Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Ecofuel Systems India Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 28, 2025.
Ecofuel Systems India Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. Arihant Capital Markets Ltd. was the book running lead manager and Skyline Financial Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Feb 25, 2025 |
| Offer document withdrawn | Wed, May 28, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
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
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 85.56 | 91.41 | 77.43 | 72.27 |
| Total Income | 48.97 | 76.30 | 47.98 | 166.46 |
| Profit After Tax | 6.49 | 7.60 | 1.76 | 7.26 |
| NET Worth | 65.53 | 59.05 | 51.40 | 49.60 |
| Total Borrowing | 4.70 | 19.13 | 18.77 | 13.29 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 13.76% |
| ROCE | 15.03% |
| Debt/Equity | 0.32 |
| RoNW | 12.87% |
| PAT Margin | 10.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.69% |
Lead Manager Reports
Ecofuel Systems India IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Ecofuel Systems India IPO open and close dates are not available as of now.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ecofuel Systems India IPO using UPI as a payment gateway. Zerodha customers can apply in Ecofuel Systems India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ecofuel Systems India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ecofuel Systems India IPO dates are not announced. Please check back again after some time.
Ecofuel Systems India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Ecofuel Systems India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ecofuel Systems India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ecofuel Systems India IPO allotment status.
The Ecofuel Systems India IPO listing date is not yet announced. The tentative date of listing is .
