Shree OSFM E-Mobility IPO GMP:

Shree OSFM E-Mobility Limited is set to launch its SME IPO on the NSE Emerge platform. With a total size of 24.60 Crores INR in pure fresh issues, this IPO presents an opportunity for investors looking to participate in the growing e-mobility sector. In this blog, we’ll delve into the details of Shree OSFM E-Mobility IPO, including its Grey Market Premium (GMP), company background, objectives, and IPO timeline.

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Shree OSFM E-Mobility IPO GMP:

The Grey Market Premium (GMP) is an unofficial market where IPO shares are traded before their official listing on the stock exchange. GMP reflects investor sentiment and expectations regarding the IPO’s performance upon listing. Here’s a GMP tracking table for Shree OSFM E-Mobility IPO: [ Last Updated: 21 Dec, 2023; 15:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
21-12-2023₹65₹–₹65 (0%)
20-12-2023₹65₹–₹65 (0%)
19-12-2023₹65₹–₹65 (0%)
18-12-2023₹65₹–₹65 (0%)
17-12-2023₹65₹–₹65 (0%)
16-12-2023₹65₹–₹65 (0%)
15-12-2023₹65₹–₹65 (0%)
14-12-2023₹65₹–₹65 (0%)
13-12-2023₹65₹23000₹67 (3.08%)
12-12-2023₹65₹–₹65 (0%)
11-12-2023₹65₹–₹65 (0%)

The GMP suggests that as of December 21, 2023, the IPO is trading at ₹0 above the issue price, indicating a potential listing price of ₹65, which is approximately 0% higher than the IPO price. However, it’s important to remember that GMP is subject to extreme volatility and should not be the sole basis for investment decisions.

Also See: Upcoming IPO in India

Understanding IPO Grey Market Premium (GMP):

The Grey Market Premium (GMP) is a crucial indicator of market sentiment towards an IPO. A positive GMP implies that investors anticipate the IPO will list at a higher price than its issue price, potentially yielding profits for early investors. Conversely, a negative GMP suggests that the IPO may list at a discount.

It’s essential to exercise caution when considering GMP as an investment signal, as it operates in an unofficial, unregulated market and can be influenced by speculative forces.

Also See: Announced IPOs: Upcoming Big IPOs in India 2024

Shree OSFM E-Mobility SME IPO Objectives:

The net proceeds from the IPO will be allocated towards the following objectives:

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

Also See: Kross Ltd Files ₹500 Crore IPO with SEBI, Eyes Capital Market Expansion; Check Details

About Shree OSFM E-Mobility:

Shree OSFM E-Mobility Limited, established in December 2006, specializes in providing transportation services to large multinational corporations across major Indian cities for their employees. With over 16 years of experience, the company operates on an “asset-friendly” engagement model, offering services such as monthly lease rates, mileage flat rates, passenger flat rates, and package models.

The company boasts a fleet of over 1400 vehicles, including compact cars, sedans, SUVs, luxury cars, and buses. Out of these, 173 vehicles are company-owned, while the remainder is leased from various providers. Shree OSFM E-Mobility operates across 42 locations in Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata, serving prominent BPM companies like JP Morgan, Morgan Stanley, Cape Gemini, and Accenture, among others.

Also See: How to Open a Demat Account on Groww

Strengths of Shree OSFM E-Mobility SME IPO:

The company’s strengths include:

  1. An asset-light business model with competitive service offerings.
  2. Well-established goodwill and customer relationships.
  3. An experienced promoter and management team with extensive industry knowledge.
  4. A successful track record.
  5. A commitment to quality service.

IPO Dates:

Here are the important dates for Shree OSFM E-Mobility SME IPO:

  • SME IPO Open Date: 14-12-2023
  • SME IPO Close Date: 18-12-2023
  • Basis of Allotment Finalization Date: 19-12-2023
  • Refunds Initiation Date: 20-12-2023
  • Credit of Shares to Demat Account: 20-12-2023
  • SME IPO Listing Date: 21-12-2023
OSFM E Mobility IPO

Conclusion:

Shree OSFM E-Mobility’s SME IPO presents an opportunity for investors to participate in the e-mobility sector. While the Grey Market Premium indicates positive sentiment, it’s essential to conduct thorough research, consider all factors, and make informed investment decisions. Investing in IPOs carries inherent risks, and investors should consult with financial advisors and review the prospectus before participating in the offering.

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