loader
ECOS (India) Mobility & Hospitality Limited
Issue Size (Net)
up to Rs.601.20 Cr
Price Band
Rs.318 to Rs.334 per share
Issue Opens
August 28, 2024
Issue Closes
August 30, 2024

Company Highlights

1.Company Information

Incorporated in February 1996, ECOS (India) Mobility & Hospitality Limited is a chauffeur driven car rental service provider in India. The company's primary business is to provide chauffeured car rentals (“CCR”) and employee transportation services (“ETS”). The company has been offering these services to corporate clients, including Fortune 500 companies in India. As of March 31, 2024, the company had a presence throughout India, operating in 109 cities using its own vehicles and vendors. It was spread across 21 states and four union territories, showcasing its extensive reach and penetration into diverse regions across the country. In Fiscal 2024, ECOS (India) Mobility has served the CCR and ETS requirements of over 1,100 organizations in India.

2. Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The company will not directly receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.

3. ECO Mobility IPO Registrar
Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: ecorentacar.ipo@linkintime.co.in

Website:https://linkintime.co.in/initial_offer/public-issues.html

ECOS (India) Mobility & Hospitality Limited Financial Information (Restated Consolidated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-24
296.66
568.21
62.53
177.41
165.41
21.72
31-Mar-23
229.71
425.43
43.59
115.13
115.07
32.95
31-Mar-22
112.38
151.55
9.87
71.56
71.50
3.34
Amount in ₹ Crore

ECO Mobility IPO Details

Issue Opening Date
August 28, 2024
Issue Closing Date
August 30, 2024
Face Value
Rs.2 per share
Price
Rs.318 to Rs.334 per share
Lot Size
44 Shares
Issue Size
18,000,000 shares(aggregating up to Rs.601.20 Cr)
Offer for Sale
18,000,000 shares of Rs.2(aggregating up to Rs.601.20 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

ECO Mobility IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Wednesday, August 28, 2024
Closing Date
Friday, August 30, 2024
Basis of Allotment
Monday, September 2, 2024
Initiation of Refunds
Tuesday, September 3, 2024
Credit of Shares to Demat
Tuesday, September 3, 2024
Listing Date
Wednesday, September 4, 2024
Cut-off time for UPI mandate confirmation
5 PM on August 30, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
Follow Us

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508


* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.


© 2022 RR Investors Capital Services Pvt. Ltd | All Rights Reserved.