ECOS (India) Mobility & Hospitality Limited IPO is scheduled to open on August 28, 2024, with a price band of ₹318-334 per share. The company offers chauffeur-driven mobility services to major corporations in India.

Timeline

IPO Open Date:	August 28, 2024
IPO Close Date:	August 30, 2024
Basis of Allotment:	September 2, 2024
Refunds:	September 3, 2024
Credit to Demat Account:	September 4, 2024
IPO Listing Date:	September 4, 2024

About Company

ECOS (India) Mobility & Hospitality Limited is a leading provider of chauffeur-driven mobility services in India. The company caters to major corporations, offering a range of services including airport transfers, city travel, and long-distance journeys.

Core Business:

• Chauffeur-Driven Mobility: ECOS provides luxury cars with trained chauffeurs for corporate clients.
• Customizable Services: The company offers tailored solutions to meet the specific needs of its clients.

Market Position:

• ECOS has a strong presence in major cities across India, serving a diverse clientele.
• The company focuses on quality, safety, and customer satisfaction to maintain its market position.

Future Outlook:

• The growing demand for chauffeur-driven services in India presents significant growth opportunities for ECOS.
• The company may explore expanding its services to include other transportation options or targeting new customer segments.
• Technological advancements in the transportation industry can provide opportunities for ECOS to enhance its services.

Here are some resources to learn more about company

• Read DRHP Here

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Objective

Raising Capital: The company aims to raise ₹601.20 crores through the IPO, which will be used for:

• Expansion: Funding the expansion of ECOS’s fleet and operations to cater to a larger customer base.
• Technology Upgradation: Investing in new technologies and software to enhance operational efficiency and customer experience.
• Working Capital: Meeting the company’s day-to-day operational expenses.

Brand Visibility: The IPO will increase the visibility of ECOS (India) among investors and the general public, enhancing its brand recognition and credibility.

Part Exit for Existing Shareholders: The IPO includes an Offer for Sale (OFS) component, allowing existing shareholders to partially exit their investment.

POSITIVE

• Growing Market: The demand for chauffeur-driven mobility services in India is increasing, driven by corporate growth and changing consumer preferences.
• Established Player: ECOS has a strong presence in the market with a focus on quality and customer satisfaction.
• Corporate Clientele: The company’s focus on corporate clients provides a stable revenue stream.

NEGATIVE

• Competition: The chauffeur-driven mobility market is competitive, with both established players and new entrants.
• Fuel Costs: Fluctuations in fuel prices can impact profitability.
• Regulatory Changes: Changes in government regulations related to transportation or taxation could affect the industry.

So, How Does ECOS (India) Mobility & Hospitality Limited IPO Fare in Terms of Financials ?

Financial Details

Period Ended	Assets	Revenue	PAT	Net Worth	Total Borrowing
31 Mar 2024	296.66	568.21	62.53	177.41	21.72
31 Mar 2023	229.71	425.43	43.59	115.13	32.95
31 Mar 2022	112.38	151.55	9.87	71.56	3.34

Financial Analysis:

• Revenue Growth: The company has consistently increased its revenue over the past three years, indicating strong growth and market penetration.
• Profitability: Profit after tax has also grown steadily, demonstrating improved profitability.
• Asset Growth: The company’s assets have expanded significantly, suggesting investments in growth initiatives.
• Debt: Total borrowing has increased, but it remains at a manageable level.

ECOS (India) Mobility & Hospitality Limited IPO Valuation :

KPI	Values
ROE	42.75%
ROCE	42.88%
Debt/Equity	0.12
RoNW	42.75%
P/BV	11.3
PAT Margin (%)	11

ECOS (India) Mobility & Hospitality Limited – SWOT Analysis

Strengths

• Established Player: ECOS has a strong presence in the chauffeur-driven mobility market with a focus on corporate clients.
• Quality Services: The company emphasizes quality, safety, and customer satisfaction.
• Strong Network: ECOS has a well-established network of vehicles and chauffeurs across major cities in India.
• Corporate Clientele: A focus on corporate clients provides a stable revenue stream.

Weaknesses

• Competition: The chauffeur-driven mobility market is competitive, with both established players and new entrants.
• Fuel Costs: Fluctuations in fuel prices can impact profitability.
• Regulatory Changes: Changes in government regulations related to transportation or taxation could affect the industry.

Opportunities

• Expanding Market: The demand for chauffeur-driven services is growing, especially in tier-II and tier-III cities.
• Technology Integration: Incorporating technology solutions like mobile apps and real-time tracking can enhance customer experience.
• Diversification: ECOS can explore opportunities in other segments of the transportation industry, such as airport transfers or intercity travel

Threats

• Economic Downturns: Economic slowdown can impact corporate spending on chauffeur-driven services.
• Competition from Ride-Hailing Apps: The rise of ride-hailing apps like Uber and Ola could pose competition.
• Technological Disruptions: New transportation technologies or autonomous vehicles could disrupt the industry.

COMPETITIVE ANALYSIS: MARKET PEERS

• Black Cat: A leading player in the chauffeur-driven car rental market in India.
• Meru: Another well-established company offering chauffeur-driven services.
• Zoomcar: A self-drive car rental platform that also provides chauffeur-driven services.
• Local and Regional Players: Several regional players operate in specific cities or regions, providing competition at the local level.

ECOS (India) Mobility & Hospitality Limited GMP

• Grey market premium as on 30-08-2024 = Rs 125/ Share

Disclaimer:

• IPO Grey Market Premium (ECOS (India) Mobility & Hospitality Limited IPO GMP) mention is valid for the specific date as mentioned in the header.
• We are not buying and selling IPO forms on IPO Grey Market.
• Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

ECOS (India) Mobility & Hospitality Limited IPO

🔴 Live Subscription Status 🔴

30/08/2024 5:00 AM

	NO OF SHARES OFFERED	Day 1	Day 2	Day 3
Qualified Institutional Buyers(QIBs)	36,00,000	0.00	0.10	136.85
Non Institutional Investors(NIIs)	27,00,000	6.69	23.53	71.17
Retail Individual Investors(RIIs)	63,00,000	3.91	9.14	19.66
Total	1,26,00,000	3.40	9.64	64.18

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