Shree OSFM E-Mobility IPO Details

The Shree OSFM E-Mobility IPO is generating a buzz in the Indian investment community as it opens its doors for subscription from December 14, 2023, to December 18, 2023. With a fixed price issue of Rs 24.60 crores and an entirely fresh issue of 37.84 lakh shares, this IPO promises intriguing investment opportunities. In this blog, we will delve into the details of the Shree OSFM E-Mobility IPO, its objectives, financial performance, and what makes this company stand out in the ever-evolving mobility sector.

Also See: Shree OSFM E-Mobility IPO GMP:

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Shree OSFM E-Mobility IPO Details

Here is an overview of the crucial details of the Shree OSFM E-Mobility IPO:

ParameterDetails
IPO NameShree OSFM E-Mobility IPO
IPO DateDecember 14, 2023, to December 18, 2023
Basis of AllotmentDecember 19, 2023
Listing DateDecember 21, 2023
Face Value₹10 per share
Price₹65 per share
Lot Size2000 Shares
Total Issue Size3,784,000 shares (₹24.60 Cr)
Fresh Issue3,784,000 shares (₹24.60 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Shareholding pre-issue10,500,000
Shareholding post-issue14,284,000
Market Maker portion200,000 shares

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Shree OSFM E-Mobility IPO Reservation

The IPO offers 50% of the net offer to both retail and other investors.

Shree OSFM E-Mobility IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. Retail investors can invest a minimum of ₹130,000, while HNIs can invest in 2 lots (4,000 shares), amounting to ₹260,000.

ApplicationLotsSharesAmount
Retail (Min)12000₹130,000
Retail (Max)12000₹130,000
HNI (Min)24,000₹260,000

Shree OSFM E-Mobility IPO Promoter Holding

Shree OSFM E-Mobility Limited is promoted by Mr. Ramnath Chandar Patil and Mr. Nitin Bhagirath Shanbhag.

  • Shareholding Pre Issue: 76.02%
  • Shareholding Post Issue: 55.88%

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Objectives of the Shree OSFM E-Mobility IPO

The net proceeds from the Shree OSFM E-Mobility IPO will be utilized for:

  1. Funding additional working capital requirements.
  2. Purchase of passenger vehicles.
  3. General corporate purposes.

Financial Performance

Shree OSFM E-Mobility Limited has exhibited significant growth in its financial performance between the financial years ending March 31, 2022, and March 31, 2023:

  • Revenue increased by 168.25%.
  • Profit after tax (PAT) rose by 89.88%.

Here’s a snapshot of the company’s financial performance:

Financial YearTotal Revenue (₹ lacs)
20238,261.01
20223,079.58
20212,978.51

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About Shree OSFM E-Mobility Limited

Incorporated in 2006, Shree OSFM E-Mobility Limited specializes in providing transportation services to employees of large multinational companies in major Indian cities. The company operates a fleet of more than 1475 vehicles, which includes 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, typically charging on parameters such as monthly rental, per-kilometer rate, per passenger trip, and package mode.

The company has established its presence in 42 locations across cities like Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. Some of its esteemed clients include JP Morgan, Morgan Stanley, Cape Gemini, Accenture, among others.

The service portfolio of Shree OSFM E-Mobility includes:

  • Travel Desk Management
  • Roster management services
  • Logistics for corporate events (MICE)
  • Fleet management

Also Read: Benefits of Investing in an IPO

Competitive Strengths

Shree OSFM E-Mobility Limited enjoys several competitive strengths:

  1. Leveraging current customer relationships to promote and sell other services or products.
  2. A strategic focus on acquisitions and joint ventures to expand its product portfolio and enter new markets.

Key Performance Indicators

  • Market Cap: ₹92.85 Cr
  • P/E (x): 22.08
  • Post P/E (x): 20.83
  • ROE: 0.09%
  • ROCE: 0.21%
  • Debt/Equity: 0.45
  • EPS (₹): 2.94
  • RoNW: 15.11%

Registrar and Lead Manager

IPO Timeline

Here is the tentative schedule for the Shree OSFM E-Mobility IPO:

  • IPO opens on December 14, 2023.
  • IPO closes on December 18, 2023.
  • Basis of Allotment: December 19, 2023.
  • Initiation of Refunds: December 20, 2023.
  • Credit of Shares to Demat: December 20, 2023.
  • Listing Date: December 21, 2023.
  • Cut-off time for UPI mandate confirmation: 5 PM on December 18, 2023.
OSFM E Mobility IPO

As the Shree OSFM E-Mobility IPO offers a glimpse into the future of sustainable transportation, it presents a compelling opportunity for investors to be a part of this transformative journey. Make sure to conduct thorough research and consult with financial experts before making your investment decisions.

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