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Ecos (India) Mobility & Hospitality Ltd. IPO
Ecos (India) Mobility & Hospitality Ltd., established in 1996, operates in the Tours & Travels sector. The company's IPO opened on August 28, 2024 and closed on August 30, 2024, with an issue price of ... Read more
IPO Timeline
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28 Aug 2024Bidding Starts
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30 Aug 2024Bidding Ends
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2 Sep 2024Allotment Finalization
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4 Sep 2024Listing
About Ecos (India) Mobility & Hospitality Ltd.
We are primarily engaged in the business of providing chauffeured car rentals (“CCR”) and employee transportation services (“ETS”) and have been providing these services to corporate customers, including Fortune 500 companies in India, for more than 25 years. The CCR ... Read more
Ecos (India) Mobility & Hospitality Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 54,00,000 (30%) |
| Non Institutional Investors | 27,00,000 (15%) |
| Qualified Institutional Buyers (QIBs) | 36,00,000 (20%) |
| Retail Individual Investors (RIIs) | 63,00,000 (35%) |
Ecos (India) Mobility & Hospitality Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2023 | 416.26 Cr | 41.65 Cr | 114.33 Cr |
| 31 Mar 2022 | 148.00 Cr | 8.84 Cr | 72.70 Cr |
| 31 Mar 2021 | 104.93 Cr | -2.79 Cr | 63.48 Cr |
Ecos (India) Mobility & Hospitality Ltd. Background
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1996• Incorporated in Delhi on February 15, 1996. Commenced operations with a focus on serving Corporates.
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2001• Acquired the contract to provide transportation services to a prestigious NCR hotel
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2006• Honoured to be included on the panel of transporter of MEA, Govt of India, to provide ground transport services to the VVIP delegations visiting India.
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2008• Designed and developed exclusive software for business operations
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2010• Opened Noida branch office
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2011• Acquired first pan India client, a Fortune 500 company*
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2012• Initiated the establishment of a vendor network across India to serve clients
• Open Branch Offices in Bangalore, Mumbai, Pune
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2013• Opened branch offices in Chennai and Hyderabad
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2014• Opened Jaipur branch office
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2015• Crossed ?1,000.00 million of revenue mark for the first time
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2016• Established GIS related services for trip monitoring using GPS
• Opened branch offices in Kolkata, Ahmedabad
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2017• Launched online booking tool and integrated APIs to digitize reservations
• Crossed ?2,000.00 million of revenue mark for the first time
• Open Branch in Lucknow
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2018• Opened branch office in Coimbatore
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2019• Expanded our network outside India
• Launched the ‘Eco Driver’ application
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2020• Crossed ?4,000.00 million of revenue mark for the first time
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2021• Launched the ‘Eco Rent A Car’ application
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2023• Provided premium transport to G20 delegates in 25 cities across India
• Crossed pre-covid maximum revenue in the Financial Year
• Opened sales liaison office in Chandigarh
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2024• Launched end-to-end managed corporate car hire services with CabDrivePro
1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges
2. Carry out the Offer for Sale of up to 18,000,000 Equity Shares by the Selling Shareholders
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 334.00 | ₹ 334.00 |
| Open | ₹ 391.30 | ₹ 390.00 |
| Low | ₹ 380.10 | ₹ 380.00 |
| High | ₹ 456.00 | ₹ 456.00 |
| Last Trade | ₹ 442.80 | ₹ 443.15 |
1. Rajesh Loomba
2. Aditya Loomba
3. Nidhi Seth
4. Rajesh Loomba Family Trust
5. Aditya Loomba Family Trust
The market for ETS in India is US$ 6.1 billion in Fiscal 2023. Organized players hold an estimated 15% market share of the total ETS market in India (as of CY2023). Further, the market for CCR in India is US$ 4.7 billion in Fiscal 2023. The organized segment in the CCR market is estimated to hold ... Read more
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2. Carry out the Offer for Sale of up to 18,000,000 Equity Shares by the Selling Shareholders
Latest Updates
ECOS (India) Mobility and Hospitality Ltd, known for its chauffeur-driven mobility services, opens IPO subscription on Indian stock exchanges today, Wednesday, August 28. The company's initial public offering (IPO) has drawn significant attention, with a price band set between Rs 318 and Rs 334 per equity share.
ECOS (India) Mobility and Hospitality IPO allows investors to bid for a minimum of 44 equity shares, with subsequent bids in multiples of 44 shares. The public issue will be open until Friday, August 30. Allocation for the issue includes 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs).
The company's financial performance has shown growth over the past few years. For fiscal 2024, ECOS Mobility reported an operating revenue of Rs 554.41 crore, up from Rs 422.68 crore in fiscal 2023 and Rs 147.34 crore in fiscal 2022. The profit after tax also saw a robust increase, reaching Rs 62.53 crore in fiscal 2024 compared to Rs 43.59 crore in fiscal 2023 and Rs 9.87 crore in fiscal 2022. Bumper Listing: Orient Technologies Makes Stellar Debut On Exchanges At 40% Premium From IPO Price In terms of valuation, the company's peers include Wise Travel India Ltd and Shree OSFM EMobility Ltd, with P/E ratios of 20.82 and 23.73, respectively.
The IPO has been subscribed 1.15 times overall. The retail portion has seen a subscription rate of 1.56 times, while the Non-Institutional Investor (NII) segment is subscribed 1.74 times. The Qualified Institutional Buyer (QIB) portion is yet to be booked, according to the latest BSE data. Investors looking for exposure to an established player in the chauffeur-driven mobility sector should keep a close watch on the listing and subscription developments.
28 August 2024Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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