Bookbuilding IPO | ₹50 Cr | Listed at NSE SME | Fri, Mar 31, 2023 - Thu, Apr 6, 2023
MOS Utility IPO is a book build issue of ₹49.97 crores. The issue is a combination of fresh issue of 0.58 crore shares aggregating to ₹43.89 crores and offer for sale of 0.08 crore shares aggregating to ₹6.08 crores.
MOS Utility IPO bidding started from Mar 31, 2023 and ended on Apr 6, 2023. The allotment for MOS Utility IPO was finalized on Apr 12, 2023. The shares got listed on NSE SME on Apr 18, 2023.
MOS Utility IPO price band is set at ₹76 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,21,600 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,43,200.
Unistone Capital Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to MOS Utility IPO RHP for detailed Information.
IPO Open
Fri, Mar 31, 2023
IPO Close
Thu, Apr 6, 2023
Issue Price
₹76 per share
Market Cap (Pre-IPO)
₹189.51 Cr
| IPO Date | 31 Mar to 6 Apr, 2023 |
| Listed on | Tue, Apr 18, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹76 |
| Issue Price | ₹76 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,74,400 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 3,29,600 shares Rikhav Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 54,44,800 shares (agg. up to ₹41 Cr) |
| Offer for Sale | 8,00,000 shares of ₹10 (agg. up to ₹6 Cr) |
| Net Offered to Public | 62,44,800 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 1,91,61,186 shares |
| Share Holding Post Issue | 2,49,35,586 shares |
| NSE Symbol | MOS |
| ISIN | INE0N7S01010 |
MOS Utility IPO comprises a total issue size of 65,74,400 shares. The net offer to the public is 62,44,800 shares, after excluding 3,29,600 shares allotted on a firm basis. Of the Net offer 31,21,600 (49.99%) are allocated to QIB, 9,37,600 (15.01%) allocated to NII 21,85,600 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,21,600 | 49.99% | 47.48% |
| − Anchor Investor Shares Offered | 15,98,400 | 24.31% | |
| − QIB (Ex. Anchor) Shares Offered | 15,23,200 | 23.17% | |
| NII (HNI) Shares Offered | 9,37,600 | 15.01% | 14.26% |
| Retail Shares Offered | 21,85,600 | 35.00% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,29,600 | 5.01% | |
| Total Shares Offered | 65,74,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,21,600 |
| Retail (Max) | 1 | 1,600 | ₹1,21,600 |
| HNI (Min) | 2 | 3,200 | ₹2,43,200 |
MOS Utility IPO raises ₹12.15 crore from anchor investors. MOS Utility IPO Anchor bid date is March 29, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Mar 29, 2023 |
| Shares Offered | 15,98,400 |
| Anchor Portion (₹ Cr.) | 12.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, May 12, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jul 11, 2023 |
Incorporated in 2009, MOS Utility Limited provides digital products and services in the B2C, B2B, and financial technology fields through an integrated business model.
The company provides business opportunities for shopkeepers, retailers, students, housewives, professionals, and insurance agents to start their own online e-commerce business to promote the government's "Vocal for Local" campaign.
MOS Utility has seven primary business segments, namely: banking, travel, insurance, utility services, entertainment services, franchisee, and other services.
The company combines over 1,68,018 network partners including agents, distributors, and master distributors for payment solutions, remittance, utility, travel, and insurance products, etc throughout PAN India with a digital online platform.
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 49.71 | 35.13 | 24.59 | 25.13 |
| Total Income | 54.35 | 80.96 | 67.92 | 91.57 |
| Profit After Tax | 1.96 | 1.58 | 0.85 | 1.29 |
| NET Worth | 19.41 | 8.45 | 6.87 | 6.02 |
| Reserves and Surplus | 0.62 | 8.26 | 6.68 | 5.83 |
| Total Borrowing | 8.79 | 12.96 | 8.12 | 5.38 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 26.00 |
| 2 | General corporate purposes | 11.25 |
| KPI | |
|---|---|
| ROE | 20.59 |
| ROCE | 12.91 |
| Debt/Equity | 1.53 |
| RoNW | 18.66 |
| PAT Margin | 1.95% |
| EBITDA Margin | 4.87% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.86 | |
| P/E (x) | 48.41 | |
| Promoter Holding | 82.91% | |
| Market Cap | ₹189.51 Cr. |
The MOS Utility IPO is subscribed 21.14 times on April 6, 2023 7:30:00 PM (Day 4). The public issue subscribed 11.98 times in the retail category, 11.67 times in the QIB category, and 57.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 11.67 | 15,23,200 | 1,77,72,800 |
| NII* | 57.9 | 9,37,600 | 5,42,86,400 |
| Retail | 11.98 | 21,85,600 | 2,61,85,600 |
| Total | 21.14 | 46,46,400 | 9,82,44,800 |
Total Application : 16,366
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs(3)(4)(5) etc.) | 2.52 |
| 2 | Offer relating expenses such as fees to Book Running Lead Manager Fixed Fee, Registrar to the Offer Legal Advisors, Auditors, Paper Advertisements, Marketing and Selling and other expenses incurred/ to be incurred including promotional expenses | 4.54 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses | 0.50 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹76.00 |
| Open | ₹90.00 |
| Low | ₹90.00 |
| High | ₹94.50 |
| Last Trade | ₹94.50 |
Lead Manager Reports
MOS Utility IPO is a SME IPO of 65,74,400 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹76 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Mar 31, 2023, and closes on Thu, Apr 6, 2023.
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 MOS Utility IPO using UPI as a payment gateway. Zerodha customers can apply in MOS Utility IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MOS Utility IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MOS Utility IPO opens on Fri, Mar 31, 2023 and closes on Thu, Apr 6, 2023.
MOS Utility IPO lot size is 1600, and the minimum amount required for application is ₹1,21,600.
You can apply in MOS Utility 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 MOS Utility IPO will be done on Wednesday, April 12, 2023, and the allotted shares will be credited to your demat account by Mon, Apr 17, 2023. Check the MOS Utility IPO allotment status.
The MOS Utility IPO listing date is on Tue, Apr 18, 2023.
