ECOS Mobility IPO Details: The ECOS Mobility & Hospitality IPO is set to open on August 28, 2024, and will close on August 30, 2024. This IPO, structured as a book-built issue, aims to raise approximately ₹601.20 crores. It includes a fresh issue of ₹[.] crores and an offer for sale of up to 18,000,000 equity shares, each with a face value of ₹2.
The price band for the ECOS Mobility & Hospitality IPO is set between ₹318 and ₹334 per share. The allocation is divided into 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs). The shares are scheduled to list on the NSE and BSE on September 4, 2024, with allotment expected on September 2, 2024.
In terms of financial performance, the company reported a revenue of ₹568.21 crores in 2024, compared to ₹425.43 crores in 2023. The profit in 2024 was ₹62.53 crores, a significant improvement from a loss of ₹43.59 crores in 2023. Given the financial trajectory, long-term investment in this IPO could be considered promising.
ECOS Mobility IPO Objectives:
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 IPO Review (Apply or Not)
- May Apply
ECOS Mobility IPO Date & Price Band 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 Lot Size:
The minimum market lot for the ECOS Mobility & Hospitality IPO is set at 44 shares, requiring an application amount of ₹14,696. Retail investors have the option to apply for up to 13 lots, which equates to 572 shares, with a total investment of ₹191,048.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 44 | ₹14,696 |
| Retail Maximum | 13 | 572 | ₹191,048 |
| S-HNI Minimum | 14 | 616 | ₹205,744 |
| B-HNI Minimum | 69 | 3,036 | ₹1,014,024 |
ECOS Mobility IPO Timeline:
The ECOS Mobility & Hospitality IPO will open on August 28 and close on August 30. The allotment of shares will be finalized on September 2, with the IPO listing scheduled for 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 |
ECOS Mobility IPO GMP Today:
The last Grey Market Premium (GMP) for the ECOS (India) Mobility IPO stands at ₹51. With a price band capped at ₹334.00, the estimated listing price is around ₹385, combining the cap price with today’s GMP. This suggests an expected gain of approximately 15.27% per share.
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 Ended | Revenue | Expense | Profit After Tax | Assets |
| 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.
| KPI | Values |
| 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
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| ECOS Mobility & Hospitality | 10.42 | NA | 42.75 | 29.57 | 5,68.21 Cr. |
| Wise Travel India Ltd | 12.79 | 20.82 | 15.62 | 89.52 | 4,14.09 Cr. |
| Shree OSFM EMobility Ltd | 7.02 | 23.73 | 15.24 | 58.64 | 1,19.06 Cr. |
ECOS Mobility & Hospitality IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ecorentacar.ipo@linkintime.co.in
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: legal@ecorentacar.com
Website: https://www.ecosmobility.com/
ECOS Mobility & Hospitality IPO FAQs
1. What are the ECOS Mobility & Hospitality IPO open and close dates?
The ECOS Mobility & Hospitality IPO will open on August 28, 2024, and close on August 30, 2024.
2. What is the price band for the ECOS Mobility & Hospitality IPO?
The price band for the ECOS Mobility & Hospitality IPO is set between ₹318 and ₹334 per share.
3. What is the minimum investment required for retail investors?
The minimum market lot is 44 shares, requiring an investment of ₹14,696.
4. How many shares can a retail investor apply for?
Retail investors can apply for up to 13 lots, which equals 572 shares, with a total investment of ₹191,048.
5. What is the allotment date for the ECOS Mobility & Hospitality IPO?
The allotment of shares will be finalized on September 2, 2024.
6. When will the ECOS Mobility & Hospitality IPO be listed?
The shares are scheduled to be listed on the NSE and BSE on September 4, 2024.
7. What is the Grey Market Premium (GMP) for the ECOS Mobility & Hospitality IPO?
As of August 24, 2024, the last reported GMP is ₹51.
8. What is the estimated listing price based on the current GMP?
Based on the current GMP of ₹51 and the cap price of ₹334, the estimated listing price is around ₹385 per share.
9. What is the expected gain per share for investors?
The expected gain per share, based on the current GMP, is approximately 15.27%.
10. What are the financials of ECOS Mobility & Hospitality?
The company reported a revenue of ₹568.21 crores in 2024, up from ₹425.43 crores in 2023. It also posted a profit of ₹62.53 crores in 2024, a significant turnaround from a loss of ₹43.59 crores in 2023.
11. Should I consider investing in the ECOS Mobility & Hospitality IPO for the long term?
Given the company’s strong financial recovery and growth, long-term investment in the ECOS Mobility & Hospitality IPO could be promising.
