Ecofuel Systems India IPO Details
Ecofuel Systems India IPO Summary
Ecofuel Systems India IPO DRHP (Draft Red Herring Prospectus) has been Offer Document Withdrawn.
Ecofuel Systems India IPO total issue size comprises 60,03,200 shares . This includes a fresh issue of 60,03,200 shares . Pre-issue shareholding stands at 1,57,45,761, which will increase to 2,17,48,961 post-issue.
Ecofuel Systems India IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
The Lead Managers for Ecofuel Systems India IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Arihant Capital Markets Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Ecofuel Systems India Limited DRHP.
Ecofuel Systems India IPO Details
Ecofuel Systems India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| To be announced | |||
Ecofuel Systems India IPO Reservation
Promoter Holding
Documents
Ecofuel Systems India IPO Valuations
Ecofuel Systems India Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 85.56 | 91.41 | 77.43 | 72.27 |
| Revenue | 48.97 | 76.3 | 47.98 | 166.46 |
| Profit After Tax | 6.49 | 7.6 | 1.76 | 7.26 |
| Net Worth | 65.53 | 59.05 | 51.4 | 49.6 |
| Total Borrowing | 4.7 | 19.13 | 18.77 | 13.29 |
| Amount in ₹ Crore | ||||
About Ecofuel Systems India IPO
Incorporated in January 2003, Eco Fuel Systems (India) Limited trades, distributes, retrofits, integrates, and tests alternative fuel systems, such as LPG, CNG, and LNG conversion kits for three-wheelers, four-wheelers, and heavy-duty vehicles.
The company's operations are primarily conducted on a B2B and retail basis in India.
The company has sole distribution rights in India for the promotion, marketing, sale, installation, and aftermarket assistance of LPG, CNG, and LNG conversion kits under the LOVATO brand.
As of September 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, the company had revenue from operations of ₹ 4,647.13 lakhs, ₹ 7,539.08 lakhs, ₹ 4,702.39 lakhs and ₹ 16,471.92 lakhs in the same respective periods.
As of December 31, 2024, the company employed 55 people, including their Directors.
Competitive Strength
- Experienced Management Team
- Poised to capture growth in the CNG Vehicles Market India.
- Exclusive agreement with Landi Renzo SpA
- Involved in automobile ancillary projects for retail customers via dealers, distributors, government tenders, and corporate clients.
- Distribute products based on customer demand.
Strength Of Ecofuel Systems India IPO
Risk Of Ecofuel Systems India IPO
Objectives Ecofuel Systems India IPO
- Funding the capital expenditure requirements of the company by investment in Purchase of Vehicles, Modification, Development & Approval Cost.
- Funding the working capital requirements of the Company, and
- Loan to subsidiary Company, Ecofuel Cylinders Private Limited, to meet its Working Capital requirement.
- General corporate purposes.
Company Contact Details
Ecofuel Systems India Limited
B-102, Bellona Bldg.,
Pant Nagar 90 Feet Road,
Ghatkopar (E)
Mumbai, Maharashtra
Phone: +91 022-4089550
Email: ipo@ecofuelsystemindia.com
Website: http://www.ecofuel.in/
Registrar Contact Details
Market Maker
Ecofuel Systems India FAQs
The Ecofuel Systems India IPO is a SME public issue comprising 6003200 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Skyline Financial Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at TBA.
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