Shree OSFM E-Mobility Limited
NSE SME₹130,000 / 2000 Shares
IPO Details
Shree OSFM E-Mobility Limited IPO is priced between ₹65 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Bigshare Services Pvt Ltd is managing the issue as the registrar.
The IPO bidding period opened on 14 Dec, 2023, and closed on 18 Dec, 2023. The allotment results will be announced on 19 Dec, 2023, with a tentative listing date set for 21 Dec, 2023.
The total issue comprises 3,784,000 shares, amounting to ₹24.60 Cr.
Shree OSFM E-Mobility Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Dec 14, 2023 - Dec 18, 2023 | 21 Dec, 2023 | ₹10 Per Equity Share | ₹65 per equity share | - | Shares | - | NSE SME |
Shree OSFM E-Mobility Limited IPO Timeline
Issue Price
₹65 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdMarket Lot
2000 Shares (₹130,000/-)Lead Manager
First Overseas Capital LimitedIssue Size
3,784,000 shares(aggregating up to ₹24.60 Cr)Retail Portion
50%Subscription
8.12 timesShree OSFM E-Mobility Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 4203.97 | 8261.01 | 309.09 | - | - | - |
| 31 Mar 22 | 2588.41 | 3079.58 | 162.78 | - | - | - |
| 31 Mar 21 | 2909.86 | 2978.51 | 73.76 | - | - | - |
All values are in ₹ Lakh
About Company
Shree OSFM E-Mobility Limited, previously known as Om Sai Fleet Management (India) Private Limited, is engaged in providing employee transportation services to large MNCs with a presence across major cities in India.
Shree OSFM operates on an asset light engagement model. Typical operating parameters are on a monthly lease, per kilometer, per passenger trip, and package mode. The company has over 1475 fleets. This includes Small cars, Sedans, SUVs, Luxury Cars, and Buses of which 217 vehicles are owned by the company and the rest are leased from various vendors.
The company has offices in 42 sites in cities like Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. Shree OSFM E-Mobility's clientele includes JP Morgan, Morgan Stanley, Cape Gemini, Accenture, etc.
Shree OSFM E-Mobility Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,792,000 | 1,792,000 | 3,584,000 |
| Day 1 - 14-12-23 06:00 PM | 1.67 x | 1.82 x | 2.18 x |
| Day 2 - 15-12-23 06:00 PM | 2.16 x | 3.99 x | 3.50 x |
| Day 3 - 18-12-23 06:00 PM | 6.94 x | 9.30 x | 8.12 x |
Shree OSFM E-Mobility Limited IPO - Issue Objectives
- Funding additional Working capital requirements
- Purchase of Passenger Vehicles
- General Corporate Purposes