Ecos(India) Mobility IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com,
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Ecos (India) Mobility IPO?
The IPO is listed at Rs. 390, premium of 16.77% over the issue price. The listing has been much below the expectations of the grey market, which anticipated listing around Rs. 460
What was the last GMP of Ecos(India) Mobility IPO?
GMP Rs. 126
What is the subscription status of Ecos(India) Mobility IPO?
ECOS (India) Mobility IPO Subscriptions (Closed)Price Rs. 334 Lot 44 shares, Rs. 420.84 Crore |
|||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 136.85 | 74.66 | 64.19 | 71.17 | 19.66 | 64.18 |
| Applications: 24,96,399 / (17.44x) Amount wise Bids recd. Rs27009.51 Crore |
|||||
Who are the promoters of Ecos(India) Mobility IPO?
RAJESH LOOMBA, ADITYA LOOMBA, RAJESH LOOMBA FAMILY TRUST AND ADITYA LOOMBA FAMILY TRUST are the promoter of the Ecos(India) Mobility IPO
What are the Objects of Ecos(India) Mobility IPO?
The Offer comprises only of the Offer for Sale.
The objects of the Offer are to (I ) achieve the benefits of listing the Equity Shares on the Stock Exchanges; and (ii) carry out the Offer for Sale of up to 18,000,000 Equity Shares aggregating up to ₹[●] million by the Selling Shareholders
What is the business of Ecos(India) Mobility?
As the leading and most profitable chauffeur-driven mobility provider in India, Ecos excels in revenue and profit after tax for Fiscal 2023. Specializing in chauffeured car rentals (CCR) and employee transportation services (ETS), it has served corporate clients, including Fortune 500 companies, for over 25 years. In Fiscal 2024, it successfully delivered CCR and ETS to 42 Fortune 500 companies and 60 BSE 500 companies in India.
Its CCR segment operates on a B2B2C model, where it caters to corporate clients while the end users are their employees, clients, guests, or visitors. Meanwhile, its ETS services help manage employee transportation between home and office. As of September 30, 2023, its services span 109 cities across 21 states and four union territories in India, showcasing its extensive and deep-rooted presence.
During Fiscal 2023, it met the CCR and ETS needs of over 750 corporate clients, completing more than 2,100,000 trips—an average of over 5,700 trips per day. Globally, it supports car rental requirements for corporate customers through a network of vendors in over 30 countries. Additionally, it offers self-drive cars in Delhi, Gurugram, Mumbai, and Bengaluru, and through vendors internationally.
Its fleet consists of over 9,000 vehicles, ranging from economy to luxury cars, mini-vans, and coaches. It also provides specialty vehicles, including luggage vans, limousines, vintage cars, and accessible transportation for people with disabilities. Notably, it has enhanced its focus on premium vehicles, reflecting a rise in customer demand. The number of CCR bookings for premium vehicles increased significantly, from 22,613 bookings (20.96% of total bookings) in Fiscal 2021 to 152,819 bookings (33.08%) in Fiscal 2023.
Operating on an asset-light model, it maintains a fleet with fewer owned vehicles compared to those sourced from vendors. Its ETS services are available in 10 Indian cities, while the number of cities served by its CCR services grew from 89 in Fiscal 2021 to 97 in Fiscal 2023. Ecos is equipped to offer services through vendors in all 109 cities where it operates.
Ecos provides its services to its customers operating in a range of industries including information technology, business process outsourcing, consultancy, healthcare, e-commerce, pharmaceutical, legal and manufacturing including InterGlobe Aviation Limited (Indigo), HCL Corporation Private Limited, Safexpress Private Limited, Deloitte Consulting India Private Limited, Urbanclap Technologies Private Limited (Urban Company), IndusInd Bank Limited, Foresight Group Services Limited FZCO, HDFC Life Insurance Company Limited, Thomas Cook, India, Grant Thornton Bharat LLP, WM Global Technology Services India Private Limited (Walmart Global Tech), VRB Consumer Products Private Limited, Pinkerton Corporate Risk Management Private Limited, MedGenome Labs Limited, Dreamfolks Services Limited, Mercer Consulting(I) Private Limited, FNF India Private Limited (Fidelity), exl Service.com (India) Private Limited, Gujarat Guardian Limited and VA Tech Wabag Limited. In the six months ended September 30, 2023 and Fiscal 2023, Fiscal 2022, Fiscal 2021 it provided ETS and CCR services to 562, 756, 579 and 435 corporate customers, respectively.
