Ecos (India) Mobility & Hospitality Limited IPO
MainboardRoad Transport
Listed On: Sep 4, 2024 at ₹ 390.0(NSE)
₹ 14696 /44 Shares
Check Allotment28 Aug, 2024
Open Date30 Aug, 2024
Close Date02 Sep, 2024
Allotment Date04 Sep, 2024
Listing DatePrice Summary
Last Closing
215.52 (-35.47%)52 Week High
436.5052 Week Low
165.00Last Update
29-Oct-2025 3:30 PMEcos (India) Mobility & Hospitality IPO Issue Details
- Issue Price ₹318-334 per equity share
- Face Value ₹2 Per Equity Share
- Total Issue Size 1,80,00,000 shares(aggregating up to ₹601.2 crore)
- Offer For Sale 1,80,00,000 shares(aggregating up to ₹601.2 crore)
- Listing at BSE, NSE
- List Price 390.0(NSE)
- Listing Date 2024-09-04
- Lead Manager Equirus Capital Private Limited
Iifl Securities Ltd - Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 44 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 44 | ₹14,696 |
| Retail(max) | 13 | 572 | ₹1,91,048 |
Ecos (India) Mobility & Hospitality IPO Reservation
Ecos (India) Mobility & Hospitality IPO offers total 1,80,00,000 shares. Out of which 36,00,000 (20%) allocated to QIB, 27,00,000 (15%) allocated to NII,63,00,000 (35%) allocated to RII, NA (NA%) allocated to employees and 54,00,000 (30%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 54,00,000 (30%) | |
| QIB Shares Offered | 36,00,000 (20%) | |
| NII (HNI) Shares Offered | 27,00,000 (15%) | |
| bNII < ₹10L | 18,00,000 (10%) | |
| sNII < ₹10L | 9,00,000 (5%) | |
| Retail Shares Offered | 63,00,000 (35%) | |
| Total Shares Offered | 1,80,00,000 (100%) |
Ecos (India) Mobility & Hospitality IPO Details
Ecos (India) Mobility & Hospitality IPO is a book-built issue of ₹601.2 crores, The total issue size is ₹601.2 crores. 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, IPO bidding starts from Aug 28, 2024 and ends on Aug 30, 2024. The allotment for Ecos (India) Mobility & Hospitality IPO will be finalized on Sep 2, 2024. Ecos (India) Mobility & Hospitality IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 4, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
Retail investors can bid for a minimum of 44 shares, extendable to 14,696. The book-running lead manager for the IPO is/are Equirus Capital Private Limited, Iifl Securities Ltd.
The total issue ₹601.2 crore and having Offer for Sale (OFS) of 1,80,00,000 shares to mop up ₹601.2 crore.
The Ecos (India) Mobility & Hospitality IPO sets its price band at 318-334 for each share. A single application for Ecos (India) Mobility & Hospitality Limited IPO must contain at least 44 shares. Sentiment investors need to invest a minimum of 44 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,696
Ecos (India) Mobility & Hospitality IPO Subscription Analysis And 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
Ecos (India) Mobility & Hospitality Company Financials
| 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 Ecos (India) Mobility & Hospitality 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 - Promoter(s)
Rajesh Loomba
Aditya Loomba
Nidhi Seth
Rajesh Loomba Family Trust
Aditya Loomba Family Trust
Pre Issue Share Holding : 97.75%
Post Issue Share Holding : 67.75%
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.
Ecos (India) Mobility & Hospitality IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| ECOS (India) Mobility & Hospitality Limited | 10.42 | 10.42 | 29.57 | N/A | 42.75 | N/A | Restated |
| Wise Travel India Limited | 12.79 | 12.79 | 89.52 | 20.82 | 15.62 | N/A | Consolidated |
| Shree Osfm E-mobility Limited | 7.02 | 7.02 | 58.64 | 23.73 | 15.24 | N/A | Standalone |
Notes:
- Shree OSFM E-Mobility Ltd does not have a subsidiary.
- For Wise Travel India Limited and Shree OSFM E-Mobility Limited, financial information is taken from the financials published on the NSE website for Fiscal 2024.
- Return on net worth (RoNW) is computed as profit for the year attributable to common shareholders of the parent divided by net worth (excluding non-controlling interest), as at March 31, 2024.
- NAV per equity share has been computed as the net worth attributable to common shareholders (excluding non-controlling interest) divided by the total number of shares outstanding as of March 31, 2024.
- P/E Ratio has been computed based on the closing market price of the equity shares as on August 16, 2024 on www.nseindia.com, divided by the Diluted EPS as on March 31, 2024.
Strength
Weakness
Contact Details
Ecos (India) Mobility & Hospitality
45, First Floor, Corner Market Malviya Nagar, New Delhi-110017
+91 11 41326436
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Ecos (India) Mobility & Hospitality Limited IPO is OFS : 18,000,000 shares(aggregating up to ₹601.20 Cr).
Ans. The Ecos (India) Mobility & Hospitality Limited IPO price band is set between ₹318-334 per equity share.
Ans. To apply for Ecos (India) Mobility & Hospitality Limited 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 Ecos (India) Mobility & Hospitality Limited IPO allotment status online.
