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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 ₹65.00 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). The minimum lot size investment for 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 Date | December 14, 2023 to December 18, 2023 |
| Listing Date | December 21, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,84,000 shares (aggregating up to ₹24.60 Cr) |
| Reserved for Market Maker | 2,00,000 shares Bhh Securities Pvt.Ltd. (aggregating up to ₹1.30 Cr) |
| Net Offered to Public | 35,84,000 shares (aggregating up to ₹23.30 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,05,00,000 shares |
| Share Holding Post Issue | 1,42,84,000 shares |
Shree OSFM E-Mobility IPO offers total 37,84,000 shares. Out of which 17,92,000 (47.36%) allocated to NII, 17,92,000 (47.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.29%) |
| NII (HNI) Shares Offered | 17,92,000 (47.36%) |
| Retail Shares Offered | 17,92,000 (47.36%) |
| Total Shares Offered | 37,84,000 (100.00%) |
Shree OSFM E-Mobility IPO opens on December 14, 2023, and closes on December 18, 2023.
| IPO Open Date | Thu, Dec 14, 2023 |
| IPO Close Date | Mon, Dec 18, 2023 |
| Tentative Allotment | Tue, Dec 19, 2023 |
| Initiation of Refunds | Wed, Dec 20, 2023 |
| Credit of Shares to Demat | Wed, Dec 20, 2023 |
| Tentative Listing Date | Thu, Dec 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 18, 2023 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:-
Shree OSFM E-Mobility Limited's revenue increased by 168.25% and profit after tax (PAT) rose by 89.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,019.67 | 4,203.97 | 2,588.41 | 2,909.86 |
| Total Income | 5,597.09 | 8,261.01 | 3,079.58 | 2,978.51 |
| Profit After Tax | 222.59 | 309.09 | 162.78 | 73.76 |
| Net Worth | 2,267.95 | 2,045.36 | 1,736.27 | 1,607.99 |
| Reserves and Surplus | 1,217.95 | 995.36 | 1,586.27 | 1,457.99 |
| Total Borrowing | ||||
| Amount in ₹ Lakhs | ||||
The market capitalization of Shree OSFM E-Mobility IPO is ₹92.85 Cr.
| KPI | Values |
|---|---|
| ROE | 0.09% |
| ROCE | 0.21% |
| Debt/Equity | 0.45 |
| RoNW | 15.11% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is engaged in providing transport services for the employees of the MNCs and other companies. It has posted inconsistency in its bottom lines for the reported periods and also bumper top lines from FY23 onwards. It is operating in fragmented segment. Based on FY24 earnings the issue appears greedily priced. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | December 21, 2023 |
| BSE Script Code | |
| NSE Symbol | SHREEOSFM |
| ISIN | INE02S501018 |
| Final Issue Price | ₹65 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹65.00 |
| Low | ₹63.00 |
| High | ₹68.25 |
| Last Trade | ₹68.25 |
Shree OSFM E-Mobility Ltd.
104, Green Park, Plot No. 2 & 3,
Sector 3, Opp. Ghansoli Rly Station,
Ghansoli,
Mumbai, Maharashtra, 400701
Phone: +91 22 27544431
Email: cs@shreeosfm.com
Website: https://shreeosfm.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shree OSFM E-Mobility IPO is a SME IPO of 37,84,000 equity shares of the face value of ₹10 aggregating up to ₹24.60 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on December 14, 2023, and closes on December 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 December 14, 2023 and closes on December 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 Wednesday, December 20, 2023. Check the Shree OSFM E-Mobility IPO allotment status.
The Shree OSFM E-Mobility IPO listing date is on Thursday, December 21, 2023.
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