Ecos India Mobility IPO - Investment Rationale, Issue Details, Financials, Risks And More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Ecos (India) Mobility and Hospitality Ltd. will launch its initial public offering tomorrow and the offer closes on Aug. 30. The Rs 601.2 crore IPO comprises of a total offer for sale of 1.8 crore shares and no fresh issue component.The largest and most profitable chauffeur driven mobility provider to corporates in India has set a price band in the range of Rs 318–334 per share. The minimum lot size for retail investors is 44 shares..Objects of the Issue The company will not receive any proceeds from the Offer. Instead, all proceeds will go to the Selling Shareholders, allocated according to the number of Offered Shares each Selling Shareholder sells as part of the Offer..Valuation and outlook ECOS (India) Mobility & Hospitality is a chauffeur driven car rental service provider in India. The company's primary business is to provide chauffeured car rentals and employee transportation services. The company is the leader in chauffeur driven car services for corporate customers and is a niche player in B2B segment for corporate employees/customers/guests’ mobility. At the upper price band company is valuing at price/earning of 32.1 times with a market cap of Rs 2004 crore post issue of equity shares and return on net worth of 42.7%. On the valuation front, we believe that the company is fairly priced. Thus, we recommend a “Subscribe” rating to the IPO..Click on the attachment to read the full IPO report:.ECOS Mobility & Hospitality IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ecos India Mobility IPO - Investment Rationale, Issue Details, Financials, Risks And More: Anand Rathi

The Rs 601.2 crore IPO will be launched tomorrow with a price band of Rs 318–334 per share.

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