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MOS Utility IPO

MOS Utility IPO

  • Status: Closed
  • RHP:
  • ₹ 115,200 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    31 Mar 2023

  • Close Date

    06 Apr 2023

  • IPO Price Range

    ₹ 72 to ₹ 76

  • IPO Size

    ₹ 49.97 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    18 Apr 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

MOS Utility IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

MOS Utility IPO opens on Mar 31, 2023, and closes on Apr 6, 2023. The issue entails a fresh issuance of 5,774,400 equity shares and an Offer-For-Sale of 800,000 equity shares which aggregates the total size of the issue upto Rs. 49.97 crores. 

The company has set the lot size to 1600 shares and a price band between Rs. 72 – 72 per share. The issue will be listed on NSE SME on 18th April and the basis of allotment will take place on 12th April. 
Unistone Capital Pvt Ltd is the book manage to the issue. 

Objective of the MOS Utility IPO:

The net proceeds from the issue will be utilised for: 

•    To meet the working capital requirements
•    General corporate purposes and offer related expenses
 

MOS Utility IPO Video:

MOS Utility is a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena through an integrated business model via its online portal i.e. www.biz-solutionz.com. 
It provides business opportunities for shopkeepers, retailers, students, housewives, professionals, insurance agents to start their own futuristic online e-commerce business with an intention to promote government’s “Vocal for Local” campaign. 


The business operates within seven primary business segments:

(i)    banking 
(ii)    travel
(iii)    insurance
(iv)    utility services
(v)    entertainment services
(vi)    franchisee 
(vii)    other services

The company mainly focuses on the convergence of financial exchange channels, processes and are a comprehensive platform. It aims to serve its customers’ needs, bringing together the advantages of B2B, B2C and B2B2C models within a single platform. The diversified exchange platform allows the firm to harness synergies and provides cross-selling and upselling opportunities to both consumers and businesses. The business model operates with a "phygital” strategy (i.e. physical and digital) that combines over 1,68,018 network partners which includes agents, distributors and master distributors for payment solutions, remittance, utility, travel and insurance products etc throughout PAN India. This results in a business model which is intended to provide a smooth customer experience regardless of product, service or location.
 

Check out MOS Utility IPO Web-Stories

Check out MOS Utility IPO GMP 

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 77.3 67.7 88.2
EBITDA 3.9 1.8 88.2
PAT 1.6 0.8 1.3
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 35.1 24.6 25.1
Share Capital 0.2 0.2 0.2
Total Borrowings 13.0 8.1 5.4
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 2.3 0.0 -6.7
Net cash from / (used in) investing activities -6.7 -1.3 -0.4
Net cash flow from / (used in) financing activities 3.9 2.3 5.1
Net increase (decrease) in cash and cash equivalents -0.5 1.1 -1.9

Peer Comparison

Name of the Company Profit for the year (in Rs. crores) Basic EPS NAV Rs. per share PE RoNW %
MOS Utility Limited 1.58 0.86 4.63 NA 18.66%
Easy Trip Planners 105.92 4.87 10.85 69.98 44.92%


Strengths

•    Integrated business model offering one-stop-shop for B2B, B2C and B2B2C
•    Multiple cross-selling opportunities, synergies, network effect and wide reach for customer acquisition
•    Diversified product portfolio resulting in lesser dependence on a single industry, product or services
 

Risks

•    Unable to attract new network partners or retain and grow the relationships with its existing network partner
•    Major revenue from operation is from fees and commission-based activities, which may affect the financial performance if it is reduced
•    Disruption or failure of the technology systems will affect the business as it is a tech-dependent business model
•    Operates in dynamic and competitive online fintech sector, which makes it difficult to predict the future prospects
 

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FAQs

The price for the MOS Utility IPO is set at Rs. 72 - 76 per share

The MOS Utility IPO opens on 31st March and closes on 6th April.

The IPO comprises of a fresh issuance of 5,774,400 equity shares and an Offer-For-Sale of 800,000 equity shares which aggregates the total size of the issue upto Rs. 49.97 crores.

The allotment date of MOS Utility IPO is set for 12th April

The MOS Utility IPO will be listed on 18th April.

The MOS Utility IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹121,600)

The net proceeds from the issue will be used for: 

•    To meet the working capital requirements
•    General corporate purposes and offer related expenses

To apply for the IPO, follow the steps given below

•    Login to your 5paisa account and select the issue in the current IPO section
•    Enter the number of lots and price at which you wish to apply for
•    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
•    You will receive a mandate notification to block funds in your UPI app
 

Unistone Capital Pvt. Ltd. is the lead book managers to the issue.

MOS Utility IPO is promoted by Chirag Shah, Kurjibhai Rupareliya and Sky Occean Infrastructure Limited.