ECOS Mobility IPO: Initial public offerings (IPO) of the driver-driven rental service provider Ecos (India) Mobility & Hospitality Ltd is now closed. This IPO was awarded 64.18 times the subscription on the day that ended bidding.
According to NSE information According to NSE data, bids were accepted for 80,86,90,256 shares, versus an offer of 1,260,00,000 shares from the sale of shares worth 601 crore rupees.
The part reserved for qualified institutional buyers got 136.85 % of the subscribers and the one reserved for investors who are not institutional received 71.17 more times subscriptions.
The retail investors (RIIs) were 19.66 times the amount of subscriptions. The IPO of Ecos (India) Mobility & Hospitality Ltd was completely occupied on the bid day on Wednesday.
The IPO is based entirely upon an offer to purchase (OFS) consisting of 180,000 equity shares.
What Is The Cost Of The Issue?
The price band for Ecos (India) Mobility & Hospitality Ltd’s IPO is between Rs 318 and 334 per share. The gray market price is 152 rupees.
In this case this context, the IPO is scheduled to be priced at 486 rupees. This is 45.51 % higher than the price at which the issue was made the IPO. The share of the company is listed on BSE as well as NSE.
According to the prospectus that is a red herring, Ecos (India) Mobility & Hospitality Ltd has been providing employee transportation services (ETS) as well as chauffeured car hire (CCR) in the corporate sector to clients which includes Fortune 500 companies, in India for more than 25 years.
The company also offers cars that can be driven by oneself within Delhi, Gurugram, Mumbai, and Bengaluru. It owns more than 12,000 vehicles which include minivans, luxury coaches, and economy vehicles.
Who Are The Potential Customers?
A few of the clients are InterGlobe Aviation Limited (Indigo), HCL Corporation Private Limited, SafeExpress 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.
What Were The Financial Results?
The operating income of the company during the fiscal year 2024 and 2023 as well as 2022, included 554.41 crore rupees, 422.68 crore rupees, and 147.34 crore rupees, respectively.
In the same period, the profit of the company after taxes included 62.53 crore rupees, 43.59 crore rupees, and 9.87 crore rupees.
The company’s promoters comprise Aditya Lumba Rajesh Lumba Nidhi Seth Aditya Lumba and Rajesh Lumba Family Trust.
Quick Fact
| Company name | Ecos (India) Mobility & Hospitality |
|---|---|
| IPO Subscription | 64 times |
| Qualified Institutional Buyers Subscription | 137% |
| Non-Institutional Investors Subscription | 71 times |
| Retail Investors Subscription | 20 times |
| IPO Offer Type | Offer for Sale (OFS) |
| Equity Shares in IPO | 180,000 shares |
| IPO Price Band | ₹318 to ₹334 per share |
| Gray Market Price | ₹152 |
| Possible Listing Price | ₹486 |
| Listing Exchanges | BSE, NSE |
| Business Focus | Employee Transportation Services (ETS), Chauffeured Car Hire (CCR) |
| Business Locations | Delhi, Gurugram, Mumbai, Bengaluru |
| Number of Vehicles | Over 12,000 |
| Vehicle Types | Minivans, Luxury Coaches, Economy Vehicles |
| Potential Clients | Indigo, HCL, SafeExpress, Deloitte, Urban Company, IndusInd Bank, Foresight Group, HDFC Life |
| Operating Income (2024) | ₹554 crore |
| Operating Income (2023) | ₹423 crore |
| Operating Income (2022) | ₹147 crore |
| Profit After Tax (2024) | ₹63 crore |
| Profit After Tax (2023) | ₹44 crore |
| Profit After Tax (2022) | ₹10 crore |
| Promoters | Aditya Lumba, Rajesh Lumba, Nidhi Seth, Aditya Lumba & Rajesh Lumba Family Trust |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
 Mobility & Hospitality Ltd is now closed.){kind=link}