Ecos (India) Mobility & Hospitality Limited is coming up with an IPO with an offer to sell 1.8 crore shares worth INR 601.20 crores. The company aims to list equity shares to enhance visibility, brand image, and liquidity, with proceeds benefiting the selling shareholders.
ECOS Mobility & Hospitality IPO – Important Dates
| ECOS (India) Mobility & Hospitality Limited IPO Date | August 28, 2024 to August 30, 2024 |
| ECOS (India) Mobility & Hospitality Limited IPO Listing Date | September 4, 2024 |
| ECOS (India) Mobility & Hospitality Limited IPO Price | INR 318-334 per share |
| ECOS (India) Mobility & Hospitality Limited IPO Lot Size | 44 Shares |
| ECOS (India) Mobility & Hospitality Limited IPO Total Issue Size | INR 601.20 crores |
| ECOS (India) Mobility & Hospitality Limited IPO Basis of Allotment | September 2, 2024 |
| ECOS (India) Mobility & Hospitality Limited IPO Initiation of Refunds | September 3, 2024 |
| ECOS (India) Mobility & Hospitality Limited IPO Credit of Shares to Demat | September 3, 2024 |
| ECOS (India) Mobility & Hospitality Limited IPO Issue Type | Book Built Issue IPO |
| ECOS (India) Mobility & Hospitality Limited IPO Listing At | BSE, NSE |
Ecos (India) Mobility & Hospitality Limited IPO – Company Profile
ECOS (India) Mobility & Hospitality Limited is India’s largest and most profitable corporate chauffeur-driven mobility provider, offering chauffeured car rentals, employee transportation services, and global car rental solutions with a vast fleet and extensive pan-India presence.
Through the synergy of CCR and ETS, customers benefit from a comprehensive corporate transportation solution. Both segments target distinct needs but share systems and administrative infrastructure, offering seamless experiences while enabling cross-selling.
They leverage technology to enhance corporate transportation services, offering custom booking tools, mobile apps, and an integrated management system, enabling efficient operations, improved service offerings, and expanded CCR services across 94 Indian cities.
ECOS (India) Mobility & Hospitality Ltd IPO Fundamental Analysis
ECOS (India) Mobility & Hospitality Limited Technologies’ financial analysis reveals a mixed performance. Revenue has significantly increased, equity and liabilities show growth with reduced debt reliance, profitability, and EPS have improved, while RoNW has risen and liquidity is weakening.
- Revenue Trend: The revenue increased from ₹1,473.44 millions in March 2022 to ₹4,226.76 millions in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 5,544.11 millions.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹98.71 millions in March 2022 to ₹625.31 millions by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹1.65 in March 2022 to ₹10.42 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 14.80% to 42.75%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
ECOS Mobility & Hospitality IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in millions) | 1,473.44 | 4,226.76 | 5,544.11 |
| Equity (₹ in millions) | 715.64 | 1,151.25 | 1,774.12 |
| Expenses (₹ in millions) | 1,385.65 | 3,671.38 | 4,858.88 |
| Profit and Loss After Tax (₹ in millions) | 98.71 | 435.91 | 625.31 |
| Diluted EPS only (₹) | 1.65 | 7.27 | 10.42 |
| Return on Net Worth (%) | 14.80 | 46.70 | 42.75 |
| NAV per Equity Share (₹) | 11.93 | 19.19 | 29.57 |
| Total Assets (in millions) | 1,123.84 | 2,297.05 | 2,966.59 |
| Total Liabilities (in millions) | 408.20 | 1,145.80 | 1,192.47 |
| Debt Equity Ratio | 0.05 | 0.29 | 0.12 |
| Current Ratio (in times) | 2.43 | 1.93 | 2.35 |
| Inventory Turnover Ratio | NA | 35.11 | 2.08 |
Ecos (India) Mobility & Hospitality Limited IPO Peer Comparison
Ecos (India) Mobility & Hospitality Limited shows strong performance with high revenue, EPS, and RoNW. Wise Travel India Limited has substantial revenue and solid profitability metrics. Shree OSFM E-Mobility Limited demonstrates significant revenue and earnings with good RoNW.
| Company | Type of financial | Total Income (₹ in millions) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in millions) |
| Ecos (India) Mobility & Hospitality Limited | Consolidated | 5,682.05 | 2 | – | 10.42 | 42.75 | 29.57 |
| Wise Travel India Limited | Consolidated | 4,140.87 | 10 | 20.82 | 12.79 | 15.62 | 89.52 |
| Shree OSFM E-Mobility Limited | Standalone | 1,190.59 | 10 | 23.73 | 7.02 | 15.24 | 58.64 |
ECOS (India) Mobility & Hospitality Ltd IPO Objective
The main objective of Ecos (India) Mobility & Hospitality Limited is to list equity shares to enhance visibility, brand image, and liquidity, with proceeds benefiting the selling shareholders.
