Ecos India Mobility & Hospitality IPO: If you want to make money by investing in a new company, now’s your chance! Eco (India) Mobility
and Hospitality Limited wants to raise money by selling some of its shares to the public.
Who’s selling the shares?
The people who started the company, Rajesh Loomba and Aditya Loomba, are selling some of their ownership in the company.
They’re selling 1.8 crore shares. Right now, they own all of the company. This means they’ll get the money from selling these shares, not the company itself.
Equirus Capital and IIFL Securities are helping with this, and Link Intime India is handling the paperwork.
What does the company do?
For more than 25 years, this company has been offering cars with drivers for rent to businesses. They also provide transportation services for employees.
They have a big fleet of over 9,000 vehicles, from regular cars to fancy ones like limousines. They even have special vans for disabled people.
How well is the company doing?
Last year, the company made a lot more profit than before. Their profit grew by a huge 341.6 percent!
They made Rs 422.7 crore from their business, which is 187 percent more than before.
They also made Rs 69.7 crore in EBITDA, which is a measure of how well a company is doing financially.
This was a big jump from the previous year, with their profit margin increasing by 420 basis points to 16.5 percent.
