– ECOS (India) Mobility & Hospitality Company is coming up with its IPO offer for sale worth Rs. 601.20 crores
– The company offers chauffeured car rentals and employee transportation services to Fortune 500 and BSE 500 companies
– The IPO will open on 28th August 2024 and close on 30th August 2024, with listing on the exchange on 4th September 2024
– The company saw a 31.16% increase in revenue and a 43.45% increase in net profits in FY24
– The company’s EBITDA margin is around 16.23% and its return on equity is 42.75% in FY24
– ECOS has outperformed its peers in most parameters and is trading at a 42.22% premium in the grey market
– The company has strong customer base including Interglobe Aviation, HCL Corporation, Deloitte Consulting India, and others
– The company has an asset-light model and low debt to equity ratio
– The demand for transportation and private rentals has increased significantly, contributing to the company’s growth
– Investors can use tools like stock screener, stock heatmap, portfolio backtesting, and stock compare tool on Trade Brains portal for informed investing