Ecos (India) Mobility & Hospitality IPO
Ecos (India) Mobility & Hospitality IPO is listed on BSE and NSE, priced at ₹318–₹334 per share. The stock debuted at ₹390, delivering a listing gain of 16.8%. The IPO had a lot size of ₹44 shares and a minimum investment of ₹14,696.
Ecos (India) Mobility & Hospitality Limited IPO
- IPO Dates
- Aug 28, 2024 – Aug 30, 2024
- Price band
- ₹318-334 per equity share
- Minimum Investment
- ₹14,696
- Issue size
- ₹601.2 Cr
- Lot size
- 44
- Allotment Date
- Sep 2, 2024
- Listing
- Sep 4, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Aug 28, 2024
Open Date
Completed
-
Aug 30, 2024
Close Date
Completed
-
Sep 2, 2024
Allotment Date
Completed
-
Sep 4, 2024
Listing Date
Completed
Price Summary
- Last closing
- 136.00 (-59.28%)
- 52 week high
- 358.40
- 52 week low
- 103.94
- Last update
Ecos (India) Mobility & Hospitality IPO Essentials
Ecos (India) Mobility & Hospitality IPO Details
Ecos (India) Mobility & Hospitality IPO is priced at ₹318-334 per share with a total issue size of 601.2 crore. The IPO has a lot size of 44 shares and is listed on BSE and NSE.
- Issue price
- ₹318-334 per equity share
- Lot size
- 44 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- OFS : 18,000,000 shares(aggregating up to ₹601.20 Cr)
- Total issue size
- 1,80,00,000 shares
(aggregating up to ₹601.2 crore) - Offer for sale (OFS)
- 1,80,00,000 shares
(aggregating up to ₹601.2 crore) - Listing at
- BSE, NSE
- List price
- 390.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Equirus Capital Private Limited, Iifl Securities 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 reservation details show category-wise allocation of shares. Out of the total 1,80,00,000 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for 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%) | |
| bHNI > ₹10L | 18,00,000 (10%) | 2,922 |
| sHNI < ₹10L | 9,00,000 (5%) | 1,461 |
| Retail Shares Offered | 63,00,000 (35%) | 1,43,181 |
| Total Shares Offered | 1,80,00,000 (100%) |
Ecos (India) Mobility & Hospitality IPO Analytics
Ecos (India) Mobility & Hospitality IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Ecos (India) Mobility & Hospitality IPO Subscription Status
Ecos (India) Mobility & Hospitality IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
6.65x
6.27x
7.40x
|
3.85 x | 3.36 x |
|
Day 2
29-08-24 05:00 PM
|
0.10 x |
23.43x
22.72x
24.84x
|
8.96 x | 9.53 x |
|
Day 3
30-08-24 05:00 PM
|
136.85 x |
71.14x
74.66x
64.14x
|
19.59 x | 64.14 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 24,96,399 (Approx) | —x | —x | 16.46x |
Ecos (India) Mobility & Hospitality Valuations
Earnings
- EPS Pre IPO
- ₹10.42/-
- EPS Post IPO
- ₹10.42/-
- P/E Pre IPO
- 32.05
- P/E Post IPO
- 32.05
Returns
- ROE
- 42.75%
- ROCE
- 42.88%
- RoNW
- 42.75%
- PAT Margin
- 11.00
Fundamentals
- Debt / Equity
- 0.12
- Price / Book
- 11.30
Ecos (India) Mobility & Hospitality Financials( In Crs.)
| 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 |
Ecos (India) Mobility & Hospitality Company & Offer Insights
About Ecos (India) Mobility & Hospitality
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 are the company's promoters of Ecos (India) Mobility & Hospitality.
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.
Ecos (India) Mobility & Hospitality IPO - Strengths and Risks
Ecos (India) Mobility & Hospitality IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Ecos (India) Mobility & Hospitality
+91 11 41326436
45, First Floor, Corner Market Malviya Nagar, New Delhi-110017
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Ecos (India) Mobility & Hospitality IPO is a book-built IPO worth ₹601.2 crore. The price band is ₹318–₹334 per share. The IPO opens on Aug 28, 2024 and closes on Aug 30, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Ecos (India) Mobility & Hospitality IPO is ₹318 to ₹334 per share.
The lot size of Ecos (India) Mobility & Hospitality IPO is 44 shares.
The minimum investment for Ecos (India) Mobility & Hospitality IPO is approximately ₹14,696 based on the upper price band .
Ecos (India) Mobility & Hospitality IPO opens on Aug 28, 2024 and closes on Aug 30, 2024.
The allotment date of Ecos (India) Mobility & Hospitality IPO is Sep 2, 2024.
Ecos (India) Mobility & Hospitality IPO is expected to be listed on Sep 4, 2024, on BSE and NSE .
Ecos (India) Mobility & Hospitality IPO listed on Sep 4, 2024. It was issued at ₹390.0(NSE) and is currently around ₹136.00 as on 14-May-2026 3:30 PM, which is approximately -59.3% versus issue price. The 52-week high is ₹358.40.
Based on listing and post-listing performance, Ecos (India) Mobility & Hospitality IPO delivered around -59.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Ecos (India) Mobility & Hospitality IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Ecos (India) Mobility & Hospitality IPO valuation snapshot: P/E 32.05, EPS ₹10.42/-, P/B 11.30, RoNW 42.75%, and market cap N/A.
To apply for Ecos (India) Mobility & Hospitality IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Ecos (India) Mobility & Hospitality IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Ecos (India) Mobility & Hospitality IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Ecos (India) Mobility & Hospitality IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ecos (India) Mobility & Hospitality IPO allotment status on IPO Ji for quick and easy access.