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IPO Status: Listed [28th Aug 2024 to 30th Aug 2024]
ECOS (India) Mobility IPO, a Mainline IPO of ₹601.20 Cr was launced on 28-08-2024 to 30-08-2024 and the shares got listed on BSE, NSE on 04-09-2024.
The public issue of ECOS (India) Mobility IPO (ECOSMOBLTY,544239) was offered at ₹334.00 per share and the ipo was listed at ₹390.00. It has delivered listing gain of 16.77%.
As the minimum lot size was 44 shares, the IPO has offered Rs 2464.00 per lot return on listing.
| IPO Issue Opening Date: | 28th Aug 2024 |
| IPO Issue Closing Date: | 30th Aug 2024 |
| IPO Issue Price: | ₹318.00-334.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹601.20 Cr |
| Offer for Sale: | ₹601.20 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 97.75% |
| Promoter Holding Post IPO: | 67.75% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544239 |
| NSE Code: | ECOSMOBLTY |
Get important updates regarding ECOS (India) Mobility IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 2nd Sep 2024 |
| Refunds Initiation* | 3rd Sep 2024 |
| Credit of Shares to Demat* | 3rd Sep 2024 |
| IPO Listing Date* | 4th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹318.00-334.00 |
| Market Lot: | 44 Shares |
| 1 Lot Amount: | ₹14696 |
| Min Small HNI Lots(2-10 Lakh): | 616 shares (14 lots) - ₹205744 |
| Min Big HNI Lots(10+ Lakh): | 3036 shares (69 lots) - ₹1014024 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 04-09-2024 | 334.00 | 126 | 4200/58800 | ₹460 (37.72%) | 4-Sep-2024 10:27 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Ecos (India) Mobility & Hospitality Limited was founded in February 1996. The company is primarily engaged in chauffeur-driven car rental (“CCR”) and employee transportation services (“ETS”) and has been providing these services to corporate clients including Fortune 500 companies in India for over 25 years.
The company has a pan-India presence with its vehicles and providers in 109 cities across 21 states and their union territories, underlining its deep-rooted and far-reaching presence and demonstrating its market penetration in various regions of India. The company has dealerships in 97 cities across India. In FY 2024, the company served the CCR and ETS requirements of more than 1,100 organisations in India.
Services are provided to clients in the information technology, business process outsourcing, consulting, healthcare, e-commerce, pharmaceutical, legal and manufacturing sectors 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.
| Incorporation | Sector | IPO Issue Size | Website |
| 1996 | Road Transport | ₹601.20 Cr | https://www.ecosmobility.com/ |
The company will not directly receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 3,600,000 (28.57%) | 2,700,000 (21.43%) | 6,300,000 (50%) | 12,600,000 | |
| 1 | 28th Aug 2024 19:04 | 0.04x | 6.70x | 3.93x | 3.41x |
| 2 | 29th Aug 2024 19:04 | 0.10x | 23.53x | 9.14x | 9.64x |
| 3 | 30th Aug 2024 18:21 | 136.85x | 71.17x | 19.66x | 64.18x |
ECOS (India) Mobility & Hospitality Limited's revenue increased by 34% and profit after tax (PAT) rose by 43% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 296.66 | 229.71 | 112.38 | |||||||||||||||||||||||||||
| Revenue | 568.21 | 425.43 | 151.55 | |||||||||||||||||||||||||||
| Profit After Tax | 62.53 | 43.59 | 9.87 | |||||||||||||||||||||||||||
| Net Worth | 177.41 | 115.13 | 71.56 | |||||||||||||||||||||||||||
| Reserves and Surplus | 165.41 | 115.07 | 71.5 | |||||||||||||||||||||||||||
| Total Borrowing | 21.72 | 32.95 | 3.34 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| ECOS (India) Mobility & Hospitality Limited | 10.42 | 10.42 | 29.57 | 42.75 | ||
| Wise Travel India Limited | 12.79 | 12.79 | 89.52 | 20.82 | 15.62 | Consolidated |
| Shree Osfm E-mobility Limited | 7.02 | 7.02 | 58.64 | 23.73 | 15.24 | Standalone |
Last Updated on 08-Sep-2024 07:03:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase ECOS (India) Mobility IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply ECOS (India) Mobility IPO with Zerodha.
Alternate approch to apply in ECOS (India) Mobility IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
ECOS (India) Mobility IPO Review and Important Updates
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To subscribe or apply in ECOS (India) Mobility IPO, you can use the following methods:
| ECOS (India) Mobility IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in ECOS (India) Mobility IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in ECOS (India) Mobility IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in ECOS (India) Mobility IPO. Most of the Syndicate Banks provide access to apply in ECOS (India) Mobility IPO via ASBA process. You must have your net banking access, DP ID information to apply in ECOS (India) Mobility IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in ECOS (India) Mobility IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
ECOS (India) Mobility IPO Review and Important Updates
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Applying in ECOS (India) Mobility IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download ECOS (India) Mobility IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply ECOS (India) Mobility IPO, please refer article >> Link
ECOS (India) Mobility IPO Review and Important Updates
Steps to download the online application form for ECOS (India) Mobility IPO
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ECOS (India) Mobility IPO is going to be list on 04-09-2024. NSE Code for ECOS (India) Mobility is ECOSMOBLTY. BSE Code for ECOS (India) Mobility is 544239.
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ECOS (India) Mobility IPO Allotment Date is 02-09-2024.
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ECOS (India) Mobility IPO share allotment date?ECOS (India) Mobility IPO allotment date?
