Shree OSFM E-Mobility was incorporated on December 28, 2006. The company specializes in providing employee transportation services to large multinational corporations (MNCs) with a presence in major cities across India. It has over 16 years of experience in meeting the employee transportation requirements of companies in IT/ITES, aviation, and other sectors.
| Bidding Dates |
|---|
| 14 Dec 2023 - 18 Dec 2023 |
| Subscription |
|---|
| 7.69x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,30,000 | 1 | 1 | 2000 | 3.8 M | ₹65 | 55.88 % | ₹246.0 M | RHP DOC |
Shree OSFM E-Mobility IPO SUBSCRIPTION STATUS
18 Dec '23Shree OSFM E-Mobility IPO overall subscription rate was 7.69 times the total available shares
Shree OSFM E-Mobility IPO retail subscription rate was 8.81 times in the retail segment
Shree OSFM E-Mobility IPO non-institutional investor subscription rate was 6.57 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
18 Dec 2023 (Day 3) | 8.81x | 6.57x | - |
15 Dec 2023 (Day 2) | 3.61x | 2.15x | - |
14 Dec 2023 (Day 1) | 1.56x | 1.56x | - |
Shree OSFM E-Mobility 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) | Margins |
| H1FY24 | 22.3 | 557.2 | 66.6 | 17.7 | 13.2% |
| FY23 | 30.9 | 821.1 | -6.7 | -64.5 | 10.0% |
| FY22 | 16.3 | 303.0 | 3.5 | 3.2 | 11.7% |
| FY21 | 7.4 | 291.9 | 95.3 | 95.3 | 10.3% |
Shree OSFM E-Mobility IPO SUBSCRIPTION STATUS DETAILS
Shree OSFM E-Mobility had 3.8 M shares on offer
Shree OSFM E-Mobility IPO offer price was ₹65
Shree OSFM E-Mobility IPO minimum Investment was ₹130000
Shree OSFM E-Mobility IPO issue size was ₹ 245.9 M
Shree OSFM E-Mobility had a minimum lot size of 2000 Shares per application
Shree OSFM E-Mobility NUMBER OF SHARES ON OFFER
Shree OSFM E-Mobility IPO IMPORTANT DATES
| Issue Open Date | 14 Dec 2023 |
| Issue close Date | 18 Dec 2023 |
| Allotment Date | 19 Dec 2023 |
| Refund Date | 20 Dec 2023 |
| Demat Account Credit Date | 20 Dec 2023 |
| Listing Date | 21 Dec 2023 |
| Listing on Exchange(s) | NSE |
| Shree OSFM E-Mobility Allotment Status | Exchange |
Shree OSFM E-Mobility IPO subscription opened on 14 Dec 2023, and closed on 18 Dec 2023
IPO allotment for Shree OSFM E-Mobility was finalized on Tuesday, 19 Dec 2023
IPO listing for Shree OSFM E-Mobility was on NSE on Thursday, 21 Dec 2023
Shree OSFM E-Mobility IPO LISTING GAINS
| Issue Price (adjusted) | 65.0 |
| Listing Open Price | 65.0 |
| Listing Close Price | 68.3 |
| Listing Gain% | 0.0% |
| Current Gain% | -10.8% |
Shree OSFM E-Mobility 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shree OSFM E-Mobility Ltd. | 58 | 82.8 | 11.8 | -0.4 | 0.5 | 9 | 5.8 | 155.8 | 11.1 | 7.6 | -26.8 | 4.9 | -32.1 |
| Transport Corporation of India Ltd. | 945 | 7260.5 | 15.9 | 2.4 | 1.4 | 17.8 | 13.1 | 4965 | 9.4 | 456.2 | 10.6 | 59.4 | 6.7 |
| Globe International Carriers Ltd. | 20.1 | 225 | 22.8 | 0.3 | 1.3 | 10 | 4.8 | 176.6 | 12.6 | 9.9 | 105.2 | 0.9 | 84.8 |
| Chartered Logistics Ltd. | 9.4 | 115.9 | -49.9 | 0.2 | 1.6 | -3.5 | -2.5 | 74.1 | -5.8 | -2.3 | -287.9 | -0.2 | -287.9 |
| Patel Integrated Logistics Ltd. | 14.4 | 100.2 | 9.6 | 0.3 | 0.3 | 7.8 | 5.9 | 360 | 4.2 | 9.6 | 26.3 | 1.5 | 35.8 |
| Flomic Global Logistics Ltd. | 42.4 | 77.1 | 248.6 | -2.7 | 0.2 | 0.6 | 0.2 | 433.1 | -14 | 0.3 | -91.6 | 0.2 | -91.6 |
Shree OSFM E-Mobility INFORMATION ON IPO ISSUE
About Shree OSFM E-Mobility
Shree OSFM E-Mobility was incorporated on December 28, 2006. The company specializes in providing employee transportation services to large multinational corporations (MNCs) with a presence in major cities across India. It has over 16 years of experience in meeting the employee transportation requirements of companies in IT/ITES, aviation, and other sectors.
Object of the Issue
- Funding additional working capital requirements
- Purchase of passenger vehicles
- General corporate purposes
Shree OSFM E-Mobility - PROMOTERS
| Name |
|---|
| Ramnath Chandar Patil |
| Nitin Bhagirath Shanbhag |
Shree OSFM E-Mobility Lead Manager of the Issue
First Overseas Capital Limited
mb@focl.in
Shree OSFM E-Mobility Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Shree OSFM E-Mobility Strengths
Asset-light business model
The company follows an asset-light business model. Currently, it operates a fleet of over 1475 vehicles, including small cars, sedans, SUVs, luxury cars, and buses. Out of this fleet, 217 vehicles are owned by the company, while the rest are leased from various vendors
Existing well-established goodwill
The company has well-established goodwill and client relationships with a variety of corporations in IT/ITES, aviation, BFSI (Banking, Financial Services, and Insurance), and other sectors
Shree OSFM E-Mobility Risks
Outstanding legal proceedings
There are certain ongoing legal proceedings involving the company, and the outcomes of these proceedings have the potential to adversely affect its business, financial condition, and results of operations
Dependent on limited customers
A significant portion of the company's revenues has been dependent on a limited number of customers
IPO FAQs
The promoters of the company are Ramnath Chandar Patil and Nitin Bhagirath Shanbhag.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 65.0 - 65.0.
The IPO application opens on Dec 14, 2023 and closes on Dec 18, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 130,000.0, the maximum value for this IPO is Rs 130,000.0.
This IPO will be allotted on Dec 19, 2023.
The refund will be credited to your account on Dec 20, 2023.
The allotted shares will be credited to your demat on Dec 20, 2023.
Shree OSFM E-Mobility Ltd.’s shares listed on the stock exchanges on Dec 21, 2023.