ECOS Mobility IPO GMP, Price, Allotment, Profit Estimate 2024

ECOS Mobility IPO Description – ECOS Mobility and Hospitality is the largest and most profitable provider of chauffeur-driven mobility services to corporates in India. The company specializes in offering chauffeured car rentals (CCR) and employee transportation services (ETS), catering primarily to corporate clients.

As of 30 September 2023, ECOS Mobility and Hospitality operated across 109 cities in India, utilizing both its vehicles and those of vendors. The company’s services extend across 21 states and four union territories. In Fiscal 2023, ECOS Mobility catered to the CCR and ETS needs of over 750 corporate customers, completing more than 2,100,000 trips, averaging over 5,700 trips per day. Additionally, the company offers self-drive cars in Delhi, Gurugram, Mumbai, and Bengaluru.

ECOS Mobility and Hospitality operates a fleet of over 9,000 vehicles, ranging from economy to luxury cars, minivans, and luxury coaches. The company also offers specialty vehicles, including luggage vans, limousines, vintage cars, and accessible transportation for people with disabilities.

Promoters of ECOS Mobility and Hospitality – Rajesh Loomba, Aditya Loomba, Rajesh Loomba Family Trust, and Aditya Loomba Family Trust

ECOS Mobility IPO Details

ECOS Mobility IPO Dates	28 – 30 August 2024
ECOS Mobility Issue Price	Coming soon
Fresh issue	NIL
Offer For Sale	1,80,00,000 shares
Total IPO size	1,80,00,000 shares
Minimum bid (lot size)	Coming soon
Face Value	INR 2 per share
Retail Allocation	35%
Listing On	NSE, BSE

ECOS Mobility Financial Performance

	FY 2021	FY 2022	FY 2023	FY 2024
Revenue	103.81	147.34	422.68	554.41
Expenses	105.42	138.57	367.14	485.89
Net income	3.17	9.77	43.56	62.53
Margin (%)	3.05	6.63	10.30	11.29

Figures in INR Crores unless specified otherwise

ECOS Mobility and Hospitality Offer News

ECOS Mobility Valuations & Margins

	FY 2022	FY 2023	FY 2024 (Pre Issue)	FY 2024 (Post-Issue)*
EPS	1.65	7.27	10.42	10.42
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2021	FY 2022	FY 2023	FY 2024
RONW (%)	4.97	14.80	46.70	42.75
NAV	10.3	11.93	19.19	29.57
ROCE (%)	9.08	19.07	40.90	42.88
EBITDA (%)	15.16	12.25	16.50	16.23
Debt/Equity	0.24	0.05	0.29	0.12

*Compiled by IPO Central from Prospectus

ECOS Mobility IPO GMP Today (Daily Trend)

ECOS Mobility IPO Subscription – Live Updates

Coming soon

ECOS Mobility – Comparison With Listed Peers

ECOS Mobility IPO Allotment Status

ECOS Mobility IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

ECOS Mobility IPO Dates & Listing Performance

IPO Opening Date	28 August 2024
IPO Closing Date	30 August 2024
Finalization of Basis of Allotment	2 September 2024
Initiation of refunds	3 September 2024
Transfer of shares to demat accounts	3 September 2024
ECOS Mobility IPO Listing Date	4 September 2024
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

Angel One –
Anand Rathi –
Antique Stock Broking –
Ajcon Global –
Arihant Capital –
Axis Capital –
Ashika Research –
BP Wealth –
Capital Market –
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities –
Hensex Securities –
HDFC Securities –
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities –
Jainam Broking –
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities –
SBI Securities –
SMC Global –
SMIFS –
Systematix Research –
Swastika Investmart –
Ventura Securities –

ECOS Mobility and Hospitality Offer Lead Manager

EQUIRUS CAPITAL PRIVATE LIMITED
12th Floor, C Wing, Marathon Futurex,
N M Joshi Marg, Lower Parel,
Mumbai 400 013, Maharashtra
Phone: +91 22 4332 0735
Email: [email protected]
Website: www.equirus.com

ECOS Mobility and Hospitality Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 81081 149499
Email: [email protected]
Website: www.linkintime.co.in

ECOS (INDIA) MOBILITY & HOSPITALITY LIMITED
45, First Floor, Corner Market,
Malviya Nagar, New Delhi-110017
Phone: +91 11 41326436
Email: [email protected]
Website: www.ecosmobility.com

ECOS Mobility IPO FAQs

How many shares in ECOS Mobility IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for an ECOS Mobility Public Offer?

The best way to apply for ECOS Mobility public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.