Introduction to Ecos (India) Mobility & Hospitality Limited IPO

Ecos (India) Mobility & Hospitality Limited is a prominent player in the chauffeured car rentals (CCR) and employee transportation services (ETS) sectors in India, serving major corporate clients, including several Fortune 500 companies, for over 25 years. The company is launching its Initial Public Offering (IPO) to raise ₹601.2 crores through an offer for sale of 18 lakh shares.

IPO Details and Timeline

The subscription window for the Ecos Mobility IPO opens on August 28, 2024, and closes on August 30, 2024. The allotment date is scheduled for September 3, 2024, and the shares are expected to be listed on the BSE NSE by September 4, 2024.

Price Band: ₹318 to ₹334 per equity share.

Lot Size: Minimum of 44 shares.

Minimum Investment:

Retail Investors: ₹14,696

High-Net-Worth Individuals (HNIs): ₹205,744 (14 lots)

Book Running Lead Managers and Registrar

Lead Managers: Equirus Capital Private Limited and IIFL Securities Limited

Registrar: Link Intime India Private Limited

Ecos Mobility IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Ecos Mobility Limited IPO is anticipated to be in the range of ₹100 to ₹110. The GMP reflects speculative interest and is subject to change based on market demand and supply dynamics. It should not be the primary factor in investment decisions, as grey market transactions are unregulated.

Ecos Mobility IPO Allotment Status Check

Investors can check their IPO allotment status for Ecos Mobility starting September 3, 2024. Here’s how to check:

Visit the IPO allotment status page on the Registrar's website.

Select "Ecos Mobility Limited IPO" from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

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Financial Performance of Ecos (India) Mobility & Hospitality Limited

Ecos Mobility has demonstrated impressive financial growth over the past few years:

Revenue Growth:

FY22: ₹1,515.54 million

FY23: ₹4,254.29 million

FY24: ₹5,682.05 million

EBITDA Growth:

FY22: ₹180.51 million

FY23: ₹697.27 million

FY24: ₹899.63 million

PAT Growth:

FY22: ₹98.71 million

FY23: ₹435.61 million

FY24: ₹622.87 million

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These figures reflect a significant increase in both revenue and profitability, underlining the company's robust operational performance and growth potential.

Valuation and Pricing Metrics

Pre-Issue EPS: ₹10.45

Post-Issue EPS: ₹10.45

Pre-Issue P/E Ratio: 32.05x

Post-Issue P/E Ratio: 32.05x

Industry P/E Ratio: 31.85x

ROCE for FY24: 42.88%

ROE for FY24: 42.75%

These metrics indicate that the IPO is fairly priced compared to the industry average, reflecting both the company's financial health and market positioning.

Investment Recommendation

Given the company's steady financial performance, promising growth trajectory, and fair valuation, it is recommended to apply for the Ecos (India) Mobility & Hospitality Limited IPO for both listing gains and long-term investment purposes. The strong demand indicated by the Grey Market Premium (GMP) also suggests potential upside upon listing.

Conclusion

The Ecos Mobility IPO presents a compelling opportunity for investors looking to capitalize on a company with a proven track record in the chauffeured car rentals and employee transportation sectors. With over 25 years of experience serving top-tier corporate clients and a solid financial performance, the company is well-positioned for growth. For more detailed information, refer to the Ecos (India) Mobility & Hospitality Limited RHP.

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