IPO Details

Bidding Dates

31 Mar '23 - 06 Apr '23

Minimum Investment

₹121,600 / 1 Lots ( 1600 Shares )

Price Range

₹72 - ₹76

Maximum Investment

₹121,600 / 1 Lots ( 1600 Shares )

Retail Discount

To be announced

Issue Size

₹49.97 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

MOS Utility IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Mar 31, 2023

IPO Closing Date

Apr 6, 2023

Basis of Allotment

Apr 12, 2023

Initiation of Refunds

Apr 13, 2023

Credit of Shares to Demat Account

Apr 17, 2023

IPO Listing Date

Apr 18, 2023

MOS Utility IPO Subscription Details

DateNIIRetailTotal

Day 1Mar 31, 2023

 0.04 0.16 0.23

Day 2Apr 3, 2023

 0.16 1.04 0.67

Day 3Apr 5, 2023

 1.27 2.88 1.76

Day 4Apr 6, 2023

 57.90 11.98 21.14

MOS Utility IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 11.67
Non-Institutional Buyers 57.90
Retail Investors 11.98
Employees [.]
Other [.]
Total 21.14

About Company

MOS Utility Ltd. was incorporated in 2009. It is a technology-enabled digital services provider of B2B, B2C, and financial technology companies. Through an integrated business model, it offers business opportunities to a variety of clients to start their futuristic online businesses. As a service, it provides convergence of financial channels and processes for smooth customer experience regardless of product. Their key product offering is an online platform that integrates and converges front-end-channels with back-end technology functions.

It organises its services primarily to the following seven sectors.

  1. Banking 
  2. Travel
  3. Insurance 
  4. Utility service 
  5. Entertainment services 
  6. Franchise 
  7. Other services

MOS Utility IPO opens for bidding on March 31, 2023. The subscription window will remain open till April 6, 2023. The total IPO size of Rs. 49.97 comprises fresh and offer-for-sale equities. The price band set for the IPO is Rs 72-76 per share, while one lot size contains 1600 shares.

MOS Utility Ltd. IPO Objective 

  • The net proceeds from the sale of fresh issues will be used to meet working capital requirements.
  • As a fund for general corporate purposes and offer related expenses.

Should you invest in MOS Utility Ltd.?

These are the top reasons to consider investing in MOS Utility Ltd.

  1. The company offers services including Direct Bank Transfer, Micro ATM, and Aadhar Enabled Payment System to empower shopkeepers, retailers, students, housewives, professionals, insurance agents etc. to start futuristic online businesses.
  2. It caters to various sectors, including travel, insurance, retail, utility and entertainment services etc. via an integrated B2B, B2C, and B2B2C model. 
  3. Versatility in service offerings allows MOS Utility to diversify its revenue base and reduce dependency on a single industry/client. 

MOS Utility Ltd. Noteworthy highlights 

  • The revenue contribution from the top 10 partners of the company grew from 32.08% in 2020 to 71.66% in 2022. 
  • Under the adopted Phygital strategy (physical+digital) the company has a network of 1,68,018 partners, including agents, distributors, and master distributors. 

MOS Utility Ltd. Company Financials

Particulars Year ending on March 31, 2022 (₹ Lakh) Year ending on March 31, 2021 (₹ Lakh) Year ending on March 31, 2020 (₹ Lakh)
Revenue from Operations 7,734.01 6,766.39 8,819.34
Profit After Tax (PAT) 157.67 84.69 57.87
EBITDA 394.63 176.27 315.85
EBITDA Margin 4.87% 2.60% 3.25%
ROE 20.59% 13.13% 13.75%
Period Ended As on March 31, 2022 (₹ Lakh) As on March 31, 2021 (₹ Lakh) As on March 31, 2020 (₹ Lakh)
Current Asset 1,880.55 1,757.56 1,901.04
Current Liabilities 1,339.22 945.66 1,313.17

Know before investing

Strengths

3

  1. It offers a diversified product portfolio resulting in reduced dependency on a single sector.

  2. Customers can use the platform to cross-sell and make new customer acquisitions.

  3. Experienced management and team with deep domain knowledge provide a competitive edge over competition.

Risks

3

  1. The industry is highly competitive with a large number of listed and unlisted players.

  2. Falling to attract new partners and retaining the existing ones can impact the company’s future revenue.

  3. Future revenue depends on the company’s ability to generate/maintain the fees and commissions.

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MOS Utility IPO FAQs

What is MOS Utility Ltd. IPO?

MOS Utility Ltd. IPO worth Rs.49.97 crore will open for subscription on March 31, 2023. The IPO contains 5,774,400 fresh equities and 800,000 shares in an offer for sale.

IPO shares will be available in the price band of 72-76 per share. .

When will the MOS Utility Ltd. IPO allotment available?

The basis of the allotment date isApril 12, 2023.

What will be the MOS Utility Ltd. IPO lot size?

One lot of MOS Utility Ltd. IPO has 1600 shares.

When will MOS Utility Ltd. IPO open for subscription?

 The IPO will open on March 31, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will MOS Utility Ltd. list on exchanges?

The listing date of MOS Utility Ltd. Ltd. on NSE SME is April 18, 2023.

How to check the allotment status of the MOS Utility Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app.

To check the allotment status, enter the application number, DP ID, and PAN number into the app.

What would be the listing gains on the MOS Utility Ltd. IPO?

Listing gains cannot be ascertained before the IPO is listed on the exchange. You can get this information on the listing date for Command Polymer Ltd., which is April 18, 2023.

I have finished the application process for MOS Utility Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.  

How to approve the UPI mandate request for MOS Utility Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of MOS Utility Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for MOS Utility Ltd. IPO?

The minimum size of the application will be one lot of 1600 shares.The minimum size of the application will be one lot of 1600 shares.