MOS Utility was incorporated on July 27, 2009. It is a technology-enabled provider of digital products and services in the B2C, B2B and financial technology arena through an integrated business model via its online portal.
| Bidding Dates |
|---|
| 31 Mar 2023 - 06 Apr 2023 |
| Subscription |
|---|
| 14.94x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,600 | 1 | 1 | 1600 | 6.6 M | ₹72 - ₹76 | 73.63 % | ₹473.4 M - ₹499.7 M | RHP DOC |
MOS Utility IPO SUBSCRIPTION STATUS
06 Apr '23MOS Utility IPO overall subscription rate was 14.94 times the total available shares
MOS Utility IPO retail subscription rate was 11.38 times in the retail segment
MOS Utility IPO non-institutional investor subscription rate was 55.05 times in the non-institutional investor category
MOS Utility IPO Qualified Institutional Bidder subscription rate was 5.41 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Apr 2023 (Day 4) | 11.38x | 55.05x | 5.41x |
05 Apr 2023 (Day 3) | 2.72x | 1.21x | 0.21x |
03 Apr 2023 (Day 2) | 0.97x | 0.15x | 0.21x |
31 Mar 2023 (Day 1) | 0.9x | 0.06x | 0.15x |
MOS Utility FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 9MFY23 | 19.6 | 533.0 | 50.3 | -53.1 |
| FY22 | 15.8 | 773.4 | 23.4 | -63.1 |
| FY21 | 8.5 | 676.6 | 0.5 | -8.1 |
| FY20 | 12.9 | 881.9 | -67.0 | -93.7 |
MOS Utility IPO SUBSCRIPTION STATUS DETAILS
MOS Utility had 6.6 M shares on offer
MOS Utility IPO offer price was in the range ₹72 - ₹76
MOS Utility IPO minimum Investment was ₹121600
MOS Utility IPO issue size was ₹ 473.4 M - ₹ 499.7 M
MOS Utility had a minimum lot size of 1600 Shares per application
MOS Utility NUMBER OF SHARES ON OFFER
MOS Utility IPO IMPORTANT DATES
| Issue Open Date | 31 Mar 2023 |
| Issue close Date | 06 Apr 2023 |
| Allotment Date | 12 Apr 2023 |
| Refund Date | 13 Apr 2023 |
| Demat Account Credit Date | 17 Apr 2023 |
| Listing Date | 18 Apr 2023 |
| Listing on Exchange(s) | NSE |
| MOS Utility Allotment Status | Exchange |
MOS Utility IPO subscription opened on 31 Mar 2023, and closed on 06 Apr 2023
IPO allotment for MOS Utility was finalized on Wednesday, 12 Apr 2023
IPO listing for MOS Utility was on NSE on Tuesday, 18 Apr 2023
MOS Utility IPO LISTING GAINS
| Issue Price (adjusted) | 7.6 |
| Listing Open Price | 90.0 |
| Listing Close Price | 94.5 |
| Listing Gain% | 18.4% |
| Current Gain% | 40.1% |
MOS Utility Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOS Utility Ltd. | 10.6 | 26.6 | 15.2 | -0.2 | 0.4 | 16.9 | 8.2 | 641.2 | 3.4 | 18 | 43.9 | 0.7 | -86.1 |
| Tata Technologies Ltd. | 842.1 | 34193.6 | 61.4 | -3.3 | 5.8 | 13.9 | 6.1 | 5680.1 | 7.3 | 546.6 | -19.3 | 13.7 | -18.7 |
| RateGain Travel Technologies Ltd. | 932.6 | 11048.5 | 45.6 | 3 | 4.7 | 9.7 | 5.5 | 1884.9 | 63.5 | 194.4 | -7 | 20.5 | 15.1 |
| Intellect Design Arena Ltd. | 703.2 | 9864.3 | 27.9 | 452.2 | 3.1 | 10.9 | 7.5 | 3160.8 | 22.7 | 345.4 | 3.8 | 25.2 | 0.1 |
| Capillary Technologies India Ltd. | 528.6 | 4206.7 | 99.9 | 5.2 | 5.1 | 4 | 748.3 | 22.3 | 52.4 | 294.5 | 5.3 | ||
| Aurionpro Solutions Ltd. | 718.8 | 3971.9 | 19.5 | 3.9 | 2.8 | 12 | 9 | 1440.4 | 20.7 | 209.3 | 12.4 | 36.9 | 5.1 |
MOS Utility INFORMATION ON IPO ISSUE
About MOS Utility
MOS Utility was incorporated on July 27, 2009. It is a technology-enabled provider of digital products and services in the B2C, B2B and financial technology arena through an integrated business model via its online portal.
Object of the Issue
- To meet the working capital requirements
- General corporate purposes and offer related expenses
MOS Utility - PROMOTERS
| Name |
|---|
| Chirag Shah |
| Kurjibhai Rupareliya |
| Sky Occean Infrastructure Limited |
MOS Utility Lead Manager to the Issue
Unistone Capital Private Limited
mb@unistonecapital.com
MOS Utility Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
MOS Utility Strengths
Integrated business model
The company has an integrated business model offering a one-stop-shop for B2B, B2C and B2B2C
Customer acquisition
The company has multiple cross-selling opportunities, synergies, network effects and a wide reach for customer acquisition
Diversified product portfolio
The company has a diversified product portfolio resulting in lesser dependence on a single industry, product or service
MOS Utility Risks
Dependent on fees and commission
Major revenue from operation comes from fees and commission-based activities and the company's financial performance may be adversely affected by an inability to generate income from such activities
Dynamic and competitive sector
The company operates in a dynamic and competitive online fintech sector, which makes it difficult to predict future prospects.
IPO FAQs
MOS Utility Ltd. IPO listing opened at Rs 90.00 while the issue price was Rs 76.00 giving 18.42% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 7.60 giving 40.13% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 6.1 crore, of 800,000 shares. It also consists of a fresh issue of Rs 43.9 crore.
The promoters of the company are Chirag Shah, Kurjibhai Rupareliya and Sky Occean Infrastructure Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 72.0 - 76.0.
The IPO application opens on Mar 31, 2023 and closes on Apr 06, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 121,600.0, the maximum value for this IPO is Rs 121,600.0.
This IPO will be allotted on Apr 12, 2023.
The refund will be credited to your account on Apr 13, 2023.
The allotted shares will be credited to your demat on Apr 17, 2023.
MOS Utility Ltd.’s shares listed on the stock exchanges on Apr 18, 2023.