MOS Utility Limited IPO : Key Highlights

MOS Utility Limited IPO is set to launch on 31 March, 2023. The company initiated its business operations in the year 2009. It provides digital services and products in B2C, B2B and financial technology fields. It has an integrated model to work on the same. 

MOS Utility Limited has a network of 168018 partners including distributors, agents and master distributors for payment solutions, travel, utility, remittance, insurance products etc. 

The company has 7 business segments in which it focuses primarily. They are insurance, travel, banking, utility services, franchisee, entertainment services and others.

MOS Utility Limited IPO DETAILS

MOS Utility Limited IPO is set to launch on 31 March., 2023. The subscription timeline extends till 6 April, 2023. The size for the IPO is 49.97 Crore Rs. Shares issued through fresh issue mode are worth 49.97 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 72 to 76 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Skyline FInancial Services Private Limited.

Tabular Description of MOS Utility Limited IPO 

MOS Utility Limited IPO : IMPORTANT DATES

MOS Utility Limited IPO begins for subscription from 31 March., 2023. The IPO subscription would continue till 6 April, 2023. The allotment status for the shareholders who applied would come on 12 April, 2023. The refunds for the ones who did not get allotment would be initiated on 13 April, 2023. The DEMAT accounts of shareholders would be credited on 17 April, 2023. The listing of the company would be accompanied on 18 April, 2023.

MOS Utility Limited IPO : Lead Managers

The lead managers are :

• Unistone Capital Private Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to  121600 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 243200 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The Issue proceeds will be utilised for fulfilling the working capital requirements.

COMPANY FINANCIALS

MOS Utility Limited had an asset base of 2513 Lakh Rs back in 2020. The asset base decreased a bit to 2459 Lakh Rs in 2021. The asset base then increased by a huge margin of more than 1000 Lakh Rs to 3513 Lakh Rs in 2022. The revenue of the firm was 9156 Lakh Rs in 2020. The same decreased by a huge amount in 2021 to 6792 Lakh Rs. In 2022 as well the revenue was below the 2020 figures at 8096 Lakh Rs. The company is profitable for the last 3 years. The profit for the year 2020 was 128 Lakh Rs which decreased to 84 Lakh Rs in 2021. In 2022 the company gained 157 Lakh Rs as profit.

PROS

• MOS Utility Limited has a network of 168018 partners including distributors, agents and master distributors for payment solutions, travel, utility, remittance, insurance products etc. 
• The company has 7 business segments in which it focuses primarily. They are insurance, travel, banking, utility services, franchisee, entertainment services and others.

CONS

• The company works into a very competitive segment.

MOS Utility Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the MOS Utility Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.