The ECOS Mobility & Hospitality IPO is a highly anticipated event in the stock market. This IPO is set to open on August 28, 2024, and close on August 30, 2024. Investors are eager to learn more about the IPO details, including the price band, allotment status, subscription status, and listing date. This comprehensive guide will cover everything you need to know about the ECOS Mobility IPO to help you make an informed investment decision.
ECOS Mobility & Hospitality IPO Details
The ECOS Mobility IPO is a book-built issue aiming to raise approximately ₹601.20 crores. This amount includes a fresh issue and an offer for the sale of up to 18,000,000 equity shares with a face value of ₹2 each. The IPO price band is set between ₹318 to ₹334 per share.
| Detail | Information |
|---|---|
| IPO Open Date | August 28, 2024 |
| IPO Close Date | August 30, 2024 |
| Face Value | ₹2 per Equity Share |
| Price Band | ₹318 to ₹334 per Share |
| Issue Size | Approx. ₹601.20 Crores |
| Offer for Sale | Approx. 18,000,000 Equity Shares |
| IPO Listing | BSE & NSE |
| Retail Quota | Up to 35% |
| QIB Quota | Up to 50% |
| NII Quota | Up to 15% |
For more details on upcoming IPOs, visit our upcoming IPO section.
ECOS Mobility IPO Market Lot
The market lot for the ECOS Mobility IPO is a minimum of 44 shares, which requires an application amount of ₹14,696. Retail investors can apply for up to 13 lots, totaling 572 shares or ₹191,048.
| Investor Type | Lot Size | Number of Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 44 | ₹14,696 |
| Retail Maximum | 13 | 572 | ₹191,048 |
| S-HNI Minimum | 14 | 616 | ₹205,744 |
| B-HNI Minimum | 69 | 3,036 | ₹1,014,024 |
Key Dates for ECOS Mobility IPO
The timeline for the ECOS Mobility & Hospitality IPO is crucial for investors. Here are the important dates:
- IPO Open Date: August 28, 2024
- IPO Close Date: August 30, 2024
- Basis of Allotment Date: September 2, 2024
- Refunds Initiated: September 3, 2024
- Credit to Demat Account: September 3, 2024
- IPO Listing Date: September 4, 2024
Stay updated with the IPO listing page for more information.
About ECOS Mobility & Hospitality
ECOS (India) Mobility & Hospitality Limited has been a leader in providing chauffeur-driven mobility services in India for over 25 years. The company offers a wide range of services, including chauffeured car rentals and employee transportation solutions, catering to Fortune 500 companies and other leading organizations. Operating across 109 cities in 21 states and four union territories, ECOS has served over 1,100 organizations and completed more than 3.1 million trips by Fiscal 2024. The company’s diverse fleet includes economy cars, luxury cars, vans, and specialty vehicles.
To learn more about this company and others, visit our IPO review section.
ECOS Mobility & Hospitality Financial Report
Understanding the company’s financial performance is key to assessing the value of the ECOS Mobility IPO. Below is a summary of their recent financials:
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 2022 | 151.55 | 138.57 | 9.87 | 112.38 |
| 2023 | 425.43 | 367.14 | 43.59 | 229.71 |
| 2024 | 568.21 | 485.89 | 62.53 | 296.66 |
ECOS Mobility IPO Valuation
Investors should consider various financial metrics when evaluating the ECOS Mobility IPO:
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 35.2% |
| Return on Capital Employed (ROCE) | 46.4% |
| EBITDA Margin | 18.3% |
| PAT Margin | 11.0% |
| Debt to Equity Ratio | 0.12 |
| Earnings Per Share (EPS) | ₹10.42 (Basic) |
| Return on Net Worth (RoNW) | 42.75% |
| Net Asset Value (NAV) | ₹29.57 |
These metrics suggest that ECOS Mobility & Hospitality has a strong financial foundation, which could make the ECOS Mobility IPO an attractive option for long-term investors.
Objects of the Issue
The ECOS Mobility IPO will not directly provide any proceeds to the company itself. Instead, all proceeds will go to the selling shareholders in proportion to the shares sold as part of the offer.
How to Apply for the ECOS Mobility IPO
Investors can apply for the ECOS Mobility IPO through several methods:
- ASBA Online: Apply via your bank account using the ASBA process.
- UPI Through Stock Brokers: Use UPI to apply online via your stock broker.
- Offline Forms: Fill out an offline application form with your stock broker.
For more details on how to apply, check out our IPO forms section.
FAQs
What is the ECOS Mobility & Hospitality IPO?
The ECOS Mobility & Hospitality IPO is a main-board IPO aiming to raise approximately ₹601.20 crores through a book-built issue. The IPO price band is set between ₹318 to ₹334 per equity share.
When will the ECOS Mobility IPO open for subscription?
The IPO will open for subscription on August 28, 2024, and will close on August 30, 2024.
What is the lot size for the ECOS Mobility IPO?
The minimum lot size is 44 shares, which requires an investment of ₹14,696.
How can I check the ECOS Mobility IPO allotment status?
You can check the IPO allotment status through the IPO allotment page on our website.
What is the listing date for the ECOS Mobility IPO?
The ECOS Mobility IPO is scheduled to list on September 4, 2024, on both the BSE and NSE.
For more FAQs and updates, visit our IPO FAQ section.
Conclusion
The ECOS Mobility & Hospitality IPO offers a promising opportunity for investors, given the company’s strong financial performance and growth potential. Keep an eye on the ECOS Mobility IPO GMP (Grey Market Premium) and subscribe to our IPO subscription updates to stay informed about the latest market trends.
By understanding all the details, investors can make well-informed decisions regarding the ECOS Mobility IPO. For more comprehensive guides on IPOs, visit IPOGreyMarket.com.
