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Shree OSFM E-Mobility IPO is a fixed price issue of Rs 24.60 crores. The issue is entirely a fresh issue of 37.84 lakh shares.
Shree OSFM E-Mobility IPO bidding started from December 14, 2023 and ended on December 18, 2023. The allotment for Shree OSFM E-Mobility IPO was finalized on Tuesday, December 19, 2023. The shares got listed on NSE SME on December 21, 2023.
Shree OSFM E-Mobility IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹260,000.
First Overseas Capital Limited is the book running lead manager of the Shree OSFM E-Mobility IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shree OSFM E-Mobility IPO is Bhh Securities.
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 |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,784,000 shares (aggregating up to ₹24.60 Cr) |
| Fresh Issue | 3,784,000 shares (aggregating up to ₹24.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,500,000 |
| Share holding post issue | 14,284,000 |
| Market Maker portion | 200,000 shares Bhh Securities |
Shree OSFM E-Mobility IPO offers 3,784,000 shares. 1,792,000 (47.36%) to NII, 1,792,000 (47.36%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 200,000 (5.29%) |
| Other Shares Offered | 1,792,000 (47.36%) |
| Retail Shares Offered | 1,792,000 (47.36%) |
| Total Shares Offered | 3,784,000 (100%) |
Shree OSFM E-Mobility IPO opens on December 14, 2023, and closes on December 18, 2023.
| IPO Open Date | Thursday, December 14, 2023 |
| IPO Close Date | Monday, December 18, 2023 |
| Basis of Allotment | Tuesday, December 19, 2023 |
| Initiation of Refunds | Wednesday, December 20, 2023 |
| Credit of Shares to Demat | Wednesday, December 20, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 18, 2023 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
| Lot Size Calculator | |||
Mr. Ramnath Chandar Patil and Mr. Nitin Bhagirath Shanbhag are the promoters of the company.
| Share Holding Pre Issue | 76.02% |
| Share Holding Post Issue | 55.88% |
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 |
| Revenue | 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 Rs 92.85 Cr.
| KPI | Values |
|---|---|
| ROE | 0.09% |
| ROCE | 0.21% |
| Debt/Equity | 0.45 |
| RoNW | 15.11% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.94 | |
| P/E (x) | 22.08 | 20.83 |
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...
The Shree OSFM E-Mobility IPO is subscribed 8.52 times on December 18, 2023 7:29:00 PM. 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 (times) |
|---|---|
| Other | 6.82 |
| Retail | 9.30 |
| Total | 8.52 |
Total Application : 8,337 (9.30 times)
| Listing Date | December 21, 2023 |
| BSE Script Code | |
| NSE Symbol | SHREEOSFM |
| ISIN | INE02S501018 |
| Final Issue Price | ₹65 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹65.00 |
| ₹65.00 |
| ₹63.00 |
| ₹68.25 |
| ₹68.25 |
Shree OSFM E-Mobility Limited
104, Green Park, Plot No. 2 & 3,
Sector 3, Opp. Ghansoli Rly Station,
Ghansoli, New Mumbai - 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
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Shree OSFM E-Mobility IPO is a SME IPO of 3,784,000 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 Shares.
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 Shares, and the minimum amount required is ₹130,000.
You can apply in Shree OSFM E-Mobility 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 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.
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