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TCS, HDFCBANK, SBI Liquid Fund (G)
Ecos (India) Mobility & Hospitality Ltd.

Symbol

Equity

NSE,BSE

Min. Investment

3,18,000.00

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IPO Details

Bidding Dates

28 Aug 24 - 30 Aug 24

Price Range ₹

318 - 334

Total Equity

601.20Cr

Lot Size

44

Exchange Status

NSE,BSE

IPO Doc

Subscription Rate

Non-Institutional Investor

19.79×

Qualified Institutional Buyers

136.85×

Employees

0.00×

Retail Investors

19.79×

Total subscription Rate

64.26×

IPO Timeline

Offer start

28 Aug 2024

Offer end

30 Aug 2024

Allotment

02 Sept 2024

Refund initiation

03 Sept 2024

Demat transfer

03 Sept 2024

Listing

04 Sept 2024

About Company

Established: February 1996 Business: Chauffeur-driven car rentals (CCR) and employee transportation services (ETS)   Market Reach: Operates in 109 cities across 21 states and 4 union territories in India (as of March 31, 2024)   Served over 1,100 organizations in India during Fiscal 2024   Services: Primarily focuses on CCR and ETS for corporate clients, including Fortune 500 companies.   Offers self-driven car rentals in select cities (Delhi, Gurugram, Mumbai, Bengaluru)   Fleet size: Over 12,000 cars, including: * Economy, luxury, and minivans * Specialty vehicles (luggage vans, limousines, vintage cars, accessible vans)   Clientele: Includes prominent companies like Indigo, HCL, Safexpress, Deloitte, Urban Company, IndusInd Bank, HDFC Life, Thomas Cook, Grant Thornton, Walmart Global Tech, and more. Operations Team: Dedicated team of 671 employees as of March 31, 2024, responsible for real-time quality checks and issue resolution.

Year Founded

15-02-1996

Promotor Details

Rajesh Loomba

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage97.7567.75
Share Capital5864998640649986

Offer to Public

1,80,00,000.00 Cr

Project Details

  • Fees payable to the BRLMs - 212.82cr
  • (iii) Printing and distribution of Offer stationery - 9.69cr
  • Fees payable to the Registrar to the Offer - 35.75cr
  • (i) Fees payable to legal counsel, statutory auditor, independent - 35.75cr
  • (iv) Advertising and marketing expenses for the Offer - 19.59cr
  • (v) Miscellaneous - 57.41cr
  • (ii) Listing fees, SEBI filing fees, book building software fees and - 49.43cr
  • Brokerage, selling commission, upload fees, processing fees and - 24.75cr

Objectives

  • (i) achieve the benefits of listing the Equity Shares on the Stock Exchanges
  • (ii) carry out the Offer for Sale of 18,000,000# Equity Shares aggregating to ?6,00 million# by the Selling Shareholders

Highlights

  • ECO Mobility's operations span across 109 cities in India, demonstrating a strong market presence.
  • The company offers a wide range of vehicles, catering to various customer needs and preferences.
  • ECO Mobility serves a diverse range of industries, including leading corporations, indicating its reliability and market acceptance.
  • The company has exhibited steady growth in revenue and profitability over the past few years.
  • The company's ability to maintain a large fleet and serve a diverse customer base efficiently is a testament to its operational efficiency.

Challenges

  • The company's reliance on vendors for vehicles and chauffeurs exposes it to supply chain risks.
  • A significant portion of revenue comes from a few key customers, making the company vulnerable to customer churn.
  • The ETS business segment's reliance on GCCs could be impacted by economic downturns.
  • The company's revenue is tied to long-term customer contracts, which could be terminated, affecting financial stability.
  • Ongoing litigation poses potential financial risks and could impact operations.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20211,043.680.60435.91435.917.2652
20232,401.200.6098.7198.721.6453
20243,132.38120.0098.7198.721.6453
20221,091.260.60435.91435.917.2652
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