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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 ₹76.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,15,200 (1600 shares). The minimum lot size investment for 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 Date | March 31, 2023 to April 6, 2023 |
| Listing Date | April 18, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹72 to ₹76 per share |
| Issue Price Final | ₹76 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 65,74,400 shares (aggregating up to ₹49.97 Cr) |
| Reserved for Market Maker | 3,29,600 shares Rikhav Securities Ltd. (aggregating up to ₹2.50 Cr) |
| Fresh Issue (Ex Market Maker) | 54,44,800 shares (aggregating up to ₹41.38 Cr) |
| Offer for Sale | 8,00,000 shares of ₹10 (aggregating up to ₹6.08 Cr) |
| Net Offered to Public | 62,44,800 shares (aggregating up to ₹47.46 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,91,61,186 shares |
| Share Holding Post Issue | 2,49,35,586 shares |
MOS Utility IPO offers total 65,74,400 shares. Out of which 31,21,600 (47.48%) allocated to QIB, 15,23,200 (23.17%) allocated to QIB, 9,37,600 (14.26%) allocated to NII, 21,85,600 (33.24%) allocated to RII and 15,98,400 (24.31%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,29,600 (5.01%) |
| QIB Shares Offered | 31,21,600 (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 (14.26%) |
| Retail Shares Offered | 21,85,600 (33.24%) |
| Total Shares Offered | 65,74,400 (100.00%) |
MOS Utility IPO raises ₹12.15 crore from anchor investors. MOS Utility IPO Anchor bid date is March 29, 2023. MOS Utility IPO Anchor Investors list
| Bid Date | March 29, 2023 |
| Shares Offered | 15,98,400 |
| Anchor Portion Size (In Cr.) | 12.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 12, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 11, 2023 |
MOS Utility IPO opens on March 31, 2023, and closes on April 6, 2023.
| IPO Open Date | Fri, Mar 31, 2023 |
| IPO Close Date | Thu, Apr 6, 2023 |
| Tentative Allotment | Wed, Apr 12, 2023 |
| Initiation of Refunds | Thu, Apr 13, 2023 |
| Credit of Shares to Demat | Mon, Apr 17, 2023 |
| Tentative Listing Date | Tue, Apr 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 6, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,513.42 | 9,156.51 | 128.59 | 602.42 | 583.23 | 538.08 |
| 31-Mar-21 | 2,459.02 | 6,792.07 | 84.69 | 687.11 | 667.92 | 812.23 |
| 31-Mar-22 | 3,513.48 | 8,096.01 | 157.67 | 844.78 | 825.60 | 1,296.32 |
| 30-Sep-22 | 4,970.94 | 5,435.41 | 195.84 | 1,940.63 | 62.01 | 878.59 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of MOS Utility IPO is ₹189.51 Cr.
| KPI | Values |
|---|---|
| ROE | 14.06% |
| ROCE | 11.26% |
| Debt/Equity | 0.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 48.41 |
The company intends to utilize the proceeds of the issue for the following objectives:
[Dilip Davda] The company is engaged in the business of technology-based digital products and service-related activities. It has posted average financial data so far. Based on its recent earnings, the issue appears fully priced discounting near-term positives. Well-informed/cash surplus risk seekers may consider parking of funds for medium to long term. Read detail review...
| Listing Date | April 18, 2023 |
| BSE Script Code | |
| NSE Symbol | MOS |
| ISIN | INE0N7S01010 |
| Final Issue Price | ₹76 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹76.00 |
| Open | ₹90.00 |
| Low | ₹90.00 |
| High | ₹94.50 |
| Last Trade | ₹94.50 |
MOS Utility Ltd.
12th Floor, Atul First Avenue, Above Kia Motors
Showroom, Goregaon - Mulund Link Rd,
Malad West,
Mumbai, Maharashtra, 400064
Phone: +91 84337 24642
Email: secretarial@mos-world.com
Website: https://www.mos-world.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
MOS Utility IPO is a SME IPO of 65,74,400 equity shares of the face value of ₹10 aggregating up to ₹49.97 Crores. The issue is priced at ₹76 per share. The minimum order quantity is 1600.
The IPO opens on March 31, 2023, and closes on April 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 March 31, 2023 and closes on April 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 Monday, April 17, 2023. Check the MOS Utility IPO allotment status.
The MOS Utility IPO listing date is on Tuesday, April 18, 2023.
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