Ecos (India) Mobility & Hospitality Limited IPO
MainboardRoad Transport
Listed On: Sep 4, 2024 at ₹ 390.0(NSE)
₹ 14696 /44 Shares
Check AllotmentPrice Summary
Last Closing
195.80 (-41.38%)52 Week High
593.7052 Week Low
165.00Last Update
17-Apr-2025 3:30 PM28 Aug, 2024
Open Date30 Aug, 2024
Close Date02 Sep, 2024
Allotment Date04 Sep, 2024
Listing DateIssue Price
₹318-334 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
390.0(NSE)Listing Date
2024-09-04Market Lot
Retail : 44 Shares (₹14,696/-)S-HNI : 616 Shares (₹2,05,744/-)
B-HNI : 3,036 Shares (₹10,14,024/-)
Lead Manager
Equirus Capital Private LimitedIifl Securities Ltd
Issue Size
OFS : 18,000,000 shares(aggregating up to ₹601.20 Cr)Retail Portion
35% (Number of Retail Applications: 1,43,182 Approx),(Number of S-HNI Applications : 1,461 Approx),
(Number of B-HNI Applications : 2,922 Approx)
Subscription
64.14 times
The IPO of Ecos (India) Mobility & Hospitality is priced at ₹318-334 per equity share, which has a face value of ₹2 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
Ecos (India) Mobility & Hospitality IPO bid opening date is from Aug 28, 2024 and the bid closing date was Aug 30, 2024.
Ecos (India) Mobility & Hospitality IPO allotment result will be available on Sep 2, 2024. The tentative listing date for Ecos (India) Mobility & Hospitality is Sep 4, 2024.
The total issue size is OFS : 18,000,000 shares(aggregating up to ₹601.20 Cr).
Ecos (India) Mobility & Hospitality IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,600,000 | 2,700,000 1,800,000 900,000 | 6,300,000 | 12,600,000 |
| Day 1 - 28-08-24 05:00 PM | 0.04 x | 6.65 6.27 x 7.40 x | 3.85 x | 3.36 x |
| Day 2 - 29-08-24 05:00 PM | 0.10 x | 23.43 22.72 x 24.84 x | 8.96 x | 9.53 x |
| Day 3 - 30-08-24 05:00 PM | 136.85 x | 71.14 74.66 x 64.14 x | 19.59 x | 64.14 x |
Ecos (India) Mobility & Hospitality Valuations
EPS Pre IPO
₹10.42/-EPS Post IPO
₹10.42/-P/E Pre IPO
32.05P/E Post IPO
32.05ROE
42.75%ROCE
42.88%Debt/Equity
0.12RoNW
42.75%PAT Margin
11.00Price to Book Value
11.30Ecos (India) Mobility & Hospitality Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 296.66 | 229.71 | 112.38 |
| Revenue | 568.21 | 425.43 | 151.55 |
| Profit After Tax | 62.53 | 43.59 | 9.87 |
| Net Worth | 177.41 | 115.13 | 71.56 |
| Reserves & Surplus | 165.41 | 115.07 | 71.5 |
| Total Borrowing | 21.72 | 32.95 | 3.34 |
About The Company
ECOS (India) Mobility & Hospitality Limited is a car rental service that offers chauffeur-driven cars. The company incorporated in February 1996 is primarily into chauffeured car rentals (CCR) and employee transportation services (ETS).It has been serving corporate clients like Fortune 500 companies in India.
As of March 31, 2024, the company had a pan-India presence, operating in 109 cities through its owned vehicles and vendors. It is spread across 21 states and four union territories, thus evidencing its deep penetration into all regions of the country.In Fiscal 2024, ECOS (India) Mobility has catered to the CCR and ETS needs of more than 1,100 organizations in India.The company provides self-driven cars in Delhi, Gurugram, Mumbai, and Bengaluru.During Fiscal 2024, ECOS (India) Mobility had conducted over 3,100,000 trips. It has generated more than 8,400 trips per day through its CCR and ETS segments.
The company has a fleet of over 12,000 cars, which includes economy, luxury, and mini vans as well as specialty vehicles such as luggage vans, limousines, vintage cars, and accessible transportation for people with disabilities.
