ECOS Mobility IPO Date, Review, Price, Allotment Details

ECOS Mobility & Hospitality IPO open date is August 28, 2024 and the IPO will close on August 30, 2024. ECOS Mobility & Hospitality is a book built issue. The company to raise around ₹601.20 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 18,000,000 equity shares with face value of ₹2 each..

ECOS Mobility & Hospitality IPO price band is fixed at ₹318 to ₹334. The retail quota is 35%, QIB is 50%, and HNI is 15%. ECOS Mobility & Hospitality IPO to list on NSE and BSE on September 4, 2024. The allotment of ECOS Mobility & Hospitality IPO date is September 2, 2024.

The company reported revenue of ₹568.21 crores in 2024 against ₹425.43 crore in 2023. The company reported profit of ₹62.53 crores in 2024 against loss of ₹43.59 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

ECOS Mobility & Hospitality IPO

Table of Contents


ECOS Mobility IPO Details

IPO Open Date:August 28, 2024
IPO Close Date:August 30, 2024
Face Value:₹2 Per Equity Share
IPO Price Band:₹318 to ₹334 Per Share
Issue Size:Approx ₹601.20 Crores
Offer for Sale:Approx 18,000,000 Equity Shares
Issue Type:Book Built Issue
IPO Listing:BSE & NSE
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

ECOS Mobility IPO Market Lot

The ECOS Mobility & Hospitality IPO minimum market lot is 44 shares with ₹14,696 application amount. The retail investors can apply up-to 13 lots with 572 shares or ₹191,048 amount.

ApplicationLot SizeSharesAmount
Retail Minimum144₹14,696
Retail Maximum13572₹191,048
S-HNI Minimum14616₹205,744
B-HNI Minimum693,036₹1,014,024

ECOS Mobility IPO Dates

The ECOS Mobility & Hospitality IPO date is August 28 and the close date is August 30. The ECOS Mobility & Hospitality IPO allotment will be finalized on September 2 and the IPO listing on September 4.

IPO Open Date:August 28, 2024
IPO Close Date:August 30, 2024
Basis of Allotment:September 2, 2024
Refunds:September 3, 2024
Credit to Demat Account:September 3, 2024
IPO Listing Date:September 4, 2024

Promoters of ECOS Mobility & Hospitality

The promoters of the company are Rajesh Loomba, Aditya Loomba, Nidhi Seth, Rajesh Loomba Family Trust and Aditya Loomba Family Trust.

About ECOS (India) Mobility & Hospitality

Ecos (India) Mobility & Hospitality Limited has been providing chauffeur-driven mobility services to corporations in India for over 25 years. They offer chauffeured car rentals as well as employee transportation services to Fortune 500 companies and other leading organizations. The company has a pan-India presence covering 109 cities across 21 states and four union territories.

By Fiscal 2024 they have served more than 1,100 organizations by carrying out more than 3.1 million trips in total. The company has trained on it and has a fleet of 12000 vehicles which are all in different categories such as economy cars, luxury cars, vans, and specialty vehicles. It provides services to clients who are in a huge variety of fields e.g., IT, consulting, business process outsourcing (BPO), e-commerce, health care and even pharmaceuticals.

ECOS Mobility & Hospitality Company Financial Report

The company reported revenue of ₹3171.31 crores in 2024 against ₹1463.21 crores in 2023. The company reported a profit of ₹231.36 crores in 2024 against a loss of ₹13.34 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2022₹151.55₹138.57₹9.87₹112.38
2023₹425.43₹367.14₹43.59₹229.71
2024₹568.21₹485.89₹62.53₹296.66

ECOS Mobility & Hospitality IPO Valuation – FY2024

Check ECOS Mobility & Hospitality IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:35.2%
ROCE:46.4%
EBITDA Margin:18.3%
PAT Margin:11.0%
Debt to equity ratio:0.12
Earning Per Share (EPS):₹10.42 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):42.75%
Net Asset Value (NAV):₹29.57

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
ECOS Mobility & Hospitality10.42NA42.7529.575,68.21 Cr.
Wise Travel India Ltd12.7920.8215.6289.524,14.09 Cr.
Shree OSFM EMobility Ltd7.0223.7315.2458.641,19.06 Cr.

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.

ECOS Mobility & Hospitality IPO Review

  • IPO Watch – May Apply
  • Canara Bank –
  • DRChoksey FinServ –
  • Emkay Global –
  • Hem Securities –
  • IDBI Capital –
  • Marwadi Shares –
  • Nirmal Bang –
  • SBICAP Securities –
  • Sharekhan –
  • SMC Global –
  • Sushil Finance –
  • Swastika Investmart – Apply
  • Ventura Securities –
  • Geojit –
  • Reliance Securities –
  • Capital Market –
  • BP Wealth –
  • ICICIdirect –
  • Choice Broking –

ECOS Mobility & Hospitality IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html

IPO Lead Managers aka Merchant Bankers

  • Equirus Capital Private Limited
  • Iifl Securities Ltd

Company Address

ECOS (India) Mobility & Hospitality Limited
45, First Floor, Corner Market
Malviya Nagar,
New Delhi-110017
Phone: +91 11 41326436
Email: [email protected]
Website: https://www.ecosmobility.com/

ECOS Mobility & Hospitality IPO FAQs

What is ECOS Mobility & Hospitality IPO?

ECOS Mobility & Hospitality IPO is a main-board IPO. The company is going to raise ₹601.20 Crores via IPO. The issue is priced at ₹318 to ₹334 pr equity share. The IPO is to be listed on BSE & NSE.

When ECOS Mobility & Hospitality IPO will open for subscription?

The IPO is to open on August 28, 2024 for QIB, NII, and Retail Investors. The IPO will close on August 29, 2024.

What is ECOS Mobility & Hospitality IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the ECOS Mobility & Hospitality IPO?

You can apply for ECOS Mobility & Hospitality IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is ECOS Mobility & Hospitality Issue Size?

ECOS Mobility & Hospitality issue size is ₹601.20 crores.

What is ECOS Mobility & Hospitality IPO Price Band?

ECOS Mobility & Hospitality IPO Price Band is ₹318 to ₹334.

What is ECOS Mobility & Hospitality IPO Lot Size?

The minimum bid is 44 Shares with ₹14,696 amount.

What is the ECOS Mobility & Hospitality IPO Allotment Date?

ECOS Mobility & Hospitality IPO allotment date is September 2, 2024.

What is the ECOS Mobility & Hospitality IPO Listing Date?

ECOS Mobility & Hospitality IPO listing date is September 4, 2024. The IPO is to list on BSE and NSE.

Note: The ECOS Mobility & Hospitality IPO price band and date are officially announced. The (ECOS Mobility & Hospitality IPO grey market premium) will be added to the IPO GMP page as it will start).
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