ECOS (INDIA) MOBILITY AND HOSPITALITY (MAINBOARD)
Aug 28, 2024 - Aug 30, 2024
| Price | ₹318 - ₹334 |
| Premium | ₹126 |
|---|---|
| Lot size | 44 |
| Allotment | Sep 2, 2024 |
| Listing | Sep 4, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 44 | 14696 | 143102 |
| sHNI | 14 | 616 | 205744 | 1461 |
| bHNI | 69 | 3036 | 1014024 | 2922 |
Last updated on 30-Aug-2024 18:37:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3600000 | 492674468 | 136.85 |
| HNIs | 2700000 | 192314320 | 71.23 |
| HNIs 10+ | 1800000 | 134382380 | 74.66 |
| HNIs 2+ | 900000 | 57931940 | 64.37 |
| Retail | 6300000 | 124695604 | 19.79 |
| Total | 12600000 | 809684392 | 64.26 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 2922 | 42114 | 14.41 |
| HNIs (2-10L) | 1461 | 89979 | 61.59 |
| Retail | 143102 | 2380686 | 16.64 |
| Total Applications: 2512779 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 120.24 | 16455.33 | 136.85 |
| FIIs | - | 3297.77 | - |
| DIIs | - | 9989.4 | - |
| Mutual funds | - | 583.04 | - |
| Others | - | 2409.3 | - |
| HNIs | 90.18 | 6423.3 | 71.23 |
| HNIs 10+ | 60.12 | 4488.37 | 74.66 |
| HNIs 2+ | 30.06 | 1934.93 | 64.37 |
| Retail | 210.42 | 4164.83 | 19.79 |
| Total | 420.84 | 27043.46 | 64.26 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹61.36 | @8% ₹70.13 | @9% ₹78.89 | @10% ₹87.66 | @11% ₹96.42 | @12% ₹105.19 |
ECO Mobility IPO Details
| Issue Size | 18,000,000 shares (aggregating up to ₹[601.2] Cr) |
| Offer for Sale | 18,000,000 shares of ₹2 (aggregating up to ₹[601.2] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 60,000,000 |
| Share holding post issue | 60,000,000 |
ECO Mobility IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 42.75% | 46.70% | 14.80% |
| ROCE | 42.88% | 40.90% | 19.07% |
| RONW | 42.75% | 46.70% | 14.80% |
| D/E | 0.12 | 0.29 | 0.05 |
| EPS (Diluted) | 10.42 | 7.27 | 1.65 |
| P/E Pre IPO | 32.05 | ||
| P/E Post IPO | 32.05 |
Company Financials
ECOS (India) Mobility & Hospitality Limited Financial Information (Restated Consolidated)
ECOS (India) Mobility & Hospitality Limited's revenue increased by 34% and profit after tax (PAT) rose by 43% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 296.66 | 229.71 | 112.38 | |||||||||||||||||||||||||||
| Revenue | 568.21 | 425.43 | 151.55 | |||||||||||||||||||||||||||
| Profit | 62.53 | 43.59 | 9.87 | |||||||||||||||||||||||||||
| Net Worth | 177.41 | 115.13 | 71.56 | |||||||||||||||||||||||||||
| Reserves | 165.41 | 115.07 | 71.5 | |||||||||||||||||||||||||||
| Borrowing | 21.72 | 32.95 | 3.34 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
About Company
ECOS (India) Mobility & Hospitality Limited, incorporated in February 1996, is a leading provider of chauffeur-driven car rental services in India, specializing in Corporate Chauffeured Rentals (CCR) and Employee Transportation Services (ETS). As of March 31, 2024, the company has established a significant presence across 109 cities in 21 states and four union territories, with a fleet of over 12,000 vehicles, including economy, luxury, and specialty cars such as limousines, vintage cars, and accessible transportation for people with disabilities. In Fiscal 2024, ECOS (India) Mobility served over 1,100 organizations, including prominent clients like InterGlobe Aviation Limited, HCL Corporation, Deloitte Consulting, and UrbanClap Technologies, completing more than 3,100,000 trips, averaging over 8,400 trips per day. The company also offers self-driven cars in major cities like Delhi, Gurugram, Mumbai, and Bengaluru. The operations team, consisting of 671 employees, is dedicated to ensuring real-time quality checks and resolving issues, contributing to the company's extensive and reliable service delivery across India.
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Market Leadership: India's largest and most profitable chauffeur-driven mobility provider, leading in revenue and profit after tax for Fiscal 2023.
Strong Customer Relationships: Established, long-standing partnerships with major corporations, creating synergies across business segments.
Extensive Pan-India Reach: Operates in 109 cities across the country, ensuring a widespread and reliable service network.
Service Standards Compliance: Failure to meet high service standards or contract terms could lead to cancellations, harming reputation and financial stability.
Vendor Dependence: Reliance on third-party vendors for vehicles and chauffeurs poses risks if relationships deteriorate or new partnerships aren't secured.
Revenue Concentration: Significant revenue from a few customers without long-term contracts risks business disruption if key clients terminate services.
Phone: +91-22-4918 6270
Email: ecorentacar.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html