IPO Details
Bidding Dates
14 Dec '23 - 18 Dec '23
Minimum Investment
₹130,000 / 1 Lots ( 2000 Shares )
Price Range
₹65
Maximum Investment
₹130,000 / 1 Lots ( 2000 Shares )
Retail Discount
Not Applicable
Issue Size
₹24.60 Cr
Investor category and sub category
Non-Institutional Buyers | Retail Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Dec 14, 2023
IPO Closing Date
Dec 18, 2023
Basis of Allotment
Dec 19, 2023
Initiation of Refunds
Dec 20, 2023
Credit of Shares to Demat Account
Dec 20, 2023
IPO Listing Date
Dec 21, 2023
UPI Mandate Expiry Date
Dec 18, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Dec 14, 2023 |
1.67x | 1.82x | 2.18x |
Day 2Dec 15, 2023 |
2.16x | 3.99x | 3.50x |
Day 3Dec 18, 2023 |
6.82x | 9.30x | 8.52x |
IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 6.82 |
| Retail Investors | 9.30 |
| Total | 8.52 |
About Company
Incorporated on December 28, 2006, Shree OSFM E-Mobility Limited provides employee transportation services to large MNCs in India. They offer their employee transportation services to various companies in the Aviation, IT/ITES, and many other sectors. Their client base includes major players, such as Accenture, JP Morgan, Capgemini, Morgan Stanley, etc.
As of November 2023, the company operates with a fleet of more than 1,475 with various vehicles, including sedans, small cars, luxury cars, SUVs and buses. 217 vehicles are owned by the company, and the rest are leased from vendors. The company operates at 42 sites across Navi Mumbai, Mumbai, Kolkata, Bangalore and Pune.
Employee transportation is one of the biggest costs for companies. About 7 million employees of several industries are offered transportation by their companies. Approximately US $2 billion per year is spent by companies on employee transportation. This shows that there is a potential opportunity for Shree OSFM E-Mobility Limited.
Shree OSFM E-Mobility Limited IPO Details
Shree OSFM E-Mobility Limited IPO Date
Shree OSFM E-Mobility Limited’s IPO will open on December 14, 2023, and close on December 18, 2023. The IPO will be listed on the NSE Emerge on December 21, 2023.
Shree OSFM E-Mobility Limited IPO Price Band
Shree OSFM E-Mobility Limited is a fresh IPO of 37,84,000 equity shares, aggregating ₹2,459.60 lakhs. The price of the IPO is ₹65 per share.
Shree OSFM E-Mobility Limited IPO Lot Size
Shree OSFM E-Mobility Limited’s IPO lot size is 2,000 shares.
Shree OSFM E-Mobility Limited IPO Objectives
The objectives of Shree OSFM E-Mobility Limited's IPO are listed below:
- To fund the purchase of passenger vehicles.
- For general corporate purposes.
- To fund the additional working capital requirements.
Peer Details
As per DRHP, VRL Logistics Limited is the listed peers whose business portfolio is comparable to the company.
How To Check the Shree OSFM E-Mobility Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the Shree OSFM E-Mobility Limited IPO.
Contact Details of Shree OSFM E-Mobility Limited IPO
- Registered office: 104, Green Park, Plot No. 2 & 3, Sector 3, Opp. Ghansoli Rly Station, Ghansoli, New Mumbai - 400701, Maharashtra, India.
- Phone: +91 22 27544431
- E-mail: cs@shreeosfm.com
Company Financials
| Particulars ( (₹ in lakhs) | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Revenue | 8,261.01 | 3,079.58 | 2,978.51 |
| Profit After Tax (PAT) | 309.09 | 162.78 | 73.76 |
| EBITDA | 823.96 | 360.94 | 305.40 |
| Net Debt | 15.40 | -655.68 | -611.49 |
| EPS (in ₹) | 2.94 | 10.85 | 4.92 |
Know before investing
Strengths
3-
The company holds more than 2 decades of experience and relationships with clients in the Aviation, IT/ITES, Aviation, etc., sectors.
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The company understands the client's requirements and offers high-quality services with respect to vehicles and drivers.
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The company is engaged in the business of people logistics, which has benefits like stable cash flow and assured business.
Risks
3-
The company’s operations are dependent on the vehicles and drivers. On failing to maintain the relationship with drivers and vendors, the operations can be delayed.
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If the company doesn’t meet the client's requirements, it can lead to penalties and reduce its profitability.
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Currently, the company operates only in a few regions in India.
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Shree OSFM E-Mobility Ltd IPO FAQs
The Shree OSFM E-Mobility Ltd IPO contains a fresh IPO of 37,84,000 equity shares, aggregating ₹2,459.60 lakhs. The price of the IPO is ₹65 per share. The IPO will open on December 14, 2023.
The Basis of Allotment will happen on Tuesday, December 19, 2023.
The IPO subscription window will open on Thursday, December 14, 2023.
The minimum lot size is 2,000 shares.
Shree OSFM E-Mobility Ltd IPO will be listed on the NSE on Thursday, December 21, 2023.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is December 21, 2023, for Shree OSFM E-Mobility Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
