1 / 2

ECO Mobility IPO Complete Review, Valuation, Date & GMP

The true value of the ECO Mobility IPO. Our comprehensive analysis covers review, date & GMP, helping you determine if this is the right investment for you<br><br><br>

sonu69
Download Presentation

ECO Mobility IPO Complete Review, Valuation, Date & GMP

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ECO Mobility IPO: Review, Valuation, complete details ECO Mobility IPO is a Mainboard IPO, raising Rs. 601.20 crore (18,000,000 shares) through ECOS (India) Mobility & Hospitality Ltd., a company established in February 1996. It began by o?ering chau?eur-driven automobile rentals in India. It has since grown to become the largest and most profitable provider of chau?eur-driven mobility services for businesses in India as of Fiscal 2023. The company specializes in Employee Transportation Services (ETS) and Chau?eured Car Rentals (CCR), serving many clients, including Fortune 500 companies in India. By March 31, 2024, ECO Mobility operated in 109 cities across India, covering 21 states and 4 union territories, showcasing its extensive reach. The company fulfilled the CCR and ETS needs of over 1,100 Indian organizations in Fiscal 2024 and completed over 3,100,000 trips, averaging over 8,400 daily trips. With a fleet of over 12,000 vehicles, including luxury, compact, and speciality models, ECO Mobility serves a diverse clientele, including big names like Indigo, HCL Corporation, Safexpress, and Urban Company. The company is set to launch its IPO from August 28 to August 30, 2024, with a price band between Rs. 318 to Rs. 334 per share. Key Financials Revenue (FY 2024): Rs. 568.21 crore PAT (FY 2024): Rs. 62.53 crore Total Assets (FY 2024): Rs. 296.66 crore

  2. Net Worth (FY 2024): Rs. 177.41 crore EBITDA (FY 2024): Rs. 89.96 crore IPO Details Total Issue Size: 18,000,000 Shares (Rs. 601.20 crore) Allocation: 35% retail investors, 50% institutional investors, 15% non-institutional investors Listing Date: September 04, 2024 Listing on: BSE, NSE Evaluation & Analysis The ECO Mobility IPO's P/E ratio is calculated at 32.05x, which is higher than the industry average of 22.28x, suggesting an overvaluation. Investors should consider this when evaluating the IPO, especially in comparison to listed peers. Strengths Market leader in chau?eur-driven mobility services. Strong client base with long-standing relationships. Robust financial performance and extensive geographic reach. Weaknesses Heavy reliance on vendor partnerships for vehicles and chau?eurs. Potential risks from competitive pressures and reliance on GCCs. IPO GMP (As of August 24, 2024) Current GMP: Rs. 51 Estimated Listing Price: Rs. 385 The ECO Mobility IPO presents a significant investment opportunity, but investors should carefully evaluate the pricing to the industry average P/E ratio.

More Related