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MOS Utility IPO is a book built issue of Rs 49.97 crores. The issue is a combination of fresh issue of 57.74 lakh shares aggregating to Rs 43.89 crores and offer for sale of 8 lakh shares aggregating to Rs 6.08 crores.
MOS Utility IPO bidding started from March 31, 2023 and ended on April 6, 2023. The allotment for MOS Utility IPO was finalized on Wednesday, April 12, 2023. The shares got listed on NSE SME on April 18, 2023.
MOS Utility IPO price band is set at ₹72 to ₹76 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹121,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹243,200.
Unistone Capital Pvt Ltd is the book running lead manager of the MOS Utility IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for MOS Utility IPO is Rikhav Securities.
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 |
| Price Band | ₹72 to ₹76 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,574,400 shares (aggregating up to ₹49.97 Cr) |
| Fresh Issue | 5,774,400 shares (aggregating up to ₹43.89 Cr) |
| Offer for Sale | 800,000 shares of ₹10 (aggregating up to ₹6.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 19,161,186 |
| Share holding post issue | 24,935,586 |
| Market Maker portion | 329,600 shares Rikhav Securities |
MOS Utility IPO offers 6,574,400 shares. 1,523,200 (23.17%) to QIB, 937,600 (14.26%) to NII, 2,185,600 (33.24%) to RII 1,598,400 (24.31%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,598,400 (24.31%) |
| Market Maker Shares Offered | 329,600 (5.01%) |
| QIB Shares Offered | 1,523,200 (23.17%) |
| NII (HNI) Shares Offered | 937,600 (14.26%) |
| Retail Shares Offered | 2,185,600 (33.24%) |
| Total Shares Offered | 6,574,400 (100%) |
MOS Utility IPO raises Rs 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 | 1,598,400 |
| 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 | Friday, March 31, 2023 |
| IPO Close Date | Thursday, April 6, 2023 |
| Basis of Allotment | Wednesday, April 12, 2023 |
| Initiation of Refunds | Thursday, April 13, 2023 |
| Credit of Shares to Demat | Monday, April 17, 2023 |
| Listing Date | Tuesday, April 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 6, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹121,600 |
| Retail (Max) | 1 | 1600 | ₹121,600 |
| HNI (Min) | 2 | 3,200 | ₹243,200 |
| Lot Size Calculator | |||
Chirag Shah, Kurjibhai Rupareliya and Sky Occean Infrastructure Limited are the company promoters.
| Share Holding Pre Issue | 82.91% |
| 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 Rs 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...
The MOS Utility IPO is subscribed 21.14 times on April 6, 2023 7:30:00 PM. The public issue subscribed 11.98 times in the retail category, 11.67 times in the QIB category, and 57.90 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 11.67 |
| NII | 57.90 |
| Retail | 11.98 |
| Total | 21.14 |
Total Application : 16,366 (16.11 times)
| Listing Date | April 18, 2023 |
| BSE Script Code | |
| NSE Symbol | MOS |
| ISIN | INE0N7S01010 |
| Final Issue Price | ₹76 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹76.00 |
| ₹90.00 |
| ₹90.00 |
| ₹94.50 |
| ₹94.50 |
MOS Utility Limited
12th Floor, Atul First Avenue, Above Kia Motors
Showroom, Goregaon - Mulund Link Rd,
Malad West, Mumbai- 400064
Phone: +91 84337 24642
Email: secretarial@mos-world.com
Website: https://www.mos-world.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Check our SME IPO Guide 
MOS Utility IPO is a SME IPO of 6,574,400 equity shares of the face value of ₹10 aggregating up to ₹49.97 Crores. The issue is priced at ₹72 to ₹76 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 31, 2023, and closes on April 6, 2023.
Skyline Financial Services Private 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 Shares, and the minimum amount required is ₹121,600.
You can apply in MOS Utility IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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