ECOS (INDIA) MOBILITY AND HOSPITALITY
Bookbuilding IPO · NSE, BSE
- Price band
- ₹318 - ₹334
- Lot size
- 44 shares
- Issue amount
- ₹601.2 cr
- Total subscription
- 64.26×
- Opens
- 28 Aug 2024
- Closes
- 30 Aug 2024
- Allotment
- 2 Sept 2024
- Listing
- 4 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 1,80,00,000 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹13,992
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹601.2 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,696
- Issue type
- Bookbuilding IPO
- Shares before issue
- 6,00,00,000
- Shares after issue
- 6,00,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 44 | ₹14,696 |
| sHNI | 14 | 616 | ₹2,05,744 |
| bHNI | 69 | 3,036 | ₹10,14,024 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 2,922 | 42,114 |
| HNIs (2-10L) | 1,461 | 89,979 |
| RETAIL | 1,43,102 | 23,80,686 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 120.24 | 16,455.33 |
| RETAIL | 210.42 | 4,164.83 |
| HNIs 2+ | 30.06 | 1,934.93 |
| HNIs 10+ | 60.12 | 4,488.37 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 10.42 | 7.27 | 1.65 |
| ROE | 42.75 | 46.7 | 14.8 |
| ROCE | 42.88 | 40.9 | 19.07 |
| RONW | 42.75 | 46.7 | 14.8 |
| PRE IPO(PE) | 32.05 | 0 | 0 |
| POST IPO(PE) | 32.05 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in February 1996, ECOS (India) Mobility & Hospitality Limited 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, it operates across 109 cities in 21 states and four union territories with a fleet of over 12,000 vehicles, including economy, luxury, and specialty cars. In Fiscal 2024, the company served over 1,100 organizations, completing more than 3.1 million trips, and also offers self-driven cars in major cities. Supported by 671 employees, ECOS ensures real-time quality checks and reliable service delivery nationwide.
Strengths
- Market Leader: India's biggest and most profitable chauffeur-driven mobility service, topping both revenue and profit charts in Fiscal 2023.
- Trusted by Top Companies: Long-standing partnerships with major corporations, boosting growth across business segments.
- Nationwide Presence: Operating in 109 cities, offering a wide and reliable service network across India.
Risk factors
- Service Quality Risk: If the company doesn't maintain high service standards or fulfill contract terms, customers might cancel services, which could hurt its reputation and financial stability.
- Vendor Dependence Risk: The company relies on third-party vendors for vehicles and chauffeurs. If these partnerships face issues or aren't replaced in time, service quality and operations could be affected.
- Revenue Dependence Risk: A large portion of revenue comes from a few key customers without long-term contracts. If any of these clients stop using the service, it could significantly impact the business.
Promoters
Dilipkumar Ratilal Patel
Chirag Chandulal Patel
Pankaj Shantilal Dadhaniya
Ravi Pankajkumar Patel
A. International Private Limited
Registrar & documents
Lead manager
Equirus Capital Private Limited, IIFL Capital Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Saket Ind. Estate, Plot No. 30/31, Sarkhej Bavla Highway, Village Moraiya, Changodar, Ahmedabad - 382213
+91 9909988266
[email protected]Company website ↗Understanding ECOSMOBLTY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.