Ecos India Mobility IPO Details Today, Date, Price, GMP, Review

Ecos India Mobility IPO details Today : Ecos India Mobility IPO details Today is Open on 28 Aug 2024 2024 and Close on 30 Aug 2024. Ecos India Mobility IPO to Raise 18,000,000 shares (Approx ₹601.20 Cr) via IPO. The Offer For Sale is 18,000,000 shares (Approx ₹601.20 Cr),

Ecos India Mobility are the largest and most profitable chauffeur driven mobility provider to corporates in India. our customers are corporate companies, and the end consumer is an employee, client, guest or visitor of these corporatecompanies. Through our ETS segment, we offer customers with solutions to manage their employee home-office-home ground transportation.

• Corporate Car Rental
• Employee Transportation Services
• Conferences and Delegations
• Event Transportation
• Wedding Car Rental
• Self Drive Car Rental Service
• International Self Drive Car Rental Service
• International Chauffeur Drive Car Rental
• Hotel Travel Desk

We have a pan-India presence in 109 cities through our own vehicles and vendors, spread across 21 states and four union territories in India which underscores our deep rooted and extensive footprint and demonstrates our penetration into diverse regions across India.

We serviced the CCR and ETS requirements of more than 750 corporate customers in India.In Fiscal 2023, through our CCR and ETS segments, we have completed more than 2,100,000 trips averaging at more than 5,700 trips in a day. We also address the global car rental requirements of our corporate customers, through our global network of vendors with our capability of providing CCR services in over 30 countries.

Ecos India Mobility also provide cars of self-drive basis in the cities of Delhi, Gurugram, Mumbai and Bengaluru. We have also provided self-drive cars outside India through vendors. We operate a fleet of more than 9,000 economy to luxury cars, mini vans and luxury coaches. We also provide specialty vehicles such as luggage vans, limousines, vintage cars and vehicles for accessible transportation for people with disabilities. We have increased our focus on premium vehicles due to increasing customer preference for premium vehicles and the number of CCR bookings for premium vehicles in our fleet.

Our customers benefit from our dual offerings of CCR and ETS, as these segments together provide a comprehensive solution for their corporate transportation requirements. By catering to the corporate transportation requirements of our corporate customers, our two business segments create a synergy by offering our corporate customers a seamless transportation experience and by providing us with an opportunity to cross-sell our services to our customers in each segment.

Our CCR and ETS generate significant benefits from targeting two distinctive segments but sharing the same systems and administrative infrastructure.We have been focussed on the integration of technology in our services and have created a custom online booking tool for someof our customers. We have also integrated our API with the travel desk platforms of our customers, to enable them to manage their CCR requirements.

An outsourced technology team has developed a chauffeur’s mobile application and a customer mobile application, which is enabled with various features allowing the end customer to monitor various aspects of a trip including booking management, route information and safety features. The outsourced technology team has also developed RentNet, our backend central transport management system which handles reservations, operations, car tracking, incident management, billing, vendor payment, car maintenance and various management information systems.

The integration of technology with the travel desks of our customers allows our customers to conveniently control their corporate travel requirements from an integrated system. We believe that our focus on technology has enabled us to better manage our service offerings and improve operating efficiencies by integrating our service functions and ensuring accuracy, reliability, transparency and swiftness in our operations. We provide ETS in 10 cities in India.

We provide our services to our customers operating in a range of industries including information technology, business process outsourcing, consultancy, healthcare, e-commerce, pharmaceutical, legal and manufacturing including Inter Globe 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.

Our Company has a strong management team with extensive industry experience. Our Promoters, Rajesh Loomba and Aditya Loomba have a combined experience of more than 50 years in the chauffeur driven mobility provider industry.

Ecos India Mobility IPO Date & Price Band Details

Ecos India Mobility IPO Market Lot Details

Object of the Issue

1. Funding the working capital Requirements of our Company.
2. General Corporate Purpose.

Ecos India Mobility IPO Allotment & Listings (Details)

Ecos India Mobility Financial Reports

Our Company Promoter

1. Rajesh Loomba
2. Aditya Loomba
3. Rajesh Loomba Family Trust
4. Aditya Loomba Family Trust

Qualitative Factors

• 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.
• Established brand built over years through operational excellence.
• Comprehensive technology ecosystem enabling operational superiority.
• Robust financials with consistent healthy performance.

Also Read: KRN Heat Exchanger IPO

Ecos India Mobility Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Ecos (India) Mobility & Hospitality Ltd.
• Wise Travel India Ltd.
• Shree OSFM E-Mobility Ltd.

Ecos India Mobility & Hospitality Company Contact Details

45, First Floor, Corner Market,
Malviya Nagar, New Delhi-110017
Contact Person: Shweta Bhardwaj,
Tel:+91 11 41326436
Email: legal@ecorentacar.com
Website: www.ecosmobility.com

Ecos India Mobility & Hospitality Lead Manager

Equirus Capital Private Limited
12th Floor, C Wing, Marathon Futurex,
N.M. Joshi Marg, Lower Parel,
Mumbai – 400013 Maharashtra, India
Tel.: +91 22 4332 0735
E-mail: ecos.ipo@equirus.com
Website: www.equirus.com
Investor grievance e-mail: investorsgrievance@equirus.com
Contact person: Jenny Bagrecha/Sukant Goel

IIFL Securities Limited
24th Floor, One Lodha Place,
Senapati Bapat MargLower Parel (West)
Mumbai 400013 Maharashtra, India
Tel: +91 22 4646 4728
E- Mail: eco.ipo@iiflcap.com
Website: www.iiflcap.com
Investor Grievance e-mail: ig.ib@iiflcap.com
Contact person: Pawan Jain/ Yogesh Malpani

Ecos India Mobility & Hospitality IPO Registrar

Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: olaelectric.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan