IPO Details
RHP/DRHPIssue Date
28 Aug - 30 Aug'24
Investment/lot
₹ 14696
Price Range
318 - 334
Lot Size
44
IPO Size
₹ 601.20 Cr
IPO Listing Details
Listing On
4 Sep'24
Issue Price
334
Listed Price
₹ 390
Retail Gain/Listing Gain
▲16.77%
IPO Timeline
Ecos India Company Background
ECOS (India) Mobility and Hospitality Limited is the largest and most profitable chauffeur driven mobility provider to corporates in India, in terms of revenue from operations and profit after tax for FY2023. They been in the business for over 25 years.
They provide chauffeured car rentals (CCR) and employee transfer services (ETS) to 42 fortune 500 companies and 60 BSE 500 companies. In the CCR business, the clients are corporate companies and the end consumer is an employee, guest, client or visitor to any of these companies. Through the ETS segment, they help employees manage their home-office-home ground transportation.
Click here to know more about ECOS India Mobility and Hospitality Share Price and stay updated on the latest market trends.
Ecos India Competitive Strengths
India’s largest and most profitable chauffeur driven mobility provider in terms of revenue from operations and PAT for FY 2023
The company is the largest and most profitable chauffeur driven mobility provider to corporates in India, in terms of revenue from operations and profit after tax for FY 2023 (Source: F&S Report). In FY2024, 2023, and 2022, their revenue from operations was ₹5,544.11 million, ₹4,226.76 million and ₹1,473.44 million, respectively. Their profit after tax for the same period was ₹625.31 million, ₹435.91 million and ₹98.71 million, respectively.
Long-standing customer relationships with business synergies across business segments
The company operates in a range of industries including information technology, business process outsourcing, global capacity centres, consultancy healthcare, e-commerce, etc. Their customers include IndiGo, HCL, Deloitte, IndusInd Bank, HDFC Life Insurance, WM Global Technology Services, etc. They have had strong relationships with many multinational brands for 13+ years, with HDFC Life Insurance for 11 years, and Thomas Cook India for 9 years among others.
Pan-India presence with operations in 109 cities in India
As of March 31, 2024, they offer CCR services 109 cities in India through vendors. They also have a global network of vendors operating in over 30 countries including USA, United Kingdom, France, Italy, Spain, Sweden, Denmark, Japan, China, and Singapore. They can provide CCR services in these countries through these vendors. Their strong vendor network enables them to accelerate expansion in cities where they are present, in case demand for their services arises.
Risk Factors
- Their business depends on their relationships with vendors who supply vehicles and chauffeurs, and any adverse changes in such relationships, or their inability to enter into new relationships, could hurt the business.
- They derive a significant part of their revenue from some customers, and they do not have long-term contracts with all of these customers. If one or more of such customers choose not to utilise their services or terminate their contracts or agreements, it will hurt the business.
- Misconduct by their employees and contracted chauffeurs may be difficult to detect and could harm the brand and reputation, or hurt their business
Key Strategies
- Expand their presence in Tier-II and Tier-III cities in India and increase penetration in cities with existing operations
- Acquire new customers and increase revenue from existing customers and expand their sales team
- Continue to focus on technology to ensure operational excellence.
Ecos India Limited Key Financials
Here are the key financials for ECOS (India) Mobility and Hospitality Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Ecos (I) Mobility & Hospitality Ltd IPO?
Here are the steps to apply for Ecos (I) Mobility & Hospitality Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Ecos (india) mobility & hospitality pvt ltd IPO FAQs
When is Ecos (india) mobility & hospitality pvt ltd IPO listing date?
Ecos (india) mobility & hospitality pvt ltd IPO will list on 2024-09-04.
What is the issue size of Ecos (india) mobility & hospitality pvt ltd IPO?
601.20 is the issue size of Ecos (india) mobility & hospitality pvt ltd IPO.
What is the minimum lot size required for Ecos (india) mobility & hospitality pvt ltd IPO?
The minimum lot size is 44 shares and the investment required is ₹14696.
What is the price band of the Ecos (india) mobility & hospitality pvt ltd IPO?
The price band of Ecos (india) mobility & hospitality pvt ltd IPO is ₹318 to ₹334.
Where can I read more about Ecos (india) mobility & hospitality pvt ltd business?
You can read more about Ecos (india) mobility & hospitality pvt ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the ECOS (India) Mobility and Hospitality Limited IPO?
The ECOS India Mobility and Hospitality Limited IPO has an issue size of ₹601.20 crores. The IPO opens for subscription on 28/08/2024 and closes on 30/08/2024.
Who is the Registrar for ECOS (India) Mobility and Hospitality Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
