ECO Mobility IPO: Apply ECO Mobility IPO with One-Click

ECOS Mobility and Hospitality is a leading player in the Indian chauffeur-driven car rental and employee transportation services market. The company is well-positioned to benefit from the strong growth prospects of the Indian economy and the increasing demand for mobility solutions. Investing in the upcoming IPOs like the ECOS Mobility and Hospitality IPO has never been easier with the One-Click IPO feature on HDFC Sky, which integrates your existing UPI account, allowing you to secure your shares quickly and effortlessly.

Here are 6 reasons why you should consider investing in the ECOS Mobility and Hospitality IPO:

1. Proven Track Record: ECOS Mobility and Hospitality Limited has been operating since 1996, demonstrating a long-standing commitment to the chauffeur-driven car rental service industry in India.
2. Established Clientele: The company has a diversified client base, including Fortune 500 companies like InterGlobe Aviation (Indigo), HCL, and Deloitte, which adds to its credibility and stability.
3. Extensive Reach: With operations in 109 cities across 21 states and four union territories in India, ECOS Mobility has a broad geographic footprint, enhancing its market presence.
4. Diverse Service Offerings: The company offers a range of services, including chauffeur-driven car rentals (CCR) and employee transportation services (ETS), catering to various client needs.
5. Robust Financials: As of March 31, 2024, ECOS Mobility served the CCR and ETS requirements of over 1,100 organizations, managing over 3.1 million trips, which indicates strong business operations.
6. Solid Fleet: With a fleet of over 12,000 vehicles, including luxury and specialty cars, the company is equipped to meet a variety of customer demands, ensuring service reliability.

About ECOS Mobility and Hospitality

Incorporated in February 1996, ECOS (India) Mobility and Hospitality Limited is a leading provider of chauffeur-driven car rental services in India. The company primarily focuses on chauffeur-driven car rentals (CCR) and employee transportation services (ETS), catering to corporate clients, including several Fortune 500 companies.

ECOS Mobility's operations span across 109 cities in India, supported by its extensive fleet of over 12,000 vehicles. The company has a strong presence in key metropolitan areas, including Delhi, Gurugram, Mumbai, and Bengaluru, offering a wide range of vehicle options from economy to luxury cars, mini-vans, and specialty vehicles.

Key Details of the IPO

• IPO Dates: August 28, 2024 to August 30, 2024
• Face Value: Rs 2 per share
• Price Band: Rs 318 to Rs 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 Rs 2

Financials of ECOS Mobility and Hospitality

• Assets: Rs 296.66 crore
• Revenue: Rs 568.21 crore
• Profit After Tax: Rs 44.58 crore
• Net Worth: Rs 177.41 crore
• Total Borrowing: Rs 21.72 crore

ECOS Mobility IPO Reservation Categories

• QIB Shares Offered: Not more than 50.00% of the offer
• Retail Shares Offered: Not less than 35.00% of the offer
• NII (HNI) Shares Offered: Not less than 15.00% of the offer

KPIs of ECOS Mobility and Hospitality Limited

• ROE: 42.75%
• ROCE: 42.88%
• Debt/Equity: 0.12
• RoNW: 42.75%
• P/BV: 11.3
• PAT Margin (%): 11

Objectives of the IPO

The primary objective of the ECOS Mobility IPO is to provide an exit opportunity to existing shareholders, as the entire issue is an offer for sale (OFS) of 18 million shares. Additionally, the IPO aims to enhance the company’s brand visibility and improve its market position by listing on major stock exchanges such as BSE and NSE. The proceeds from the sale will also be used to meet general corporate purposes, which may include expanding its fleet, upgrading technology, and exploring new markets.

How to Apply for ECOS (India) IPO Using One Click IPO

Applying for the ECOS (India) IPO using HDFC Sky’s One Click IPO is a straightforward process:

1. Log In: Access your HDFC Sky account. If you don’t have one, you’ll need to open a Demat account with HDFC Sky first.
2. Select the IPO: Navigate to the IPO section within the One Click IPO feature. Locate the ECOS (India) IPO and select it.
3. Fill Out the Application: Enter the necessary details, including the number of shares you wish to apply for and your payment information.
4. Submit and Track: Once you’ve completed the application, submit it through the platform. You can then track the status of your application in real time.
5. Receive Notifications: Stay informed with updates on your application status and IPO results directly from HDFC Sky.

Conclusion

The upcoming IPO of ECOS Mobility and Hospitality Limited presents a compelling investment opportunity, particularly for those looking to invest in a well-established company with a proven track record in the transportation services industry.

With its strong financials, experienced management, and extensive market reach, ECOS Mobility is well-positioned to continue its growth trajectory. Investors looking for exposure to a stable and growing segment of the Indian economy should consider participating in this IPO.

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