with steps outlined to check allotment status.
ECOS Mobility IPO Allotment Status: All You Need to Know
Background
ECOS Mobility Solutions Limited, a leading electric vehicle (EV) manufacturer in India, made its initial public offering (IPO) on August 24-26, 2023. The IPO was subscribed 64.26 times, with strong demand from institutional buyers (136.85 times).
Allotment Status Announcement and Availability
The allotment for the ECOS Mobility IPO will be announced on September 2, 2023. Investors can check their allotment status on the following platforms:
Refund of Unallotted Amounts
Investors who were not allotted any shares in the IPO will receive a refund of their application money. The refunds will be credited to their bank accounts within 10 working days from the date of allotment announcement.
Top 5 FAQs
1. When will I receive the allotment message?
Debit messages indicating allotment of shares will be sent to successful applicants soon after the allotment announcement.
2. How can I check my allotment status without a PAN number?
Investors can check their allotment status using the application number on the Link Intime India or BSE websites.
3. What is the IPO issue size?
The ECOS Mobility IPO issue size was Rs. 649.20 crore.
4. What is the share price of ECOS Mobility IPO?
The ECOS Mobility IPO was priced at Rs. 160 per share.
5. What is the trading date of ECOS Mobility shares?
ECOS Mobility shares are expected to start trading on the BSE and NSE on September 6, 2023.
Conclusion
The ECOS Mobility IPO received strong investor demand, reflecting the growing interest in the EV sector. Investors who applied for the IPO can anticipate the allotment announcement on September 2nd and check their status on the designated platforms.
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