ECO Mobility IPO
Open MainLineCurrent GMP
₹152 (+45.51%)
Price Band
₹ 318 – 334
Lot Size
44
Issue Size
₹601.2 Cr
Minimum Investment
₹14696 (44 Shares)
Listing Date
04 September 2024
Subscription
64.26x
About the Company
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.
Peer Details
As per DRHP, the following are the listed peers of ECO Mobility Limited that are engaged in similar business:
- Wise Travel India Limited
- Shree OSFM EMobility Limited
Promoters
- Rajesh Loomba
- Aditya Loomba
- Nidhi Seth
- Rajesh Loomba Family Trust
- Aditya Loomba Family Trust
Promoters Holding
Holding Pre Issue
97.75%
Holding Post Issue
67.75%
Objects of the Issue
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.
Address / Contact Info
ECOS (India) Mobility & Hospitality Limited
45, First Floor, Corner Market
Malviya Nagar,
New Delhi-110017
Phone: +91 11 41326436
Email: legal@ecorentacar.com
Website: https://www.ecosmobility.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 28 August 2024
IPO Close Date
Friday, 30 August 2024
Basis of Allotment
Monday, 02 September 2024
Initiation of Refunds
Tuesday, 03 September 2024
Credit of Shares to Demat
Tuesday, 03 September 2024
Listing Date
Wednesday, 04 September 2024 — NSE & BSE
Important Dates
Open Date
28 August 2024
Close Date
30 August 2024
Basis Of Allotment
02 September 2024
Listing Date
04 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 |
| Reserve & Surplus | 165.41 | 115.07 | 71.5 |
| Total Borrowings | 21.72 | 32.95 | 3.34 |
EPS Pre
10.42%
EPS Post
10.42%
P/E Pre
32.05
P/E (Post Issue)
32.05x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 42.75 |
| ROCE % | 42.88 |
| Debt / Equity | 0.12 |
| RoNW % | 42.75 |
| PbW | 11.3 |
| Pat Margin % | 11 |
Return Ratio
IPO Reservations
Reservation figures are shown once IPO opens.
Subscription Status ( Fri, 20 Sep 24 06:54 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3600000 | 492674468 | 136.85x |
| Non-Institutional | 2700000 | 192314320 | 71.23x |
| BNII | 1800000 | 134382380 | 74.66x |
| SNII | 900000 | 57931940 | 64.37x |
| Retail Investors | 6300000 | 124695604 | 19.79x |
| Total | 12600000 | 809684392 | 64.26x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 44 | 14,696.00 |
| Retail (Max) | 13 | 572 | 191,048.00 |
| S-HNI (Min) | 14 | 616 | 205,744.00 |
| S-HNI (Max) | 68 | 2,992 | 999,328.00 |
| B-HNI (Min) | 69 | 3,036 | 1,014,024.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Equirus Capital Private Limited
- IIFL Capital Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
ECO Mobility IPO is a Book-building IPO worth ₹601.2 crores. The price band is ₹318 to 334 per share. The IPO opens on Wed, Aug 28, 2024 and closes on Fri, Aug 30, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The ECO Mobility IPO opens on Wed, Aug 28, 2024 and closes on Fri, Aug 30, 2024
ECO Mobility IPO Price Band is ₹318 to 334.
ECO Mobility IPO lot size is 44, and the minimum amount required for application is ₹14696.
The minimum investment for ECO Mobility IPO is approximately ₹14696 based on the upper price band.
To apply for the ECO Mobility IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Aug 30, 2024. After submission, funds are blocked until the basis of allotment of ECO Mobility IPO is finalised.
ECO Mobility IPO issue size is ₹601.2 crores.
ECO Mobility IPO allotment date is Sat, Jun 27, 2026.
The registrar for ECO Mobility IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to ECO Mobility IPO through their official website or helpline.
The ECO Mobility IPO GMP (Grey Market Premium) is ₹152 as of Fri, Aug 30, 2024. Based on the upper price band of ₹334 per share, the estimated ECO Mobility IPO listing price is ₹486, indicating a potential listing gain of approximately 31% over the issue price.