Fixed Price IPO | ₹25 Cr | Listed at NSE SME | Thu, Dec 14, 2023 - Mon, Dec 18, 2023
Shree OSFM E-Mobility IPO is a fixed price issue of ₹24.60 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹24.60 crore.
Shree OSFM E-Mobility IPO bidding started from Dec 14, 2023 and ended on Dec 18, 2023. The allotment for Shree OSFM E-Mobility IPO was finalized on Dec 19, 2023. The shares got listed on NSE SME on Dec 21, 2023.
Shree OSFM E-Mobility IPO price is ₹65 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Bhh Securities Pvt.Ltd..
Refer to Shree OSFM E-Mobility IPO RHP for detailed Information.
IPO Open
Thu, Dec 14, 2023
IPO Close
Mon, Dec 18, 2023
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹92.85 Cr
| IPO Date | 14 to 18 Dec, 2023 |
| Listed on | Thu, Dec 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,84,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 2,00,000 shares Bhh Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 35,84,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 35,84,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,05,00,000 shares |
| Share Holding Post Issue | 1,42,84,000 shares |
| NSE Symbol | SHREEOSFM |
| ISIN | INE02S501018 |
Shree OSFM E-Mobility IPO comprises a total issue size of 37,84,000 shares. The net offer to the public is 35,84,000 shares, after excluding 2,00,000 shares allotted on a firm basis. Of the Net offer 17,92,000 (50.00%) allocated to NII 17,92,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,92,000 | 50.00% | 47.36% |
| Retail Shares Offered | 17,92,000 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,000 | 5.29% | |
| Total Shares Offered | 37,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
Incorporated in 2006, Shree OSFM E-Mobility Limited provides transportation services to employees of large multinational companies in major Indian cities. The company operates a fleet of more than 1475 vehicles, including small cars, sedans, SUVs, luxury cars and buses. Of these, 217 vehicles are owned by the company, while the rest are leased from various providers.
Shree OSFM operates on an "asset-light" model. Typical operating parameters are a monthly rental, per kilometre, per passenger trip and package mode.
The company has branches in 42 locations in cities such as Mumbai, Navi Mumbai, Pune, Bengaluru and Kolkata. Shree OSFM E-Mobility's clients include JP Morgan, Morgan Stanley, Cape Gemini, Accenture etc.
The service portfolio of Shree OSFM E-Mobility includes:
The Company recorded total revenue of Rs. 8,261.01 lacs, Rs. 3,079.58 lacs and Rs. 2,978.51 lacs for the financial years 2023, 2022 and 2021 respectively.
Competitive strengths:-
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 50.20 | 42.04 | 25.88 | 29.10 |
| Total Income | 55.97 | 82.61 | 30.80 | 29.79 |
| Profit After Tax | 2.23 | 3.09 | 1.63 | 0.74 |
| NET Worth | 22.68 | 20.45 | 17.36 | 16.08 |
| Reserves and Surplus | 12.18 | 9.95 | 15.86 | 14.58 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding additional Working capital requirements | 5.11 |
| 2 | Purchase of Passenger Vehicles | 12.22 |
| 3 | General Corporate Purposes | 5.67 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 9 |
| ROCE | 21 |
| Debt/Equity | 0.45 |
| RoNW | 15.11 |
| PAT Margin | 3.74% |
| EBITDA Margin | 9.97% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.94 | |
| P/E (x) | 22.08 | 20.83 |
| Promoter Holding | 76.02% | 55.88% |
| Market Cap | ₹92.85 Cr. |
The Shree OSFM E-Mobility IPO is subscribed 8.52 times on December 18, 2023 7:29:00 PM (Day 3). The public issue subscribed 9.30 times in the retail category, [.] times in the QIB category, and 6.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.82 | 17,92,000 | 1,22,28,000 |
| Retail | 9.30 | 17,92,000 | 1,66,74,000 |
| Total | 8.52 | 35,84,000 | 3,05,26,000 |
Total Applications: 8,337
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 1.20 |
| 2 | Advertising and marketing expenses | 0.26 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.04 |
| 4 | Regulatory and other expenses including Listing Fee | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹65.00 |
| Low | ₹63.00 |
| High | ₹68.25 |
| Last Trade | ₹68.25 |
Lead Manager Reports
Shree OSFM E-Mobility IPO is a SME IPO of 37,84,000 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Dec 14, 2023, and closes on Mon, Dec 18, 2023.
Bigshare 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 Shree OSFM E-Mobility IPO using UPI as a payment gateway. Zerodha customers can apply in Shree OSFM E-Mobility IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree OSFM E-Mobility IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree OSFM E-Mobility IPO opens on Thu, Dec 14, 2023 and closes on Mon, Dec 18, 2023.
Shree OSFM E-Mobility IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in Shree OSFM E-Mobility 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 Shree OSFM E-Mobility IPO will be done on Tuesday, December 19, 2023, and the allotted shares will be credited to your demat account by Wed, Dec 20, 2023. Check the Shree OSFM E-Mobility IPO allotment status.
The Shree OSFM E-Mobility IPO listing date is on Thu, Dec 21, 2023.
