August 28, 2024 - August 30, 2024

ECO Mobility IPO Review & Recommendations

Anand Rathi, BP Equities (BP Wealth), Dilip Davda, Geojit Securities Ltd, GEPL Capital Ltd, Hem Securities, Marwadi Shares and Finance Ltd, Nirmal Bang, SMIFS Limited, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to ECO Mobility IPO. Sushil Finance Ltd has given "May Apply" recommendation to ECO Mobility IPO. Capital Market, DRChoksey FinServ Pvt Ltd. and SMC Global have "Neutral" view about the IPO.

ECO Mobility IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	11	1	3	0	0
%	73.33	6.67	20.00	0.00	0.00

ECO Mobility IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
BP Equities (BP Wealth)	Apply
Capital Market	Neutral
Dilip Davda	Apply
DRChoksey FinServ Pvt Ltd.	Neutral
Geojit Securities Ltd	Apply
GEPL Capital Ltd	Apply
Hem Securities	Apply
Marwadi Shares and Finance Ltd	Apply
Nirmal Bang	Apply
SMC Global	Neutral
SMIFS Limited	Apply
Sushil Finance Ltd	May Apply
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Apply

ECO Mobility IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for ECO Mobility IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	42	Avoid, however active risk seekers can try

ECO Mobility IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is the leader in chauffeur driven car services for corporate customers and is having a niche place in B2B segment for corporate employees/customers/guests’ mobility. After suffering a bit during the Pandemic, it gained momentum and posted good growth in its performances for FY23 and FY24. Based on FY24 earnings, the issue relatively appears fully priced. Though this is a pure secondary offer, post listing, higher visibility and unlocking the value, it will get more preference as a listed company for its business. Investors may park funds for the medium to long term. Read detail review...

ECO Mobility IPO Peer Comparison

ECOS (India) Mobility & Hospitality Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Financial statements
ECOS (India) Mobility & Hospitality Limited	10.42	10.42	29.57		42.75
Wise Travel India Limited	12.79	12.79	89.52	20.82	15.62	Consolidated
Shree Osfm E-mobility Limited	7.02	7.02	58.64	23.73	15.24	Standalone

Financial information for ECOS (India) Mobility & Hospitality Limited is derived from the Restated Financial Information as of and for the financial year ended March 31, 2024.

Notes for Listed Peers:

Shree OSFM E-Mobility Ltd does not have a subsidiary.

For Wise Travel India Limited and Shree OSFM E-Mobility Limited, financial information is taken from the financials published on the NSE website for Fiscal 2024.

Return on net worth (RoNW) is computed as profit for the year attributable to common shareholders of the parent divided by net worth (excluding non-controlling interest), as at March 31, 2024.
NAV per equity share has been computed as the net worth attributable to common shareholders (excluding non-controlling interest) divided by the total number of shares outstanding as of March 31, 2024.
P/E Ratio has been computed based on the closing market price of the equity shares as on August 16, 2024 on www.nseindia.com, divided by the Diluted EPS as on March 31, 2024

ECO Mobility IPO Review by Members

ECO Mobility IPO Reviews, analysis and views by popular members. Read ECOS (India) Mobility & Hospitality Limited IPO reviews by retail investors to find recommended ipo to buy.

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ECO Mobility IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	2	1	0	0
%	66.67	33.33	0.00	0.00

Member	Review
B.M.SURANA IPO Guru (2700+ Posts, 5300+ Likes)	Apply for Long Term at Cut-off Price Grey Market bhi Accha hai Aur Company ka Market Share Profit bhi thik hai. 1 August 26, 2024 6:50:05 AM
Dhanvantri	May Apply for Listing Gain at Upper Price Band Good Returns Good cash in hand dependant on vendors total issue offer for sale Previous sme ipo Win cabs unable to give strong return to investors So if apply got allotment book profit on listing. August 24, 2024 3:18:55 PM
NoviceIPO	Apply for Listing Gain at Upper Price Band Looks promising. August 30, 2024 11:09:14 AM

Member

Review

B.M.SURANA

IPO Guru (2700+ Posts, 5300+ Likes)

Apply for Long Term at Cut-off Price

Grey Market bhi Accha hai Aur Company ka Market Share Profit bhi thik hai.

August 26, 2024 6:50:05 AM

Dhanvantri

May Apply for Listing Gain at Upper Price Band

Good Returns Good cash in hand dependant on vendors total issue offer for sale Previous sme ipo Win cabs unable to give strong return to investors So if apply got allotment book profit on listing.

August 24, 2024 3:18:55 PM

NoviceIPO

Apply for Listing Gain at Upper Price Band

Looks promising.

August 30, 2024 11:09:14 AM

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1 Comments

1. Dhanvantri Link|August 30, 2024 1:14:28 PM

Retail already 13 times but Chhitorgarh showing 9 times