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ECOS India Mobility IPO
Price Band
₹318.0–334.0
Issue Size
₹601.2 Cr
Lot Size
44 shares
Min Investment
₹14,696
GMP
+₹126.0 (37.72%)
Issue Price
₹334.0
Subject to Sauda
₹4200
Paid only if allotted
ECOS India Mobility IPO AI Summary
- ECOS India Mobility IPO is listed on BSE, NSE in the Road Transport sector.
- Price band: ₹318.0–₹334.0 per share, lot size 44 shares (min. investment ₹14,696).
- Subscription window: 28 Aug–30 Aug 2024, listing on 04 Sep 2024.
- Current GMP is +₹126.0 (37.72%), an estimated listing price of ₹460 — unofficial and can change daily.
ECOS (India) Mobility & Hospitality Limited is a well-established player in the chauffeur-driven car rental market, with a strong operational footprint across India. The company has shown significant revenue and profit growth in recent years, making it a notable IPO in the road transport sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
ECOS India Mobility IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Aug 2024 — not a current signal.
12 of 15 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
ECOS India Mobility IPO Grey Market Premium (GMP) Today
GMP
+₹126.0
GMP %
+37.72%
Est. Listing
₹460.0
Updated: 25 Jul 2026 14:04
About the Company
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. The company offers self-driven cars in Delhi, Gurugram, Mumbai, and Bengaluru. In Fiscal 2024, ECOS (India) Mobility completed over 3,100,000 trips, averaging more than 8,400 trips per day through its CCR and ETS segments. The company has a fleet of over 12,000 cars, including economy, luxury, and mini vans, as well as specialty vehicles such as luggage vans, limousines, vintage cars, and accessible transportation for people with disabilities. The clientele of the company include InterGlobe Aviation Limited (Indigo), HCL Corporation Private Limited, Safexpress Private Limited, Deloitte Consulting India Private Limited, Urbanclap Technologies Private Limited (Urban Company), IndusInd Bank Limited, Foresight Group Services Limited FZCO, HDFC Life Insurance Company Limited, Thomas Cook, India, Grant Thornton Bharat LLP, WM Global Technology Services India Private Limited (Walmart Global Tech), VRB Consumer Products Private Limited, Pinkerton Corporate Risk Management Private Limited, MedGenome Labs Limited, Dreamfolks Services Limited, Mercer Consulting(I) Private Limited, FNF India Private Limited (Fidelity), exl Service.com (India) Private Limited, Gujarat Guardian Limited and VA Tech Wabag Limited. On March 31, 2024, the company had 671 employees in its crucial operations team, responsible for real-time quality checks and issue resolution.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 296.66 | 229.71 | 112.38 |
| Total Income | 568.21 | 425.43 | 151.55 |
| Profit After Tax | 62.53 | 43.59 | 9.87 |
| NET Worth | 177.41 | 115.13 | 71.56 |
| Reserves and Surplus | 165.41 | 115.07 | 71.50 |
| Total Borrowing | 21.72 | 32.95 | 3.34 |
Key Ratios
EPS
₹10.42
NAV
₹29.57
ROE
42.75%
ROCE
42.88%
RoNW
42.75%
P/B Value
11.30
P/E Ratio
32.05
Market Cap
₹2004.00 Cr
PAT Margin
11.00%
Debt/Equity
0.12
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Shree Osfm E-mobility Limited | 58.64 | 15.24% | 23.73 | 7.02 | 7.02 |
| Wise Travel India Limited | 89.52 | 15.62% | 20.82 | 12.79 | 12.79 |
| ECOS (India) Mobility & Hospitality Limited This IPO | 29.57 | 42.75% | — | 10.42 | 10.42 |
Promoters
Rajesh Loomba, Aditya Loomba, Nidhi Seth, Rajesh Loomba Family Trust and Aditya Loomba Family Trust
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹151.55 Cr in the year ending 31 Mar 2022, rising to ₹425.43 Cr by 31 Mar 2023, and further increasing to ₹568.21 Cr by 31 Mar 2024. This shows a strong upward trend in revenue over the periods.
Profit Trend
Profit after tax was ₹9.87 Cr in the year ending 31 Mar 2022, increasing to ₹43.59 Cr by 31 Mar 2023, and further rising to ₹62.53 Cr by 31 Mar 2024. This indicates a consistent growth in profitability across the periods.
Valuation
Priced at a P/E ratio of 32.05 at the issue price, ECOS's implied P/E is higher compared to its peers, which have P/E ratios ranging from 20.82 to 23.73.
Key Risks
Investors should consider the competitive nature of the road transport sector, potential regulatory changes, and economic fluctuations that could impact demand for car rental services.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing gain of an IPO in the unofficial market before it is listed. A positive GMP suggests that investors expect the stock to debut at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering the company's growth potential and market conditions.
Who May Want to Wait
Conservative investors or those seeking guaranteed returns may want to avoid this IPO, as investments in the stock market carry inherent risks and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on August 28, 2024, and closes on August 30, 2024. Allotment of shares will be done by September 2, 2024, with the listing expected on September 4, 2024.
Listing Gains — The Risk
While listing gains can be enticing, they are not guaranteed. Market conditions on the listing day can significantly impact the stock price, and investors should be prepared for potential volatility.
This evaluation is generated from ECOS India Mobility's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is ECOS India Mobility IPO GMP today?
ECOS India Mobility IPO GMP today is +₹126.0 (37.72%), indicating an estimated listing price of ₹460. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of ECOS India Mobility IPO?
The price band of ECOS India Mobility IPO is ₹318.0–₹334.0 per share.
When does ECOS India Mobility IPO open and close?
ECOS India Mobility IPO opens on 28 August 2024 and closes on 30 August 2024.
When does ECOS India Mobility IPO list on the stock exchange?
ECOS India Mobility IPO listed on 04 September 2024 at ₹460.0.
What is the lot size for ECOS India Mobility IPO?
The lot size for ECOS India Mobility IPO is 44 shares, requiring a minimum investment of ₹14,696.
What is the price band for the ECOS India Mobility IPO?
The price band for the ECOS India Mobility IPO is ₹318.0 to ₹334.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹14,696.
When does the ECOS India Mobility IPO open and close?
The IPO opens on August 28, 2024, and closes on August 30, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gain of an IPO in the unofficial market.
When is the listing date for the ECOS India Mobility IPO?
The listing date for the ECOS India Mobility IPO is September 4, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Aug 2024
Close
30 Aug 2024
Allotment
02 Sep 2024
Listing
04 Sep 2024
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