Shree OSFM E-Mobility Limited IPO is set to launch on 14 December, 2023. The company initiated its business operations in the year 2006. The company is involved in the business of providing services of employee transportation to large MNCs across cities. Business model that the company has focused upon is the Asset Light Model. The major packages offered by the company includes monthly lease, per passenger trip, per kilometre trip, package mode etc. In all the company has 1475 fleets. It functions and operates in 42 cities currently and has a clientele of Morgan Stanely, JP Morgan, Accenture, Capgemini etc.
Shree OSFM E-Mobility Limited IPO DETAILS
Shree OSFM E-Mobility Limited IPO is set to launch on 14 December, 2023. The subscription timeline extends till 18 December, 2023. The size for the IPO is 24.60 Crore Rs. Shares issued through fresh issue mode are worth 24.60 Crore Rs. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 65 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 Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Shree OSFM E-Mobility Limited IPO
| IPO OPENING DATE | 14 December, 2023 |
| CLOSING DATE FOR IPO | 18 December, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 65 Rs per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | 24.60 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 24.60 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 21 December, 2023 |
Shree OSFM E-Mobility Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 14 December, 2023 |
| CLOSING DATE FOR IPO | 18 December, 2023 |
| IPO ALLOTMENT DATE | 19 December, 2023 |
| REFUNDS | 20 December, 2023 |
| DEMAT A/C CREDITED ON | 20 December, 2023 |
| IPO LISTING DATE | 21 December, 2023 |
Siyaram Recycling Industries Limited IPO begins for subscription from 14 December, 2023. The IPO subscription would continue till 18 December, 2023. The allotment status for the shareholders who applied would come on 19 December, 2023. The refunds for the ones who did not get allotment would be initiated on 20 December, 2023. The DEMAT accounts of shareholders would be credited on 20 December, 2023. The listing of the company would be completed on 21 December, 2023.
Shree OSFM E-Mobility Limited IPO : Lead Managers
The lead managers are :
- First Overseas Capital Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 130000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 260000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 2000 shares | 130000 Rs. |
| Maximum | 4000 shares | 260000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 2909 | 2588 | 4203 |
| Revenue | 2978 | 3079 | 8261 |
| PAT | 73 | 162 | 309 |
Shree OSFM E-Mobility Limited had an asset base of 2909 Lakh Rs in 2021. This decreased to 2588 Lakh Rs in the next year. However in 2023 the asset base of the company boosted to a mega 4203 Lakh Rs. The revenue of the firm was 2978 Lakh Rs in 2021. This increased to 3079 Lakh Rs in 2022. However in 2023 the revenue boosted to 8261 Lakh Rs. The profit of the firm was 73 Lakh Rs in 2021 which increased to 162 Lakh Rs in 2022 and 309 Lakh Rs in 2023.
PROS
- Business model that the company has focused upon is the Asset Light Model. The major packages offered by the company includes monthly lease, per passenger trip, per kilometre trip, package mode etc.
- In all the company has 1475 fleets. It functions and operates in 42 cities currently and has a clientele of Morgan Stanely, JP Morgan, Accenture, Capgemini etc.
CONS
- The company works in a highly competitive segment.
Shree OSFM E-Mobility 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 :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Shree OSFM E-Mobility Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- 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.