The customers of the firm are InterGlobe Aviation Limited (Indigo), HCL Corporation Private Limited, Safexpress Private Limited, Deloitte Consulting India Private Limited, Urbanclap Technologies Private Limited (Urban Company), IndusInd Bank Limited, Foresight Group Services Limited FZCO, HDFC Life Insurance Company Limited, Thomas Cook, India, Grant Thornton Bharat LLP, WM Global Technology Services India Private Limited (Walmart Global Tech), VRB Consumer Products Private Limited, Pinkerton Corporate Risk Management Private Limited, MedGenome Labs Limited, Dreamfolks Services Limited, Mercer Consulting(I) Private Limited, FNF India Private Limited (Fidelity), exl Service.com (India) Private Limited, Gujarat Guardian Limited and VA Tech Wabag Limited.
On March 31, 2024, the company had 671 employees in its crucial operations team which is responsible for real-time quality checks and issue resolution.
Ecos (India) Mobility & Hospitality - Strength and Weakness
ECOS (India) Mobility & Hospitality Limited is a leading chauffeur-driven mobility provider in India, with ₹4,226.76 million in revenue and ₹435.91 million in profit after tax for Fiscal 2023.
The company operates over 9,000 vehicles across 109 cities, catering to diverse needs with economy cars, premium vehicles, and luxury coaches.
ECOS serves 42 Fortune 500 and 60 BSE 500 companies, maintaining strong customer relationships that contribute to significant lifetime value. By fostering strong connections with these leading corporations, ECOS ensures a consistent and valuable stream of business.
ECOS Mobility's reliance on technology means disruptions or failures in their outsourced technology systems could negatively impact operations and customer satisfaction.
Dependence on key customers, particularly in major cities, exposes ECOS to the risks of reduced demand or termination of contracts, affecting financial stability.
An increase in vehicle prices and fleet costs could strain ECOS's finances, hindering their ability to expand and upgrade their vehicle fleet efficiently.
Ecos (India) Mobility & Hospitality - Promoter(s)
Pre Issue Share Holding: 97.75%
Post Issue Share Holding: 67.75%
- Rajesh Loomba
- Aditya Loomba
- Nidhi Seth
- Rajesh Loomba Family Trust
- Aditya Loomba Family Trust
Ecos (India) Mobility & Hospitality IPO - Issue Objectives
- The company will not directly receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
Ecos (India) Mobility & Hospitality IPO - Anchor Investors
Total 14 institutional investors participated in the anchor book including Whiteoak Capital, ICICI Prudential Mutual Fund, Nomura Trust, Aditya Birla Sun Life Trustee and Nippon Life India.
Troo Capital, Acacia Banyan Partners, Invesco India, Motilal Oswal Mutual Fund, Franklin India, Optimix Wholesale Global Emerging Markets Share Trust, Tata Mutual Fund, Bandhan Mutual Fund, and Edelweiss Trusteeship also invested in the company via anchor book.
Other Details
Ecos (India) Mobility & Hospitality
45, First Floor, Corner Market Malviya Nagar, New Delhi-110017Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ecorentacar.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Ecos (India) Mobility & Hospitality IPO - FAQs
Ans. Ecos (India) Mobility & Hospitality Limited IPO is a Mainboard IPO. The issue is priced at ₹318-334 per equity share. The minimum order quantity is 44 Shares. The IPO opens on Aug 28, 2024, and closes on Aug 30, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Ecos (India) Mobility & Hospitality Limited IPO opens on Aug 28, 2024 and closes on Aug 30, 2024.
Ans. The size of Ecos (India) Mobility & Hospitality Limited IPO is OFS : 18,000,000 shares(aggregating up to ₹601.20 Cr).
Ans. The IPO price band is set between ₹318-334 per equity share.
Ans. To apply for Ecos (India) Mobility & Hospitality Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Ecos (India) Mobility & Hospitality Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Ecos (India) Mobility & Hospitality Limited IPO is Sep 2, 2024.
Ans. The Ecos (India) Mobility & Hospitality Limited IPO will be listed on Sep 4, 2024.
Ans. Follow the steps to check the allotment status for Ecos (India) Mobility & Hospitality Limited IPO here.
