ECO Mobility IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 28 Aug 2024
Close Date
Fri, 30 Aug 2024
Price Band
₹ 318 – 334
Lot Size
44
Issue Size
₹ 601.20 Cr
Minimum Investment
₹ 14,696 (44 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
ECO Mobility IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹601.20 Crore and an offer for sale (OFS) of 1.80 Crore equity shares aggregating to ₹601.20 Crore by the existing shareholders.
The ECO Mobility IPO remained open for subscription from August 28, 2024, to August 30, 2024. The basis of allotment was finalized on September 02, 2024, and the company's shares were listed on the NSE and BSE on September 04, 2024.
The company had fixed the price band at ₹318 to ₹334 per share, with a lot size of 44 shares. Retail investors were required to make a minimum investment of ₹14,696 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Equirus Capital Private Limited, and IIFL Capital Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, ECOS (India) Mobility & Hospitality Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
ECO Mobility IPO Timeline (Tentative)
- IPO Open Date
- Wed, 28 Aug 24
- IPO Close Date
- Fri, 30 Aug 24
- Basis of Allotment
- Mon, 02 Sep 24
- Initiation of Refunds
- Tue, 03 Sep 24
- Credit of Shares to Demat
- Tue, 03 Sep 24
- Listing Date
- Wed, 04 Sep 24 — NSE & BSE
Open Date
28 August 2024
Close Date
30 August 2024
Basis Of Allotment
02 September 2024
Listing Date
04 September 2024
IPO Subscription
Check Live Subscription →The ECO Mobility IPO has received bids for 80,96,84,392 shares against 1,26,00,000 shares offered, resulting in an overall subscription of 64.26x. the NII category is subscribed 71.23x, Retail Investors 19.79x, and QIBs 136.85x. Within the NII category, BNII is subscribed 74.66x, while SNII is subscribed 64.37x.
QIB
136.85x
NII
71.23x
BNII
74.66x
SNII
64.37x
RII
19.79x
Total
64.26x
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
ECOS (India) Mobility & Hospitality Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About ECOS (India) Mobility & Hospitality Limited
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
ECO Mobility IPO 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%
ECO Mobility IPO Objective
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 Limited Address / Contact Details
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
ECO Mobility IPO Lot Size
The ECO Mobility IPO has a lot size of 44 shares. Retail investors require a minimum investment of ₹14,696 by applying for 1 lot (44 shares). The maximum application allowed for the retail category is 13 lots (572 shares), requiring an investment of ₹1,91,048.
| 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 |
Issue Reservation
Book Running Lead Managers
- Equirus Capital Private Limited
- IIFL Capital Services Limited
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the ECO Mobility IPO?
ECO Mobility IPO is a Book-building IPO with a total issue size of ₹601.2 crore. The ECO Mobility IPO price band is ₹318 to 334 per share. The ECO Mobility IPO subscription opens on Wed, Aug 28, 2024, and closes on Fri, Aug 30, 2024. The ECO Mobility IPO will be listed on the NSE,BSE. MUFG Intime India Private Limited is the registrar for the ECO Mobility IPO.
When will the ECO Mobility IPO open for subscription?
The ECO Mobility IPO opens on Wed, Aug 28, 2024 and closes on Fri, Aug 30, 2024
What is ECO Mobility IPO Price Band?
ECO Mobility IPO Price Band is ₹318 to 334 per share.
What is ECO Mobility IPO Lot Size?
ECO Mobility IPO lot size is 44 shares, Retail investors need a minimum investment of ₹14696 based on the upper price band
What is the minimum investment for ECO Mobility IPO?
The minimum investment for ECO Mobility IPO is ₹14696, based on one lot of 44 shares at the upper price band of ₹334 per share.
How to apply for ECO Mobility IPO?
Investors can apply for the ECO Mobility IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 30, 2024. The application amount remains blocked until the ECO Mobility IPO allotment is finalized.
What is ECO Mobility IPO Issue Size?
ECO Mobility IPO issue size is ₹601.2 crores.
What is the ECO Mobility IPO Allotment Date?
ECO Mobility IPO allotment date is Mon, Sep 2, 2024.
Who is the ECO Mobility IPO Registrar?
The registrar for ECO Mobility IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check ECO Mobility IPO allotment status, refund processing, and other IPO-related information.
What is the ECO Mobility IPO GMP?
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 45.51% over the issue price.
Who is the ECO Mobility IPO Lead Manager?
The book-running lead managers (BRLMs) for the ECO Mobility IPO are Equirus Capital Private Limited, and IIFL Capital Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the ECO Mobility IPO Red Herring Prospectus (RHP).