Ecos (India) Mobility & Hospitality Ltd. IPO

ECO Mobility & Hospitality Limited is a leading Indian provider of chauffeured car rentals and employee transportation services to corporate clients. With over 25 years of experience, they serve Fortune 500 companies and operate in over 100 cities across India. ECO Mobility offers a comprehensive transportation solution with a fleet of over 12,000 vehicles and a strong focus on technology integration for booking, tracking, and customer service. The company has grown significantly and boasts a loyal customer base with over half of its revenue coming from clients of more than five years.

RHP
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DRHP
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Open Date

2024-08-28

Close Date

2024-08-30

Company Financials

You can get the following financial statements of Ecos (India) Mobility & Hospitality Ltd. as of now.

The details about the ECO Mobility & Hospitality Limited IPO is as:

  • The issue size of the IPO is 601.20 Cr.
  • The price band for ECO Mobility & Hospitality Limited IPO is Rs 318 to Rs 334.
  • The shares of ECO Mobility & Hospitality Limited IPO will list on 4rth September 2024.
  • The latest tentative GMP of ECO Mobility & Hospitality Limited IPO is Rs 160.
  • The shares of ECO Mobility & Hospitality Limited IPO is subscribed 64.18 Times as of 30th August 2024.

 

ECO Mobility & Hospitality Limited IPO Valuation

The approx valuation of ECO Mobility & Hospitality Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 334
Existing Shares (Qty) 6.00 Cr
Market Cap 2004 Cr
EPS (FY24) Rs 10.42
PE Ratio 32.05x
Industry PE 22.28x

 

ECO Mobility & Hospitality Limited IPO Issue Size

ECO Mobility & Hospitality Limited IPO issue size is 601.20 Cr

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 601.20 Cr

 

ECO Mobility & Hospitality Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 44 shares and a maximum of 13 lots of 572 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 44 Rs 14,696
 Maximum 13 572 Rs 1,91,048

 

ECO Mobility & Hospitality Limited IPO share offer

The shares of ECO Mobility & Hospitality Limited IPO is subscribed 64.18 as of 30th August 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 136.85 Times
Non-Institutional Minimum 15% 71.  17 Times
Retail Individual Minimum 35% 19.66 Times
Total   64.18 Times

Find below the dates for ECO Mobility & Hospitality Limited IPO:

Schedule Date
Basis of Allotment 2 September 2024
Refunds 3 September 2024
Credit to Demat Account 3 September 2024
IPO Listing Date 4 September 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024
Net Sales 143.4 413.13 534.82
Total Expenditure 127.98 348.12 446.6
Operating Profit 15.42 65.02 88.22
Other Income 4.61 4.49 13.41
Interest 1.26 2.34 2.78
Depreciation 7.17 11.46 18.45
Exceptional Items 0 0 0
Profit Before Tax 11.6 55.7 80.39
Provision for Tax 2.77 14.05 19.31
Net Profit 8.84 41.65 61.08
Adjusted EPS (Rs.) 0.15 0.69 1.02

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.06 0.06 12
Total Reserves 72.7 114.33 163.23
Borrowings 0.07 14.67 5.98
Other N/C liabilities 0.11 4.58 7.83
Current liabilities 39.22 105.91 116.7
Total Liabilities 112.17 239.55 305.74
Assets
Net Block 12.09 35.85 45.37
Capital WIP 0 0 0
Intangible WIP 0 0.08 0.8
Investments 0.52 0.49 0.49
Loans & Advances 0 0 0
Other N/C Assets 6.91 10.61 5.84
Current Assets 92.65 192.52 253.24
Total Assets 112.17 239.55 305.74
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024 Sep 2024
Other Income 2.73 2.68
Profit Before Tax 18.33 20.58
Tax 5.08 5.23
Profit After Tax 13.25 15.35
Adjusted EPS (Rs) 2.21 2.56

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 67.75 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024
Profit from operations 11.6 55.7 80.39
Adjustment 4.52 11.11 8.28
Changes in Assets & Liabilities -0.12 -45.48 -2.77
Tax Paid 3.42 -9.25 -21.39
Operating Cash Flow 19.43 12.08 64.51
Investing Cash Flow -5.58 -42.95 -52.18
Financing Cash Flow -12.85 18.05 -10.75
Net Cash Flow 1 -12.82 1.57
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