Ecos (India) Mobility & Hospitality IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Ecos (India) Mobility & Hospitality IPO. Explore Ecos (India) Mobility & Hospitality IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Ecos (India) Mobility & Hospitality Limited is India’s largest and most profitable chauffeur-driven mobility service provider for corporates, offering both chauffeured car rentals (CCR) and employee transportation services (ETS). With over 25 years of industry experience, the company caters to numerous Fortune 500 and BSE 500 companies, delivering reliable and customized transportation solutions. Operating across 109 cities in India, Ecos follows an asset-light model, leveraging a network of vendors while maintaining a fleet of over 12,000 vehicles, ranging from economy cars to luxury coaches. The company also provides global car rental solutions and self-drive services, enhancing its offerings through advanced technology integrations that ensure seamless service management and customer convenience.
Key Points:
- Industry Leader in Corporate Mobility: The largest and most profitable chauffeur-driven mobility provider to corporates in India, with extensive operations across 109 cities, including 97 cities served through vendors.
- Comprehensive Service Offerings: Specializes in both chauffeured car rentals (CCR) and employee transportation services (ETS), providing a one-stop solution for corporate clients.
- Diverse Clientele: Serves 42 Fortune 500 companies and 60 BSE 500 companies, including prominent names like Indigo, HCL, Deloitte, and Urban Company.
- Extensive Fleet: Manages a fleet of over 12,000 vehicles, from economy to luxury cars, mini vans, and specialty vehicles, using an asset-light model to optimize efficiency.
- Global Reach and Premium Focus: Offers global car rental solutions across 30 countries and has increased its focus on premium vehicles, with 35.46% of bookings in Fiscal 2024 from this segment.
- Technology-Driven Operations: Integrates advanced technology with custom online booking tools, mobile apps, and a backend management system (RentNet) to enhance service efficiency and customer experience.
- Diverse Industry Presence: Serves clients across sectors like IT, healthcare, BPO, legal, and manufacturing, meeting the unique transportation needs of each industry.
Objects of the Issue
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges
- Carry out the Offer for Sale of up to 18,000,000 Equity Shares
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 28 Aug - 30 Aug 2024 |
| IPO Price Band | ₹318 – ₹334 per share |
| Fresh Issue | NIL |
| Offer For Sale | 18,000,000 shares |
| Total IPO Size | Approx ₹601.2 crore |
| Face Value | ₹2 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 28 Aug 2024 |
| IPO Closing Date | 30 Aug 2024 |
| Basis Of Allotment | 02 Sep 2024 |
| Refunds | 03 Sep 2024 |
| Demat Transfer | 03 Sep 2024 |
| IPO Listing Date | 04 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 109.49 | 151.55 | 425.43 | 568.21 |
| Total Expenses | 105.42 | 138.57 | 367.14 | 485.89 |
| Net Profit/Loss | 3.00 | 9.87 | 43.59 | 62.53 |
| NPM (*) | 2.74 | 6.51 | 10.25 | 11.00 |
| Total Assets | 107.89 | 112.38 | 229.71 | 296.66 |
| Total Liabilities | 46.10 | 40.82 | 114.58 | 119.25 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.50 | 1.65 | 7.27 | 10.42 |
| ROE (%) | 4.97 | 14.80 | 46.70 | 42.75 |
| ROCE (%) | 9.08 | 19.07 | 40.90 | 42.88 |
| D/E Ratio | 0.24 | 0.05 | 0.29 | 0.12 |
| Current Ratio | 2.03 | 2.43 | 1.93 | 2.35 |
| EBITDA MARGIN (%) | 15.16 | 12.25 | 16.50 | 16.23 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Ecos (India) Mobility & Hospitality Limited | 554.41 | 32.05 | 10.42 | 42.75 | 29.57 |
| Wise Travel India Ltd | 410.60 | 20.82 | 12.79 | 15.62 | 89.52 |
| Shree OSFM EMobility Ltd | 118.19 | 23.73 | 7.02 | 15.24 | 58.64 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 136.85 |
| Non-Institutional Investor (NII/HNI) | 71.17 |
| Retail Individual Investor (RII) | 19.66 |
| Total | 64.18 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- RAJESH LOOMBA
- ADITYA LOOMBA
- NIDHI SETH
- RAJESH LOOMBA FAMILY TRUST
- ADITYA LOOMBA FAMILY TRUST
Lead Managers
- Equirus Capital Private Limited
- IIFL Securities Limited
Company Address
Ecos (India) Mobility & Hospitality Limited
45, First Floor, Corner Market, Malviya Nagar, New Delhi110017
Phone: +91 11 41326436
Email: legal@ecorentacar.com
Website: www.ecosmobility.com
FAQs
- What is the issue size of the Ecos (India) Mobility & Hospitality IPO?The Ecos (India) Mobility & Hospitality IPO has an issue size of Approx ₹601.2 crore. This includes a fresh issue of NIL and an offer for sale (OFS) of 18,000,000 shares.
- What is the price band of the Ecos (India) Mobility & Hospitality IPO?The price band for the Ecos (India) Mobility & Hospitality IPO is ₹318 – ₹334 per share.
- What are the bidding dates for the Ecos (India) Mobility & Hospitality IPO?The Ecos (India) Mobility & Hospitality IPO will open for bidding on 28 Aug 2024 and close on 30 Aug 2024.
- What is the allotment date for the Ecos (India) Mobility & Hospitality IPO?The allotment date for the Ecos (India) Mobility & Hospitality IPO is 02 Sep 2024.
- What is the listing date for the Ecos (India) Mobility & Hospitality IPO?The listing date for the Ecos (India) Mobility & Hospitality IPO is 04 Sep 2024.
- What is the Ecos (India) Mobility & Hospitality IPO grey market premium?The grey market premium (GMP) for the Ecos (India) Mobility & Hospitality IPO is currently at ₹126, with an expected listing gain of approximately 37.72%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.