Last updated on September 4, 2024
ECOS Mobility IPO Description – ECOS Mobility and Hospitality is the largest and most profitable provider of chauffeur-driven mobility services to corporates in India. The company specializes in offering chauffeured car rentals (CCR) and employee transportation services (ETS), catering primarily to corporate clients.
As of 30 September 2023, ECOS Mobility and Hospitality operated across 109 cities in India, utilizing both its vehicles and those of vendors. The company’s services extend across 21 states and four union territories. In Fiscal 2023, ECOS Mobility catered to the CCR and ETS needs of over 750 corporate customers, completing more than 2,100,000 trips, averaging over 5,700 trips per day. Additionally, the company offers self-drive cars in Delhi, Gurugram, Mumbai, and Bengaluru.
ECOS Mobility and Hospitality operates a fleet of over 9,000 vehicles, ranging from economy to luxury cars, minivans, and luxury coaches. The company also offers specialty vehicles, including luggage vans, limousines, vintage cars, and accessible transportation for people with disabilities.
Promoters of ECOS Mobility and Hospitality – Rajesh Loomba, Aditya Loomba, Rajesh Loomba Family Trust, and Aditya Loomba Family Trust
Table of Contents
ECOS Mobility IPO Details
| ECOS Mobility IPO Dates | 28 – 30 August 2024 |
| ECOS Mobility Issue Price | INR 318 – 334 per share |
| Fresh issue | NIL |
| Offer For Sale | 1,80,00,000 shares (INR 601.20 crore) |
| Total IPO size | 1,80,00,000 shares (INR 601.20 crore) |
| Minimum bid (lot size) | 44 shares (INR 14,696) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
ECOS Mobility Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 147.34 | 422.68 | 554.41 |
| Expenses | 138.57 | 367.14 | 485.89 |
| Net income | 9.77 | 43.56 | 62.53 |
| Margin (%) | 6.63 | 10.30 | 11.29 |
ECOS Mobility and Hospitality Offer News
- ECOS Mobility RHP
- ECOS Mobility DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
ECOS Mobility Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 1.63 | 7.26 | 10.42 | 10.42 |
| PE Ratio | – | – | 30.51 – 32.05 | 30.51 – 32.05 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 14.80 | 46.70 | 42.75 |
| NAV | 11.93 | 19.19 | 29.07 |
| ROCE (%) | 19.07 | 40.90 | 42.88 |
| EBITDA (%) | 12.25 | 16.50 | 16.23 |
| Debt/Equity | 0.05 | 0.29 | 0.12 |
ECOS Mobility IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 3 September 2024 | 150 | – | 4,900 |
| 2 September 2024 | 150 | – | 4,900 |
| 30 August 2024 | 150 | – | 4,900 |
| 29 August 2024 | 160 | – | 5,200 |
| 28 August 2024 | 160 | – | 5,200 |
| 27 August 2024 | 140 | – | 5,100 |
| 26 August 2024 | 118 | – | 4,800 |
| 24 August 2024 | 65 | – | 3,400 |
ECOS Mobility – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| ECOS Mobility | 32.05 | 10.42 | 42.75 | 29.07 | 568.21 |
| Wise Travel India | 20.82 | 12.79 | 15.62 | 89.52 | 249.98 |
| Shree OSFM E-Mobility | 23.73 | 7.02 | 15.24 | 58.64 | 82.61 |
ECOS Mobility IPO Allotment Status
ECOS Mobility IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
ECOS Mobility IPO Dates & Listing Performance
| IPO Opening Date | 28 August 2024 |
| IPO Closing Date | 30 August 2024 |
| Finalization of Basis of Allotment | 2 September 2024 |
| Initiation of refunds | 3 September 2024 |
| Transfer of shares to demat accounts | 3 September 2024 |
| ECOS Mobility IPO Listing Date | 4 September 2024 |
| Opening Price on NSE | INR 390 per share (up 16.77%) |
| Closing Price on NSE | INR 443.15 per share (up 32.68%) |
ECOS Mobility IPO Reviews – Subscribe or Avoid?
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ECOS Mobility and Hospitality Offer Lead Manager
EQUIRUS CAPITAL PRIVATE LIMITED
12th Floor, C Wing, Marathon Futurex,
N M Joshi Marg, Lower Parel,
Mumbai 400 013, Maharashtra
Phone: +91 22 4332 0735
Email:Â [email protected]
Website:Â www.equirus.com
ECOS Mobility and Hospitality Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 81081 149499
Email:Â [email protected]
Website:Â www.linkintime.co.in
ECOS Mobility and Hospitality Contact Details
ECOS (INDIA) MOBILITY & HOSPITALITY LIMITED
45, First Floor, Corner Market,
Malviya Nagar, New Delhi-110017
Phone:Â +91 11 41326436
Email: [email protected]
Website: www.ecosmobility.com
ECOS Mobility IPO FAQs
How many shares in ECOS Mobility IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for an ECOS Mobility Public Offer?
The best way to apply for ECOS Mobility public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is ECOS Mobility IPO GMP today?
ECOS Mobility IPO GMP today is INR 150 per share.
What is the ECOS Mobility kostak rate today?
ECOS Mobility kostak rate today is INR NA per application.
What is ECOS Mobility Subject to Sauda rate today?
ECOS Mobility Subject to Sauda rate today is INR 4,900 per application.
Very useful app