ECO Mobility IPO (ECOS (India) Mobility & Hospitality Limited IPO)
ECO Mobility IPO open for bidding on 28th August 2024 and ends on 30th August 2024.
Ecos (India) Mobility & Hospitality Limited has emerged as a leading entity in India’s mobility and hospitality sectors. Established in 1996 as ET Trav-Aides Private Limited, the company rebranded in 2008 to reflect its expanded business focus. With its headquarters in New Delhi, Ecos Mobility draws on over two decades of industry experience, establishing itself as a reliable partner in delivering a broad spectrum of services.
The company’s core operations center on mobility solutions, including car rentals, fleet management, and a range of transportation services. Known for its reliability and efficiency, Ecos Mobility caters to both corporate clients and individual customers, providing customized transportation solutions. This focus has helped the company build a strong market reputation and reinforce its position as a key player in the mobility sector.
Beyond mobility, Ecos Mobility has strategically diversified into the hospitality industry, further broadening its service offerings. This expansion enhances customer experience and opens new revenue streams, contributing to the company’s overall growth. By integrating mobility and hospitality, Ecos Mobility has created a comprehensive service ecosystem, capitalizing on the synergies between these interconnected sectors.
For more details refer to ECO Mobility IPO RHP and ECO Mobility IPO Pulse Score
ECO Mobility IPO Details
| IPO Date | 28th August 2024 to 30th August 2024 |
| Listing Date | 4th September 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹318 to ₹334 per share |
| Lot Size | 44 Shares |
| Total Issue Size | 1,80,00,000 shares (aggregating up to ₹601.20 Cr) |
| Offer for Sale | 1,80,00,000 shares of ₹2 (aggregating up to ₹601.20 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 54,00,000(30%) |
| QIB | 36,00,000(20%) |
| NII | 27,00,000(15%) |
| bNII | 18,00,000(10%) |
| sNII | 9,00,000(5%) |
| Retail | 63,00,000(35%) |
| Total | 1,80,00,000(100%) |
ECO Mobility IPO Timeline
| IPO Open | 28th August 2024 |
| IPO Close | 30th August 2024 |
| Basis Of Allotment | 2nd September 2024 |
| Initiation of Refunds | 3rd September 2024 |
| Credit of Shares to Demat | 3rd September 2024 |
| Listing Date | 4th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹2004 Cr | P/E Ratio- Pre IPO | 32.05 |
| RoNW | 42.75% | P/E Ratio- Post IPO | 32.05 |
| RoCE | 42.88% | P/B Ratio | 11.3 |
| Debt to Equity | 0.12 | PAT Margin% | 11.00% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
ECO 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.
Leave a Reply