What you must know about Shree OSFM E-Mobility IPO?
by 5paisa Research Team
11 Dec 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 21-Dec-23
- IPO Price Range ₹ 65
- Listing Price ₹ 65
- Listing Change 0.0%
- Last Traded Price ₹ 116
- Current Change 78.5%
Shree OSFM E-Mobility IPO Details
- Open Date 14-Dec-23
- Close Date 18-Dec-23
- Lot Size 2000
- IPO Size ₹ 24.60 Cr
- IPO Price Range ₹ 65
- Min Investment ₹ 130000
- Listing Exchange NSE SME
- Basis of Allotment 19-Dec-23
- Refunds 20-Dec-23
- Credit to Demat Account 20-Dec-23
- Listing Date 21-Dec-23
Shree OSFM E-Mobility IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 14-Dec-23 | - | 1.67 | 1.79 | 2.16 |
| 15-Dec-23 | - | 2.16 | 3.99 | 3.46 |
| 18-Dec-23 | - | 6.82 | 9.30 | 8.52 |
Shree OSFM E-Mobility IPO Synopsis
Shree OSFM E-Mobility Limited IPO is all set to open from 14th December to 18th December 2023. The company is involved in the business of providing employee transportation services. The IPO includes a fresh issue of 3,784,000 shares worth ₹24.60 cr. The share allotment date is 19th December, and the IPO will be listed on 21st December on the stock exchanges. The price is ₹65 per share and the lot size is 2000 shares.
First Overseas Capital Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Shree OSFM E-Mobility:
Shree OSFM E-Mobility Limited plans to utilize the raised capital from the IPO to:
● To fund the purchase of passenger vehicles.
● To fund working capital requirements.
● General corporate purposes.
About Shree OSFM E-Mobility
Incorporated in 2006, Shree OSFM E-Mobility Limited is involved in the business of providing employee transportation services to multinational companies such as JP Morgan, Morgan Stanley, Capgemini, Accenture etc. The company operates on an “asset light” model and offers services in 42 sites in Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata.
Shree OSFM E-Mobility has experience in offering transportation to different sectors such as IT/ITES, Aviation, etc. and offers services such as monthly leases, per km, per passenger, and comprehensive packages. Additionally, the company has a combined fleet of more than 1475 vehicles, from which it owns 217 vehicles. This includes small cars, SUVs, Sedans, Luxury Cars and Buses.
Its main offering portfolio includes i) Travel Desk Management ii) Roster Management Services iii) Logistics for Corporate Events (MICE) iv) Fleet Management.
Peer Comparison
● VRL Logistics Ltd
For More Information:
Webstory on Shree OSFM E-Mobility IPO
Shree OSFM E-Mobility Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 82.61 | 30.79 | 29.79 |
| EBITDA | 8.24 | 3.61 | 3.05 |
| PAT | 3.09 | 1.63 | 0.74 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 42.04 | 25.88 | 29.09 |
| Share Capital | 10.50 | 1.50 | 1.50 |
| Total Borrowings | 21.59 | 8.52 | 13.02 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.67 | 0.35 | 9.53 |
| Net cash from / (used in) investing activities | -5.02 | 2.11 | -9.79 |
| Net cash flow from / (used in) financing activities | 5.72 | -2.92 | -7.42 |
| Net increase (decrease) in cash and cash equivalents | 0.031 | -0.46 | -7.68 |
Shree OSFM E-Mobility IPO Key Points
-
Strengths
1. The company has an Asset Light Business Model and competitive service offerings.
2. It operates with a 1475+ fleet with a variety of vehicles.
3. The company enjoys goodwill and its business is well-established.
4. Quality assurance is a big plus.
5. Experienced Promoter and management team.
-
Risks
1. Higher working capital requirements.
2. Negative cash flow was reported in the past.
3. The company is heavily dependent on a limited number of customers for revenue.
4. Strong competition in the passenger service industry could decrease the market share.
5. Any negative publicity related to the services offered can harm the company’s reputation and business.
Shree OSFM E-Mobility
How to apply for IPO?
-
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Shree OSFM E-Mobility IPO FAQs
What is the minimum lot size and investment required for the Shree OSFM E-Mobility IPO?
The minimum lot size of Shree OSFM E-Mobility IPO is 2000 shares and the investment required is ₹1,30,000.
What is the price band of the Shree OSFM E-Mobility IPO?
The price for Shree OSFM E-Mobility IPO is ₹65 per share.
When does the Shree OSFM E-Mobility IPO opens and closes?
Shree OSFM E-Mobility IPO opens from 14th December to 18th December 2023.
What is the size of the Shree OSFM E-Mobility IPO?
The size of Shree OSFM E-Mobility IPO is ₹24.60 cr.
What is the allotment date of the Shree OSFM E-Mobility IPO?
The share allotment date of Shree OSFM E-Mobility IPO is 19th December 2023.
What is the Shree OSFM E-Mobility IPO listing date?
The Shree OSFM E-Mobility IPO will be listed on 21st December 2023.
Who are the book runners for the Shree OSFM E-Mobility IPO?
First Overseas Capital Limited is the book-running lead manager for Shree OSFM E-Mobility IPO.
What is the objective of Shree OSFM E-Mobility IPO?
Shree OSFM E-Mobility Limited plans to utilize the raised capital from the IPO to:
1. To fund the purchase of passenger vehicles.
2. To fund working capital requirements.
3. General corporate purposes.
How to apply for the Shree OSFM E-Mobility IPO?
To apply for Shree OSFM E-Mobility 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 the price at which you wish to apply for the Shree OSFM E-Mobility Limited IPO.
● 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.
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