ECOS (India) Mobility & Hospitality Limited IPO Overview
Company Profile
ECOS (India) Mobility & Hospitality Limited, incorporated in February 1996, is a leading provider of chauffeur-driven car rental services in India. The company specializes in Chauffeured Car Rentals (CCR) and Employee Transportation Services (ETS), catering primarily to corporate clients, including several Fortune 500 companies. Operational Reach
As of March 31, 2024, ECOS (India) Mobility has established a significant presence across India, operating in 109 cities through its fleet and vendor partnerships. The company’s extensive network spans 21 states and four union territories, reflecting its comprehensive reach across diverse regions.
Service Offering and Performance
In Fiscal Year 2024, ECOS (India) Mobility catered to the CCR and ETS needs of over 1,100 organizations, completing over 3,100,000 trips, averaging more than 8,400 trips per day. The company also offers self-driven cars in key metropolitan areas, including Delhi, Gurugram, Mumbai, and Bengaluru.
The company’s fleet, comprising over 12,000 vehicles, includes economy cars, luxury cars, minivans, and speciality vehicles such as luggage vans, limousines, vintage cars, and accessible transportation for people with disabilities. Key Clientele
ECOS (India) Mobility serves an impressive roster of clients, including prominent names such as 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, and many others.
Promoter Holding
The company is promoted by Rajesh Loomba, Aditya Loomba, Nidhi Seth, Rajesh Loomba Family Trust, and Aditya Loomba Family Trust. The pre-issue promoter holding stands at 97.75%, which will reduce to 67.75% post-issue. ECO Mobility IPO: Key Details
IPO Dates: August 28 to August 30, 2024
Price Band: ₹318 to ₹334 per share
Lot Size: 44 Shares
Total Issue Size: ₹601.20 Crores
Retail Quota: 35%
GMP: 45% (For Informational Purposes Only)
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matters published here are purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader making decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.