– ECOS (India) Mobility & Hospitality Company is launching its IPO worth Rs. 601.20 crores, opening on 28th August 2024 and listing on 4th September 2024.
– The company provides chauffeur-driven mobility services to corporates and operates in 109 Indian cities with a fleet of over 12,000 vehicles.
– Revenue from CCR and ETS, with ETS contributing 54.71% and CCR 43.29% of total revenue in Fiscal 2024.
– The Indian road transport sector is growing, with the light vehicle mobility market expected to reach $184.7 billion by 2030.
– ECOS reported revenue of Rs. 554.41 crores in FY24, with a 31.16% increase YoY and net profits of Rs. 62.53 crore, a 43.45% increase YoY.
– The company has maintained low levels of debt to equity over the past 3 years and generated most of its revenue from core operational business.
– Shares of ECOS were trading at a 42.22% premium in the grey market on August 26th, 2024.
– The company’s promoters include Rajesh Loomba, Aditya Loomba, Nidhi Seth, Rajesh Loomba Family Trust, and Aditya Loomba Family Trust.
– ECOS has outperformed its peers in most parameters, with better margins, returns on equity, and profitability.
– The company has projected growth and quality services to mitigate competition in recent years.