Shree OFSM E-Mobility Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 14 - Dec 18,2023
Price Band
₹65
Current GMP
₹65 (0%)
Subscription
8.52 times
IPO Details
| IPO Date | December 14, 2023 to December 18, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,784,000 shares (aggregating up to ₹24.60 Cr) |
| Fresh Issue | 3,784,000 shares (aggregating up to ₹24.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,500,000 |
| Share holding post issue | 14,284,000 |
| Market Maker portion | 200,000 shares Bhh Securities |
IPO Date
December 14, 2023 to December 18, 2023
Listing Date
Thursday, December 21, 2023
Face Value
₹10 per share
Price
₹65 per share
Lot Size
2000 Shares
Total Issue Size
3,784,000 shares (aggregating up to ₹24.60 Cr)
Fresh Issue
3,784,000 shares (aggregating up to ₹24.60 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share holding pre issue
10,500,000
Share holding post issue
14,284,000
Market Maker portion
200,000 shares Bhh Securities
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers* | 6.82 |
| Retail Investors | 9.30 |
| Total ** | 8.52 |
Market Maker
1
Non-Institutional Buyers*
6.82
Retail Investors
9.30
Total **
8.52
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Dec 14, 2023 | 1.67 | 1.82 | 2.18 |
| Day 2 Dec 15, 2023 | 2.16 | 3.99 | 3.50 |
| Day 3 Dec 18, 2023 | 6.82 | 9.30 | 8.52 |
DayDay 1
Dec 14, 2023
NII*1.67
Retail1.82
Total2.18
DayDay 2
Dec 15, 2023
NII*2.16
Retail3.99
Total3.50
DayDay 3
Dec 18, 2023
NII*6.82
Retail9.30
Total8.52
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 20-12-2023 | 65.00 | 0 (0%) | 65 |
| 19-12-2023 | 65.00 | 0 (0%) | 65 |
| 18-12-2023 | 65.00 | 0 (0%) | 65 |
| 17-12-2023 | 65.00 | 0 (0%) | 65 |
| 16-12-2023 | 65.00 | 0 (0%) | 65 |
| 15-12-2023 | 65.00 | 0 (0%) | 65 |
| 14-12-2023 | 65.00 | 0 (0%) | 65 |
| 13-12-2023 | 65.00 | 2 (3.08%) | 67 |
| 12-12-2023 | 65.00 | 0 (0%) | 65 |
| 11-12-2023 | 65.00 | 0 (0%) | 65 |
| 10-12-2023 | 65.00 | 0 (0%) | 65 |
| 09-12-2023 | 65.00 | 0 (0%) | 65 |
| 08-12-2023 | 65.00 | 0 (%) | 65 |
Date20-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date19-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date18-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date17-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date16-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date15-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date14-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date13-12-2023
Price65.00
GMP2 (3.08%)
Estimate List Price67
Date12-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date11-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date10-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date09-12-2023
Price65.00
GMP0 (0%)
Estimate List Price65
Date08-12-2023
Price65.00
GMP0 (%)
Estimate List Price65
IPO Important Dates
| IPO Open Date | Thursday, December 14, 2023 |
| IPO Close Date | Monday, December 18, 2023 |
| Basis of Allotment | Tuesday, December 19, 2023 |
| Initiation of Refunds | Wednesday, December 20, 2023 |
| Credit of Shares to Demat | Wednesday, December 20, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 18, 2023 |
IPO Open Date
Thursday, December 14, 2023
IPO Close Date
Monday, December 18, 2023
Basis of Allotment
Tuesday, December 19, 2023
Initiation of Refunds
Wednesday, December 20, 2023
Credit of Shares to Demat
Wednesday, December 20, 2023
Listing Date
Thursday, December 21, 2023
Cut-off time for UPI mandate confirmation
5 PM on December 18, 2023
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹130,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹130,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹260,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,019.67 | 4,203.97 | 2,588.41 |
| Revenue | 5,597.09 | 8,261.01 | 3,079.58 |
| Profit After Tax | 222.59 | 309.09 | 162.78 |
| Net Worth | 2,267.95 | 2,045.36 | 1,736.27 |
| Reserves and Surplus | 1,217.95 | 995.36 | 1,586.27 |
| Total Borrowing |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20235,019.67
31 Mar 20234,203.97
31 Mar 20222,588.41
Period EndedRevenue
30 Sep 20235,597.09
31 Mar 20238,261.01
31 Mar 20223,079.58
Period EndedProfit After Tax
30 Sep 2023222.59
31 Mar 2023309.09
31 Mar 2022162.78
Period EndedNet Worth
30 Sep 20232,267.95
31 Mar 20232,045.36
31 Mar 20221,736.27
Period EndedReserves and Surplus
30 Sep 20231,217.95
31 Mar 2023995.36
31 Mar 20221,586.27
Period EndedTotal Borrowing
30 Sep 2023
31 Mar 2023
31 Mar 2022
Key Performance Indicator
| P/E (x) | 22.08 |
| Post P/E (x) | 20.83 |
| Market Cap (₹ Cr.) | 92.85 |
| ROE | 0.09% |
| ROCE | 0.21% |
| Debt/Equity | 0.45 |
| EPS (Rs) | 2.94 |
P/E (x)
22.08
Post P/E (x)
20.83
Market Cap (₹ Cr.)
92.85
ROE
0.09%
ROCE
0.21%
Debt/Equity
0.45
EPS (Rs)
2.94
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 200,000 (5.29%) |
| Other Shares Offered | 1,792,000 (47.36%) |
| Retail Shares Offered | 1,792,000 (47.36%) |
| Total Shares Offered | 3,784,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
200,000 (5.29%)
Other Shares Offered
1,792,000 (47.36%)
Retail Shares Offered
1,792,000 (47.36%)
Total Shares Offered
3,784,000 (100%)
Information about company
Incorporated in 2006, Shree OSFM E-Mobility Limited provides transportation services to employees of large multinational companies in major Indian cities. The company operates a fleet of more than 1475 vehicles, including small cars, sedans, SUVs, luxury cars and buses. Of these, 217 vehicles are owned by the company, while the rest are leased from various providers.
Shree OSFM operates on an "asset-light" model. Typical operating parameters are a monthly rental, per kilometre, per passenger trip and package mode.
The company has branches in 42 locations in cities such as Mumbai, Navi Mumbai, Pune, Bengaluru and Kolkata. Shree OSFM E-Mobility's clients include JP Morgan, Morgan Stanley, Cape Gemini, Accenture etc.
The service portfolio of Shree OSFM E-Mobility includes:
Travel Desk Management
Roster management services
Logistics for corporate events (MICE)
Fleet management
The Company recorded total revenue of Rs. 8,261.01 lacs, Rs. 3,079.58 lacs and Rs. 2,978.51 lacs for the financial years 2023, 2022 and 2021 respectively.
Competitive strengths:-
The company can leverage its current customer relationships to promote and sell other services or products.
Going forward, the company will focus on strategic acquisitions and joint ventures to expand its product portfolio and enter new markets.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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