Ecos (India) Mobility & Hospitality Limited IPO Risks And Challenges
Ecos (India) Mobility & Hospitality Limited’s risk includes potential booking cancellations due to service non-compliance, disruptions from non-exclusive vendor agreements, and adverse effects on revenue from factors impacting GCCs like economic conditions and regulatory issues.
- Failure to meet high service standards or contract terms may result in booking cancellations, negatively impacting the company’s reputation, business, financial performance, and cash flows. Compliance is crucial for maintaining operational success and customer trust.
- Non-exclusive vendor agreements are subject to termination without cause, potentially disrupting fleet supply and service. Changes in vendor relationships or shifts to exclusive arrangements may adversely affect their operations and revenue.
- Adverse factors affecting GCCs, such as marketing failures, strategic changes, economic conditions, or regulatory issues, could reduce customer spending on their services, impacting their revenue, business performance, and financial health.
ECOS (India) Mobility & Hospitality Ltd IPO – Industry & Market Potential
The road transport sector, part of the transport and services group, grew at an annual average of 11.7% from FY2015 to FY2023, reaching $100.5 billion, with a projected $184.7 billion by FY2030.
The services sector GDP is expected to grow from $1,774 billion in FY2024 to $3,404 billion by FY2030, with a CAGR of 9.8%. The financial, real estate, and professional services segment will lead this growth.
The global corporate mobility market is set to grow steadily, with a 9.6% CAGR from CY2023 to CY2030. Employee transportation services will reach $56.4 billion, while corporate car rentals will reach $107.7 billion. India leads with a 10.7% CAGR.
ECOS Mobility & Hospitality IPO – Type of Offer
Ecos (India) Mobility & Hospitality Limited is coming up with an offer to sell 1.8 crore existing shares. The following are the details of the existing shareholders who are also the promoters selling the shares:
| Name of the promoter selling shareholder | Maximum number of offered shares for sale |
| Rajesh Loomba | 9,900,000 |
| Aditya Loomba | 8,100,000 |
ECOS Mobility & Hospitality IPO Offer Size
The offer size of Ecos (India) Mobility & Hospitality Limited is INR 601.20 crores, consisting of an offer to sell 1.8 crore shares worth INR 601.20 crores. The company aims to list equity shares to enhance visibility, brand image, and liquidity, with proceeds benefiting the selling shareholders.
Ecos (India) Mobility & Hospitality Limited IPO Allotment Structure
ECOS (India) Mobility & Hospitality Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for ECOS (India) Mobility & Hospitality IPO?
To apply for the ECOS (India) Mobility & Hospitality Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the ECOS (India) Mobility & Hospitality Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the ECOS (India) Mobility & Hospitality Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check ECOS (India) Mobility & Hospitality IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the ECOS (India) Mobility & Hospitality Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the ECOS (India) Mobility & Hospitality Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the ECOS (India) Mobility & Hospitality Limited IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the ECOS (India) Mobility & Hospitality Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
ECOS (India) Mobility & Hospitality Ltd IPO Offer Registrar
The registrar for the ECOS (India) Mobility & Hospitality Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
LINK INTIME INDIA PRIVATE LIMITED
C- 101, 1st Floor, 247 Park, L.B.S Marg,
Vikhroli (West), Mumbai – 400083,
Maharashtra, India
Telephone: +91 810 811 4949,
Email: [email protected]
Website: www.linkintime.co.in
ECOS (India) Mobility & Hospitality IPO – FAQs
1. What is the allotment date of the ECOS (India) Mobility & Hospitality IPO?
The allotment date of the ECOS (India) Mobility & Hospitality Limited IPO is September 2, 2024.
2. What is the price band of the ECOS (India) Mobility & Hospitality IPO?
The price band of the issue is INR 318-334 per share.
3. What is the size of the ECOS (India) Mobility & Hospitality IPO?
The offer size of Ecos (India) Mobility & Hospitality Limited is INR 601.20 crores, consisting of an offer to sell 1.8 crore shares worth INR 601.20 crores. The company aims to list equity shares to enhance visibility, brand image, and liquidity, with proceeds benefiting the selling shareholders.
4. What is the listing date of the ECOS (India) Mobility & Hospitality IPO?
The listing date of ECOS (India) Mobility & Hospitality Limited’s IPO is September 4, 2024.
