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ECO Mobility IPO vs Shree Tirupati Balajee IPO

Comparision between ECO Mobility IPO and Shree Tirupati Balajee IPO.

IPO Details

ECO Mobility IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shree Tirupati Balajee IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  ECO Mobility IPO Shree Tirupati Balajee IPO
Logo ECO Mobility IPO Logo Shree Tirupati Balajee IPO Logo
Issue Category Mainline Mainline
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE, NSE BSE, NSE
Lead Managers Equirus Capital Private Limited

Iifl Securities Ltd
Pnb Investment Services Ltd

Unistone Capital Pvt Ltd
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of ECO Mobility IPO is up to ₹601.20 Cr whereas the issue size of the Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of ECO Mobility IPO is ₹334.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

  ECO Mobility IPO Shree Tirupati Balajee IPO
Face Value ₹2 per share ₹10 per share
Issue Price (Lower) ₹318.00 per share ₹78.00 per share
Issue Price (Upper) ₹334.00 per share ₹83.00 per share
Issue Price (Final) ₹334.00 per share ₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 44 shares 180 shares
Fresh Issue Size 1,47,50,000 shares
Fresh Issue Size (Amount) up to ₹122.43 Cr
OFS Issue Size 1,80,00,000 shares 56,90,000 shares
OFS Issue Size (Amount) up to ₹601.20 Cr up to ₹47.23 Cr
Issue Size Total 1,80,00,000 shares 2,04,40,000 shares
Issue Size Total (Amount) up to ₹601.20 Cr up to ₹169.65 Cr

IPO Timetable

ECO Mobility IPO opens on Aug 28, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of ECO Mobility IPO and Shree Tirupati Balajee IPO is Aug 30, 2024, and Sep 09, 2024, respectively.

  ECO Mobility IPO Shree Tirupati Balajee IPO
Anchor Bid Date Aug 27, 2024 Sep 04, 2024
Issue Open Aug 28, 2024 Sep 05, 2024
Issue Close Aug 30, 2024 Sep 09, 2024
Basis Of Allotment (Tentative) Sep 02, 2024 Sep 10, 2024
Initiation of Refunds (Tentative) Sep 03, 2024 Sep 11, 2024
Credit of Share (Tentative) Sep 03, 2024 Sep 11, 2024
Listing date (Tentative) Sep 04, 2024 Sep 12, 2024
Anchor Lockin End date 1 Oct 02, 2024 Oct 10, 2024
Anchor Lockin End date 2 Dec 01, 2024 Dec 09, 2024

Financials

ECO Mobility IPO P/E ratio is 32.05, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

  ECO Mobility IPO Shree Tirupati Balajee IPO
Financial

ECOS (India) Mobility & Hospitality Limited Financial Information (Restated Consolidated)

ECOS (India) Mobility & Hospitality Limited's revenue increased by 34% and profit after tax (PAT) rose by 43% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets296.66229.71112.38
Revenue568.21425.43151.55
Profit After Tax62.5343.599.87
Net Worth177.41115.1371.56
Reserves and Surplus165.41115.0771.5
Total Borrowing21.7232.953.34
Amount in ₹ Crore

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets516.94392.46391.89
Revenue552.82478.14453.79
Profit After Tax36.0720.7213.66
Net Worth173.07110.2192.23
Reserves and Surplus106.24109.05
Total Borrowing243.69223.81240.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 97.75% 88.38%
Promoter Shareholding (Post-Issue) 67.75% 65.42%
P/E Ratio 32.05 15.37
Market Cap ₹2004.00 Cr. ₹677.04 Cr.
ROE 42.75%% 20.84%%
ROCE 42.88%% 16.29%%
Debt/Equity 0.12 1.41
EPS ₹10.42 ₹5.40
RoNW 42.75%% 20.84%%

Shares Offered

In the ECO Mobility IPO retail investors (RII) are offered 63,00,000 shares while in Shree Tirupati Balajee IPO retail investors are offered 63,00,000 shares. Qualified institutional buyers (QIB) are offered 36,00,000 shares in ECO Mobility IPO and 40,88,000 shares in Shree Tirupati Balajee IPO.

  ECO Mobility IPO Shree Tirupati Balajee IPO
Anchor Investor Reserveration 54,00,000 shares 61,32,000 shares
Market Maker Reserveration
QIB 36,00,000 shares 40,88,000 shares
NII 27,00,000 shares 30,66,000 shares
RII 63,00,000 shares 71,54,000 shares
Employee 0 shares 0 shares
Others
Total 1,26,00,000 shares 1,43,08,000 shares

Bids Received (Subscription)

ECO Mobility IPO subscribed 64.18x in total, whereas Shree Tirupati Balajee IPO subscribed 124.74x.

  ECO Mobility IPO Shree Tirupati Balajee IPO
QIB (times) 136.85x 150.87x
NII (times) 71.17x 210.12x
Big NII (times) 74.66x 225.47x
Small NII (times) 64.19x 179.41x
RII (times) 19.66x 73.22x
Employee (times)
Other (times)
Total (times) 64.18x 124.74x

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