The largest and most profitable chauffeur driven mobility provider company ECO Mobility IPO will be hit the market August 28, 2024, and closes on August 30, 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹601.20 crore through IPO via Offer for sale.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
ECOS (India) Mobility & Hospitality Limited is the largest and most profitable chauffeur-driven car rental service provider in India. The company is 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. You can check ECO Mobility IPO GMP here.
The company provided CCR and ETS to 42 Fortune 500 companies and 60 BSE 500 companies, among others, in India. The company has a pan-India presence in 109 cities through our vehicles and vendors, spread across 21 states and four union territories in India. The company’s operations in 97 cities in India are conducted through vendors. In Fiscal 2024, we serviced the CCR and ETS requirements of more than 1,100 organizations in India. In Fiscal 2024, through our CCR and ETS segments.
The company has completed more than 3,100,000 trips averaging at more than 8,400 trips in a day. We also address the global car rental requirements of our corporate customers, through our global network of vendors with our capability of providing CCR services in over 30 countries. The company also provides cars on a self-drive basis in the cities of Delhi, Gurugram, Mumbai, and Bengaluru. You can check ECO Mobility IPO subscription status here.
Object Of the Issue :
- The company will not directly receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders.
Company Strengths :
- India’s largest and most profitable chauffeur-driven mobility provider in a growing chauffeur-driven mobility provider market in terms of revenue from operations and profit after tax for Fiscal 2023Long-standing customer relationships with business synergies across business segments.
- Pan-India presence with operations in 109 cities in India.
- An established brand built over years through operational excellence.
- Comprehensive technology ecosystem enabling operational superiority.
- Robust financials with consistent performance.
ECO Mobility IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : |
₹62.53 Cr ₹334 /EQ 10.42 32.05x 42.75 % 42.75 % 42.88 % 0.12 ₹29.57 ₹296.66 Cr ₹2004.00 Cr 97.75 % 67.75 % |
| Team Review : | ✔ Apply For Long Term |
👉 ECO Mobility IPO Show Review ….👈
- ■ The company chauffeur driven car rental service provider in India.
- ■ The company top line & bottom line posted strong growth.
- ■ The PE ratio of the company is very attractive.
- ■ The company Issue price is aggressive based on the FY24 earning but the company growth line is clear.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
ECO Mobility IPO Date & Price Band & Details :
| IPO Open : | August 28, 2024 |
| IPO Close : | August 30, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹2 Equity Share |
| Price Band : | ₹318 – ₹334 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹601.20. Cr {18,000,000 Shares} |
| Offer For Sale : | ₹601.20. Cr {18,000,000 Shares} |
| Reserved Quota : | [QIB: 50%] [NII: 15%] [RII: 35%] |
ECO Mobility IPO Market Lot :
ECO Mobility IPO Minimum Market lot is 1 Lot with 44 shares with ₹14,696 Application amount. Retail investors can apply for up to 13 lots with 572 Shares or ₹191,048 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 44 | ₹14696 |
| Retail Maximum : | 13 | 572 | ₹191,048 |
| S-HNI Minimum : | 14 | 616 | ₹205,744 |
| S-HNI Maximum : | 68 | 2992 | ₹999,328 |
| B- HNI Minimum : | 69 | 3036 | ₹1,014,024 |
ECO Mobility IPO EPS & RoNW :
| Year | EPS (₹) | RoNW % | NAV (₹) |
| 2024 | 10.42 | 42.75 | 29.57 |
| 2023 | 7.27 | 46.70 | 19.19 |
| 2022 | 1.65 | 14.80 | 11.93 |
ECO Mobility IPO Peer Comparison PE :
| Company | PE | EPS | RoNW | NAV |
| Wise Travel | 20.82 | 12.79 | 15.62 | 89.52 |
| Shree OSFM EMobility | 23.73 | 7.02 | 15.24 | 58.64 |
ECO Mobility IPO Dates :
| Open Date : | August 28, 2024 |
| Close Date : | August 30, 2024 |
| Allotment Date : | September 02, 2024 |
| Refund Date : | September 03, 2024 |
| Share Credit Date : | September 03, 2024 |
| Listing Date : | September 04, 2024 |
ECO Mobility IPO Form :
There are two ways to apply for an ECO Mobility IPO. You can apply for ECO Mobility IPO through ASBA available in your bank account. You have to go to your online bank login select ECO Mobility IPO in the Invest section and apply through your bank account. Another option is you apply for ECO Mobility IPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
ECO Mobility Company Financial Report (Crore) :
| Year | Revenue (₹) | Expense (₹) | PAT (₹) |
| 2024 | 568.21 | 485.89 | 62.53 |
| 2023 | 425.43 | 367.14 | 43.59 |
| 2022 | 151.55 | 1388.57 | 9.87 |
Company Promoters :
■ Rajesh Loomba
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
ECO Mobility IPO Lead Managers :
■ Equirus Capital Private Limited
■ Iifl Securities Ltd
ECO Mobility IPO Registrar :
Link Intime India Private Limited
C 101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Maharashtra, India 400083
Tel: +91 81081 14949
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check ECO Mobility IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
ECOS (India) Mobility & Hospitality Limited
45, First Floor, Corner Market
Malviya Nagar, New Delhi-110017
Phone: +91 11 41326436
Email: [email protected]
Website: https://www.ecosmobility.com/
ECO Mobility IPO FAQs :
What is ECO Mobility IPO?
ECO Mobility IPO is a Mainboard IPO. They are going to raise ₹601.20 Crores via IPO. The issue is priced at ₹318-₹334 per equity share. The IPO is to be listed on NSE, and BSE.
When ECO Mobility IPO will open?
The IPO is to open on August 28, to August 30, 2024 for QIB, NII & RII.
What is ECO Mobility IPO Size?
ECO Mobility’s IPO size is ₹601.20 Crores.
What is the Offer For Sale size of ECO Mobility IPO?
The Offer For Sale size of ECO Mobility IPO ₹601.20 Cr.
What is the ECO Mobility IPO Minimum and Maximum Lot Size?
The minimum 44 Shares with ₹14,696 amount while the maximum 572 shares with ₹191,048.
What is the ECO Mobility IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the ECO Mobility IPO Allotment Date?
ECO Mobility IPO allotment date is September 02, 2024.
What is the ECO Mobility IPO Listing Date?
ECO Mobility IPO listing date is September 04, 2024. The IPO is to be listed on NSE, and BSE.
How to Apply the ECO Mobility IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “ECO Mobility IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the ECO Mobility IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “ECO Mobility IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
All ECO Mobility IPO-related links are available here. If you want to know the details then Click the link.
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