ECOS (India) Mobility & Hospitality Limited IPO Message Board (Page 15)

Glancing through rhp
- Company provides chaufeured car rentals (CCR) and employee trasnportation services (ETS)
-Vehicles and chauffeurs are supplied by vendors.
-No long term contracts with customers but no dependency on single customer which is good
- Cost of services is 80%, so gross margin 20%
-Runs CCR operations around 109 cities and ETS around 10 cities, blr,mum,pune,delhi,gurgaon,hyd these 6 cities contribute 70% of revenue, which is obvious and understandable
-ETS segment contributes 55%
-Less than 1% of total expenses on marketing and advertising
-Organised share is 15% in ETS and 25% in CCR segment while other is unorganized in this sector
-Ashoka india and plutus have taken pre ipo stake
-Gross margin 20%, ebitda 16% and pat 11%
-Listed players are Wise travels (WTI cabs) and Shree OSFM, both smaller than ECOS and having pat margins in single digits

-Company operates on asset light model, they own just 750 vehicles and source 12000+ from vendors, was last year at 6000+
-Their strategy is to expand more into tier 2 and 3 cities, which i beleive is a risk as these cities will have 90% or more as a unorganized share
-They operate internationally too in 30 countries but revenue contribution is less than 1%, so ignore
-CCR and ETS organized share is growing by 10% cagr

​@UjwalG Super Analysis, Thank you sir

​@UjwalG Too good info, Thanks for precise inputs 👍

Admin ye Raaj verma ki language sahi nahi hai,ispe Dhyan de

No matter how many ipo coming together people have enough money to fully over subscribe all of these.

Not just fully oversubscribe, but heavily oversubscribe.

​@Raaj verma Tu dhakkan hai kya? Black money se IPO kaise apply karenge? IPO application ke liye money bank account me hona chahiye.

Bringing ipo with clashing dates actually increases allotment chances substantially though it might create funds shortage too.

​@Mannat Baat toh sahi hai, woh kehte hain na
Kabhi kisi ko mukammal jahan nahin milta ..
Kahin luck ka saath toh kahin allotment nahin milta 😉😁

Ek din pichhe lata to tera kya jata...???

2 More IPOs Loading on Almost Same Dates

​@Esparando 

They need money
They dont need numbers

konse hai sirji ?

PB around 420

approx 600cr