Company name: ECOS (India) Mobility & Hospitality Limited
IPO Size: Offer for Sale of 1.8 crore shares
IPO Dates: 28 August, 2024 - 30 August, 2024
Price Band: ₹ 318-334
Lot Size: 44 Shares
Lead manager: Equirus Capital Private Limited & IIFL Securities Limited
Registrar: Link Intime India Private Limited
About the company:
ECOS (India) Mobility & Hospitality Limited was established under the original name ET Trav-Aides Private Limited on February 15, 1996. The company initially operated as a private limited company under the Companies Act, 1956. Its name was changed to Ecos (India) Mobility & Hospitality Private Limited in 2008 to better reflect its focus on the mobility and hospitality sectors. This name change was formalized through a board resolution and shareholder approval in August 2008, with a new certificate of incorporation issued in September 2008.
The company further evolved in 2024 when it converted into a public limited company, necessitating another name change to Ecos (India) Mobility & Hospitality Limited. This conversion was driven by the company's growth ambitions and the need to access public capital markets to fund expansion. The company has its registered and corporate office at 45, First Floor, Corner Market, Malviya Nagar, New Delhi.
The company operates primarily in the mobility sector, offering a range of services, including car rentals, corporate mobility solutions, and other hospitality-related services. Their offerings cater to both corporate and individual clients, focusing on providing high-quality, reliable, and professional mobility solutions. The company's long-standing presence in the industry and the diverse range of services offered underscore its role as a significant player in India's mobility and hospitality sectors.
Clientele:
While the DRHP document doesn't explicitly detail the clientele within the provided excerpts, the nature of ECOS (India) Mobility & Hospitality Limited's business suggests a broad and diverse customer base. Typically, companies in the mobility and hospitality industry serve a mix of:
Corporate Clients: These are likely to be the company's primary clientele, particularly for corporate mobility solutions. This could include large businesses, multinational corporations, and government agencies that require reliable transportation for employees, executive travel, and corporate events.
Individual Customers: ECOS may also cater to individual clients seeking rental cars for personal use, whether for short-term rentals, long-distance travel, or special occasions.
Event-Based and Tourism Clients: The company might also serve clients who need transportation services for events, conferences, or tourism-related activities. This segment could include both domestic and international tourists, travel agencies, and event management companies.
Given the company's extensive experience and broad service offerings, its clientele likely spans multiple industries, including IT, finance, manufacturing, hospitality, and government sectors. However, for detailed information on specific clients or industries served, the DRHP's complete "Business Overview" or "Clientele" sections would need to be consulted.
Financial Performance: (Figures in Rupees Crores)
Objectives of the issue:
The company will not directly obtain any funds from the Offer. Instead, all proceeds from the Offer will go to the Selling Shareholders, distributed in proportion to the number of Offered Shares sold by each Selling Shareholder.
DISCLAIMER: All the information above is for educational purposes only and in any way is not a recommendation.
Top Management:
Rajesh Loomba serves as the Chairman and Managing Director of our Company. He holds a bachelor's degree in commerce from the University of Delhi and has been with the Company since February 15, 1996. In 2019, he was honored by the World Auto Forum with a place in the ‘Global Hall of Fame’ for his contributions to shared mobility both in India and globally.
Aditya Loomba is the Joint Managing Director of our Company. He holds a post-graduate degree in management from S.P. Jain Institute of Management & Research and has been with the Company since April 1, 2006. He has been recognized with several awards, including the Vice President – North Award for 2018-19 from All India Car Rentals and the Leadership Excellence Award (Entrepreneur of the Year – Integrated Transportation Solutions) in 2014 from Brands Academy.