ECO Mobility IPO: Date, Price, GMP, Review – The ECOS Mobility & Hospitality IPO is scheduled to begin on August 28. ECOS Mobility & Hospitality is doing a Mainline IPO to raise ₹601.20 crores. The ECOS Mobility & Hospitality IPO price band is ₹318-334, with a market lot of 44 shares. Ecos (India) Mobility & Hospitality Limited has been offering chauffeur-driven transportation services to Indian enterprises for over 25 years. They provide chauffeured automobile rentals and employee transportation services to Fortune 500 corporations and other prominent organizations. The company operates in 109 cities throughout 21 states and four union territories.
ECO Mobility IPO Details
| IPO Open Date | August 28, 2024 |
| IPO Close Date | August 30, 2024 |
| Listing Date | Wednesday, September 4, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹318 to ₹334 per share |
| Lot Size | 44 Shares |
| Total Issue Size | 18,000,000 shares
(aggregating up to ₹601.20 Cr) |
| Offer for Sale | 18,000,000 shares of ₹2
(aggregating up to ₹601.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
ECOS (India) Mobility Financials
| FY 2024 | |
| Assets | 296.66 |
| Revenue | 568.21 |
| Profit After Tax | 62.53 |
| Net Worth | 177.41 |
| Reserves and Surplus | 165.41 |
| ROE | 42.75% |
| ROCE | 42.88% |
| Debt/Equity | 0.12 |
| RoNW | 42.75% |
| P/BV | 11.3 |
| PAT Margin (%) | 11 |
About Company – ECOS (India) Mobility
Ecos (India) Mobility and Hospitality Limited was founded in February 1996. For over 25 years, the company has focused on chauffeur-driven car rental (“CCR”) and employee transportation services (“ETS”) for corporate clients in India, including Fortune 500 companies.
The organization has a pan-India presence with cars and providers in 109 cities throughout 21 states and union territories, exhibiting its deep and far-reaching presence as well as market penetration in diverse parts of India. The organization operates dealerships in 97 cities across India. In FY 2024, the company met the CCR and ETS needs of over 1,100 organizations in India.
