
Complete IPO details, including price band, financials, subscription status, and key insights.
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Key metrics and details at a glance.

Price Band
₹334
Per Share
Lot Size
44 Shares

Minimum Investment
₹14,696

Issue Size
₹601.2 Cr

Face Value
₹2
Per Share
IPO Type
Book Building

Retail Quota
35%

QIB Quota
50%

NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.75%
Issue Type
Book Building
ISIN
INE06HJ01020
Ecos (India) Mobility & Hospitality Limited is primarily engaged in the business of providing chauffeured car rentals ("CCR") and employee transportation services ("ETS") and has been providing these services to corporate customers, including Fortune 500 companies in India, for more than 25 years. The CCR segment is a B2B2C business, where its customers are corporate companies, and the end consumer is an employee, visitor or client of these corporate companies. Through its ETS segment, The Company offers customers with solutions to manage their employee ground transportation. The Company is the largest and most profitable chauffeur driven mobility provider to corporates in India, in terms of revenue from operations and profit after tax for Fiscal 2023.
The market for ETS in India is US$ 6.1 billion in Fiscal 2023. Organized players hold an estimated 15% market share of the total ETS market in India (as of CY2023). Further, the market for CCR in India is US$ 4.7 billion in Fiscal 2023. The organized segment in the CCR market is estimated to hold a share at about 25% of total market (as of CY2023). The market growth in the ETS and CCR segments is fuelled by transition from remote work to in-office work, rise in corporate air travel, expansion of office space and expansion of tier-II and tier-III cities, and enhanced efficiency by consolidating car rental and employee transportation services with a single or fewer vendors providing centralised solutions for nationwide coverage. The corporate car rental market in India has grown from a revenue of Rs.315.6 billion in CY 2021 to Rs.392.4 billion in CY 2023. The employee transportation service market in India has grown from a revenue of Rs.398.2 billion in CY 2021 to Rs.503.5 billion in CY2023.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 18,000,000 equity shares of face value of Rs. 2 each ("Equity Shares") of Ecos (India) Mobility & Hospitality Limited ("The Company" or the "Issuer") for cash at a price of Rs. 334.00 per equity share ("Offer Price") aggregating to Rs. 601.20 crores (the "Offer"). The offer comprises of an offer for sale of 18,000,000 equity shares of face value Rs. 2 each (the "Offered Shares") aggregating to Rs. 601.20 crore, including 9,900,000 equity shares of face value Rs. 2 each aggregating to Rs. 330.66 crores by Rajesh Loomba and 8,100,000 equity shares of face value Rs. 2 each aggregating to Rs. 270.54 crores by Aditya Loomba ("Selling Shareholders") (the "Offer for Sale"). The offer constitutes 30.00# % of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 2 each and the offer price is 167 times the face value of the equity shares.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Ecos (India) Mobility & Hospitality Limited was originally incorporated as "ET TRAV-AIDES Private Limited" a private limited company under the Companies Act, 1956 through certificate of incorporation dated February 15, 1996, issued by the RoC. Thereafter, the name of the Company was changed to "Ecos (India) Mobility & Hospitality Private Limited" pursuant to a Board resolution dated August 08, 2008 and a special resolution passed in the extra ordinary general meeting of the Shareholders held on August 12, 2008 and consequently a fresh certificate of incorporation dated September 23, 2008 was issued by the RoC to reflect the change in name. Thereafter, the name of the Company was changed to "Ecos (India) Mobility & Hospitality Limited" upon conversion to a public limited company pursuant to a Board resolution dated February 29, 2024 and a resolution passed in the extra-ordinary general meeting of the Shareholders held on February 29, 2024 and consequently a fresh certificate of incorporation dated March 22, 2024, was issued by the RoC.
Corporates, including Fortune 500 companies in India
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.