Ecos (India) Mobility & Hospitality Limited IPO

Mainboard

Road Transport

Listed On: Sep 4, 2024 at ₹ 390.0(NSE)

₹ 14696 /44 Shares

Check Allotment

Price Summary

Last Closing

330.30 (-1.11%)

52 Week High

593.70

52 Week Low

322.65

Last Update

22-Nov-2024 3:30 PM

Ecos (India) Mobility & Hospitality IPO Details

28 Aug, 2024

Open Date

30 Aug, 2024

Close Date

02 Sep, 2024

Allotment Date

04 Sep, 2024

Listing Date

Issue Price

₹318-334 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

390.0(NSE)

Listing Date

2024-09-04

Market 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 Limited
Iifl 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

IPO Docs

DRHP RHP ANCHOR

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

Total No. of Applications: 24,96,399 (Approx)

Retail Subscription on the basis of Applications: Retail:16.46x BHNI:14.41x SHNI:61.38x times

Ecos (India) Mobility & Hospitality Valuations

EPS Pre IPO

₹10.42/-

EPS Post IPO

₹10.42/-

P/E Pre IPO

32.05

P/E Post IPO

32.05

RoNW

42.75%

Ecos (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

About The Company

ECOS (India) Mobility & Hospitality Limited is a chauffeur driven car rental service provider in India. The company's primary business is to provide chauffeured car rentals (CCR) and employee transportation services (ETS).

The company has been offering these services to corporate clients, including Fortune 500 companies in India.As of March 31, 2024, the company had a presence throughout India, operating in 109 cities using its own vehicles and vendors. It was spread across 21 states and four union territories, showcasing its extensive reach and penetration into diverse regions across the country.In Fiscal 2024, ECOS (India) Mobility has served the CCR and ETS requirements of over 1,100 organizations in India.

The company offers self-driven cars in Delhi, Gurugram, Mumbai, and Bengaluru.In Fiscal 2024, ECOS (India) Mobility completed over 3,100,000 trips, averaging more than 8,400 trips per day through its CCR and ETS segments.The company has a fleet of over 12,000 cars, including 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 clientele of the company include 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, responsible for real-time quality checks and issue resolution.

Ecos (India) Mobility & Hospitality - Strength and Weakness

Strength

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.

Weakness

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%

Company Promoter(s)

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

Ecos India Mobility & Hospitality mobilises over Rs 180 crore from 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

Company Contact Details

Ecos (India) Mobility & Hospitality

45, First Floor, Corner Market Malviya Nagar, New Delhi-110017

Phone: +91 11 41326436

Email: legal@ecorentacar.com

Website: https://www.ecosmobility.com/

Registrar Contact Details

Link 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.