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Ecos (India) Mobility & Hospitality Ltd

Miscellaneous

Offer Period :

28th to 30th Aug 2024

Incorporated in February 1996, ECOS (India) Mobility & Hospitality Limited is a leading chauffeur-driven car rental and employee transportation service provider in India. The company operates in 109 cities Read more...across 21 states and four union territories, serving over 1,100 organizations, including Fortune 500 companies. In Fiscal 2024, ECOS completed over 3.1 million trips, averaging 8,400 daily. The company has a fleet of over 12,000 vehicles, offering services in Delhi, Gurugram, Mumbai, and Bengaluru. As of March 31, 2024, ECOS employed 671 people for critical operations. Read less

Ecos (India) Mobility & Hospitality Ltd IPO Details

IPO Date 28th to 30th Aug 2024 Minimum Investment ₹14696 / 1 Lots
Listing Date 2024-09-04 Maximum Investment ₹191048 / 13 Lots
Face Value ₹2 per share Total Issue Size ₹601.2 Crores
Price ₹334 to ₹334 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (44 Shares) Offer For Sale ₹ 601.2
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 28th to 30th Aug 2024
Listing Date 2024-09-04
Face Value ₹2 per share
Price ₹334 to ₹334 per share
Lot Size 1 Lots (44 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14696 / 1 Lots
Maximum Investment ₹191048 / 13 Lots
Total Issue Size ₹601.2 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

28th Aug

IPO Starts

30th Aug

IPO Ends

2nd Sep

Allotment Date

3rd Sep

Initiation of Refund

3rd Sep

Credit of Shares to Demat Account

4th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 97.75 0
Public Group 2.25 0

Ecos (India) Mobility & Hospitality Ltd IPO Reservation

QIB Shares Offered 3600000(20%)
NII (HNI) Shares Offered 2700000(15%)
Retail Shares Offered 6300000(35%)
Anchor Investor Shares Offered 5400000(30%)
Total Shares Offered 18000000
Total Shares With Anchor Investor 18000000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Ecos (India) Mobility & Hospitality Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number 91-81081 14949
Email Id ecorentacar.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Ecos (India) Mobility & Hospitality Ltd IPO Lead Manager

1. Equirus Capital Pvt Ltd

2. IIFL Securities Ltd

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Ecos (India) Mobility & Hospitality Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Ecos (India) Mobility & Hospitality Ltd

1. India's largest and most profitable chauffeur driven mobility provider in a growing chauffeur driven mobility provider market in terms of revenue from operations and profit after tax for Fiscal 2023.

2. Long-standing customer relationships with business synergies across business segments.

3. Pan-India presence with operations in 109 cities in India.

4. Established brand built over years through operational excellence.

5. Comprehensive technology ecosystem enabling operational superiority.

6. Robust financials with consistent performance.

Risks Involved

1. The company is measured against high quality service standards and governed by the terms and condition of its contracts with the company customers. Any failure by it to comply with these standards or the terms and conditions may lead to the cancellation of existing and future bookings, which could adversely affect its reputation, business, results from operations, financial conditions and cash flows.

2. Its business depends on the company relationships with vendors who supply vehicles and chauffeurs to its, and any adverse changes in such relationships, or its inability to enter into new relationships, could adversely affect the company business and results of operations.

3. The company derives a significant part of its revenue from some customers, and the company does not have long term contracts with all of these customers. If one or more of such customers choose not to utilise its services or to terminate the company contracts or agreements, its business, cash flows, financial condition and results of operations may be adversely affected.

4. Any downturn in Global capability centres ("GCC") would create an adverse impact on its revenue from customers in the ETS business segment, cash flows and financial conditions.

5. Misconduct by its employees and contracted chauffeurs may be difficult to detect and could harm the company brand and its reputation, or adversely affect the company's business prospects, results of operations and financial condition.

6. Its brand image is integral to the company's success and if the company is unable to effectively maintain, promote and enhance its brand, the company's business and reputation may be adversely affected.

7. The company incur significant expenditure towards its vendors and vehicle operation expenses. Any increase in factors affecting the pricing of the services provided by its vendors or cost of operating the company vehicles may have an adverse impact on its business, financial conditions and results of operations.

8. Intense competition in the chauffeur driven mobility provider industry could affect its pricing, which could consequently decrease the company revenues and profitability.

9. The company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will receive the Net Proceeds from the Offer for Sale.

10. The company has long standing relationships with some of its customers which also contribute significantly to its revenue from operations. If one or more of such customers choose to terminate its contracts, the company's business, financial condition and results of operations may be adversely affected.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 296.66 229.71 112.38
Total Liabilities 296.66 229.71 112.38
Total Expenses 485.89 367.14 138.57
Total Revenue 
568.21 425.43 151.55
Profit After Tax 62.53 43.59 9.87
EBITDA 103.76 72.48 22.26
Adjusted EBITDA 0 0 0

Ecos (India) Mobility & Hospitality Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-04 544239 ECOSMOBLTY
INE06HJ01020
₹334 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹334 ₹334
Open ₹391.3 ₹390
Low ₹380.1 ₹380
High ₹456 ₹456
Low ₹380.1 ₹380

Frequently Asked Questions

What is Ecos (India) Mobility & Hospitality Ltd IPO?

Answer Field

Ecos (India) Mobility & Hospitality Ltd IPO is a Mainboard IPO of 1,80,00,000 equity shares of a face value of ₹2 aggregating up to ₹601.2 Crores. The issue is priced at ₹334 to ₹334 per share. The minimum order quantity is 44 Shares. The IPO opens on August 28, 2024, and closes on August 30, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Ecos (India) Mobility & Hospitality Ltd IPO will open?

Answer Field

The Ecos (India) Mobility & Hospitality Ltd IPO opens on August 28, 2024 and closes on August 30, 2024.

What is the lot size of Ecos (India) Mobility & Hospitality Ltd?

Answer Field

Ecos (India) Mobility & Hospitality Ltd lot size is 44 shares, and the minimum amount required is ₹14,696.

How to apply for Ecos (India) Mobility & Hospitality Ltd IPO?

Answer Field

You can apply in Ecos (India) Mobility & Hospitality Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Ecos (India) Mobility & Hospitality Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Ecos (India) Mobility & Hospitality Ltd IPO will be done on September 02, 2024, and the allotted shares will be credited to your demat account by September 03, 2024.

When is Ecos (India) Mobility & Hospitality Ltd IPO listing date?

Answer Field

The Ecos (India) Mobility & Hospitality Ltd listing date is September 04, 2024.

Who is the registrar of Ecos (India) Mobility & Hospitality Ltd IPO?

Answer Field

The registrar of Ecos (India) Mobility & Hospitality Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Equirus Capital Pvt Ltd,IIFL Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Ecos (India) Mobility & Hospitality Ltd IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Ecos (India) Mobility & Hospitality Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 44 shares and ₹14,696 amount.

How can I approve the UPI mandate request for Ecos (India) Mobility & Hospitality Ltd IPO?

Answer Field

To apply for Ecos (India) Mobility & Hospitality Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Ecos (India) Mobility & Hospitality Ltd?

Answer Field

The price of each Ecos (India) Mobility & Hospitality Ltd share will be ranging in between ₹334 to ₹334 per share.

What is the cut-off time for the UPI mandate for Ecos (India) Mobility & Hospitality Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 30, 2024.

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