ECOS India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 14, 2024Let’s have a detailed review of the company and analytics of the ECOS India IPO release date, IPO offer price, subscription, ECOS India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
ECOS India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – ECOS India Share Price |
ECOS India IPO – Summary
They are the largest and most profitable chauffeur-driven mobility provider to corporates in India, in terms of revenue from operations and profit after tax for Fiscal 2023.
They are primarily engaged in the business of providing chauffeured car rentals (“CCR”) and employee transportation services (“ETS”) and have been providing these services to corporate customers, including Fortune 500 companies in India, for more than 25 years.
The promoters of this company are RAJESH LOOMBA, ADITYA LOOMBA, RAJESH LOOMBA FAMILY TRUST AND ADITYA LOOMBA FAMILY TRUST. The lead manager of the issue is Equirus Capital Private Limited and IIFL Securities Limited, and the Registrar of this issue is Link Intime India Private Limited.
ECOS India IPO Date
The opening and closing dates of ECOS India IPO are not available yet.
ECOS India IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
ECOS India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
ECOS India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
ECOS India IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs.[●]
ECOS India IPO Equity Size
This Initial Public Issue of 18,000,000 Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
ECOS India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 18,000,000 Equity Shares of Rs.2/ each.
Issue Size: 18,000,000 Equity Shares of Rs.2 each, aggregating to Rs.[●] Million
Open Free Demat Account Now!
ECOS India IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – ECOS India Share Price |
ECOS India IPO Grey Market Premium
The ECOS India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
ECOS India IPO – Company Overview
As of September 30, 2023, they have a pan-India presence in 109 cities through their own vehicles and vendors, spread across 21 states and four union territories in India which underscores their deep-rooted and extensive footprint and demonstrates their penetration into diverse regions across India.
In Fiscal 2023, they serviced the CCR and ETS requirements of more than 750 corporate customers in India. In Fiscal 2023, through their CCR and ETS segments, they have completed more than 2,100,000 trips averaging at more than 5,700 trips in a day. They also address the global car rental requirements of their corporate customers, through their global network of vendors with their capability of providing CCR services in over 30 countries.
Also, they provide cars of a self-drive basis in the cities of Delhi, Gurugram, Mumbai and Bengaluru. They have also provided self-drive cars outside India through vendors.
They operate a fleet of more than 9,000 economies to luxury cars, minivans and luxury coaches. Also, they provide speciality vehicles such as luggage vans, limousines, vintage cars and vehicles for accessible transportation for people with disabilities
ECOS India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2,758.61 | 2,297.05 | 1,123.84 | 1,078.91 |
| *Total Revenue | 2,719.96 | 4,254.29 | 1,515.54 | 1,094.90 |
| Total Expense | 2,314.67 | 3,671.38 | 1,385.65 | 1,054.22 |
| Profit After Tax | 304.14 | 435.91 | 98.71 | 29.95 |
Earnings per Equity Share (in Million)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.07 | 7.27 | 1.65 | 0.50 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 435.91 Million, Rs. 98.71 Million and Rs. 29.95 Million respectively.
ECOS India IPO – Promoters
The Promoter of this company is:
- RAJESH LOOMBA,
- ADITYA LOOMBA,
- RAJESH LOOMBA FAMILY TRUST
- ADITYA LOOMBA FAMILY TRUST
List of Related Parties (Key Managerial Personnel)
- Rajesh Loomba, Chairman and Managing Director
- Aditya Loomba, Joint Managing Director
- Chanchal Loomba, Non-Executive Director
- Rajeev Vij, Independent Director
ECOS India IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
ECOS India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 18,000,000 Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 60,000,000 Equity Shares |
| Equity Shares outstanding after the Issue | 60,000,000 Equity Shares |
ECOS India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To achieve the benefits of listing Equity Shares on the Stock Exchanges; and
- To carry out the Offer for Sale of up to 18,000,000 Equity Shares aggregating up to ₹[●] million by the Selling Shareholders.
ECOS India IPO – Business Strategy
- Expanding their presence in Tier-II and Tier-III cities in India and increasing their penetration in cities with existing operations
- Acquisition of new customers increasing revenue from existing customers and expanding their sales team
- Continue to focus on technology to ensure operational excellence.
- Continue to focus on building their brand through their brand-building strategies and focus on operational excellence.
ECOS India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- India’s largest and most profitable chauffeur-driven mobility provider in a thriving chauffeur-driven mobility provider market
- Long-standing customer relationships with business synergies across business segments
- Pan-India presence with operations in 109 cities in India
- An established brand built over years through operational excellence
- Comprehensive technology ecosystem enabling operational superiority
- Robust financials with consistent healthy performance
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 7.27 | 46.70 | 19.19 |
| 31-Mar-22 | 1.65 | 14.80 | – |
| Mar-21 | 0.50 | 4.97 | – |
ECOS India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| ECOS India Limited | 2 | [●] | 7.27 | 46.70% | 4,254.29 |
| Listed Peers | |||||
| Wise Travel India Ltd | 10 | 32.10 | 5.91 | 29.79% | 2,499.81 |
| Shree OSFM E Mobility Ltd |
10 | 40.82 | 2.94 | 16.34% | 826.13 |
ECOS India IPO Lead Managers
| Lead Managers |
|
Equirus Capital Private Limited IIFL Securities Limited |
ECOS India IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C 101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West) Maharashtra, India 400083 Tel: +91 81081 14949 Email: ecorentacar.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: ecorentacar.ipo@linkintime.co.in Contact person: Shanti Gopalkrishnan SEBI Registration No.: INR00000405 |
ECOS India IPO – Other Details
- Statutory Auditor – S.S. Kothari Mehta & Co., Chartered Accountants
- Legal Counsel to the Company – Trilegal
- Bankers to the Company – Kotak Mahindra Bank Limited
ECOS India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to ECOS India IPO
ECOS India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
ECOS India IPO Review FAQs
Check out various FAQs related to the ECOS India IPO:
What is the Issue Size of ECOS India IPO?
The Company is making an initial public offer of 18,000,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of ECOS India IPO?
The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is concerned, it is Rs. 2 per share.
What is the ECOS India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the ECOS India IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the ECOS India IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of ECOS India IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of ECOS India IPO?
Here are the promoters of this IPO – RAJESH LOOMBA, ADITYA LOOMBA, RAJESH LOOMBA FAMILY TRUST AND ADITYA LOOMBA FAMILY TRUST. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of ECOS India IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is ECOS India IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of ECOS India Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 435.91, 2022 is 98.71, and 2021 is 29.95. PAT from Sep 2023 is 304.14.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics