Ecos (India) Mobility & Hospitality Ltd., which provides chauffeur-driven transportation, announced that it had raised Rs.180.36 crore from anchor investors one day before its initial share sale opened for public subscription.

According to a circular that was posted on the BSE website, the anchor investors were WhiteOak Capital Mutual Fund (MF), ICICI Prudential MF, Aditya Birla Sun Life MF, Nippon India MF, Troo Capital, Acacia Banyan Partners, Invesco Indio MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Tata MF. Franklin Templeton India MF, OptiMix Worldwide Developing Business sectors Offer Trust and Nomura India likewise partook in the anchor round.

The organization has designated 54 lakh offers to 19 entities at Rs.334 each, conglomerating the exchange size to Rs.180.36 crore, it showed. The initial initial public offering (IPO) with a total value of Rs.601 billion will open for public participation on Wednesday and conclude on Friday.

The range of prices for a share is between Rs.318 and Rs.334. The organization's maiden public issue is altogether an offer for sale (OFS) of 1.8 crore value shares worth Rs.601 crore, at the upper finish of the cost band, by advertisers - - Rajesh Loomba and Aditya Loomba - - with no new issue part.

The global corporate portability market (counting ETS and CCR) is ready for consistent development at a projected CAGR (build yearly development pace) of 9.6 percent from 2023 to 2030.

Moreover, India is set to lead the global corporate mobility landscape as far as development with an extended CAGR of 10.7 percent from 2023 to 2030, the draft paper referred to a F&S Report. Equirus Capital and IIFL securities are the book-running lead administrators to the issue. The shares of the organization will be recorded on the BSE and NSE