The Company was onboarded by the Ministry of External Affairs, Government of India for providing CCR services in over 20 cities in India in connection with the G20 Presidency held over CY 2022 to CY 2023. It provided over 1,000 vehicles consisting of sedans, sports utility vehicles, vans and luxury buses to cater to the transportation requirements of the G20 delegates in various cities in India.
For more information, click www.ecosmobility.com
Ecos(India) Mobility IPO GMP grey market premium, review, Subscription, allotment, listing
Ecos(India) Mobilit IPO Details |
|
| IPO opens on | 28 August 2024 |
| IPO closes on | 30 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 18,000,000 Shares / Rs 601.20 Cr |
| * Fresh Issue | – Shares / Rs – Cr |
| * Offer for Sale | 18,000,000 Shares / Rs 601.20 Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. 318-334 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 44 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Ecos(India) Mobility? | Shares | Rs. in Crore |
| QIB (50 %) | 9000000 | 300.60 |
| NII (15 %) | 2700000 | 90.18 |
| RII (35 %) | 6300000 | 210.42 |
| Employees/ Shareholders | – | – |
| Total Shares | 18000000 | 601.20 |
| Retail portion will be oversubscribed by | 143182 Forms. | |
| How to apply in Ecos(India) Mobility IPO ? | Amount Rs. |
|
| Min Retail Application | 44 Shares |
14696 |
| Max Retail Application | 572 Shares | 191048 |
| Small HNI (Min) application | 616 Shares | 205744 |
| Small HNI (Max) application | 2992 Shares | 999328 |
| Big HNI Application | 3036 Shares | 1014024 |
What is the timetable of Ecos(India) Mobility IPO? |
|
| IPO opens on | 28 August 2024 |
| IPO Closes on | 30 August 2024 |
| IPO Allotment on | 2 September 2024 |
| Unblocking of ASBA | 3 September 2024 |
| Credit of Shares | 3 September 2024 |
| Listing on | 4 September 2024 |
| Registered Office of Ecos(India) Mobility | |
| 45, First Floor, Corner Market, Malviya Nagar, New Delhi-110017 | |
| Who are the Lead Managers of Ecos(India) Mobility IPO? Equirus Capital Private Limited IIFL Securities Limited |
|
| Registrar to IPO | |
| Link Intime India Private Limited |
Ecos(India) Mobility IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 151.55 | 9.87 | 1.65 | 14.80 |
| 2022-23 | 425.43 | 43.59 | 7.27 | 46.70 |
| 2023-24 | 10.42 | 42.75 | ||
| Book Value of the Share on 31.03.2024 |
Rs. | 29.57 | ||
| BV of the Share after the IPO | Rs. | 29.57 | ||
| Offer Price at Cap | Rs. | 334 | ||
Ecos(India) Mobility IPO
|
|
| Price /EPS | 32.05 |
| Price/Book Value | 11.30 |
| Price/BV after IPO | 11.30 |
How Ecos(India) Mobility IPO compares with the Peers?
Peer Comparison.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Ecos(India) Mobility | 2 | 568.21 | 32.05 |
| Wise Travel | 10 | 414.09 | 20.82 |
| Shree OSFM | 10 | 119.06 | 23.73 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Ecos(India) Mobility IPO Guidance
This is the much-awaited IPO.
As the leading and most profitable chauffeur-driven mobility provider in India, Ecos excels in revenue and profit after tax for Fiscal 2023. Specializing in chauffeured car rentals (CCR) and employee transportation services (ETS), it has served corporate clients, including Fortune 500 companies, for over 25 years. In Fiscal 2024, it successfully delivered CCR and ETS to 42 Fortune 500 companies and 60 BSE 500 companies in India.
So, the company has unique model, and it has strong growth potential. The shares are offered at reasonable valuation and offers scope for strong listing gains.
Must Apply IPO.
Quicklinks
