Shree OSFM E-Mobility Limited

Price
₹65
Lot
2000
Subs.
8.52
Expected Listing Earning

Exp. Premium(GMP):
2.00(3.08%)
IPO Details

Open Date: 14-Dec-2023
Close Date: 18-Dec-2023
Allotment Date: 19-Dec-2023
Listing Date: 21-Dec-2023
Listing Price: ₹82.85/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹65 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹130,000 : HNI - ₹260,000
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved1,792,0001,792,0003,584,000
Day 1 - 14-12-23 
05:00 PM
1.67x1.82x2.18x
Day 2 - 15-12-23 
05:00 PM
2.16x3.99x3.50x
Day 3 - 18-12-23 
05:00 PM
6.82x9.30x8.52x
Total No. of Application:8,337 (Approx.)
Retail Subscription on the basis of Apps:9.30x
Valuations

Earning Per Share(EPS)2.94/-
P/E Ratio22.08
RoNW15.11%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
30 Sep,20235,019.675,597.09222.59
31 Mar,20234,203.978,261.01309.09
31 Mar,20222,588.413,079.58162.78
31 Mar,20212,909.862,978.5173.76
Promoter(s)

Pre Issue Share Holding76.02%
Post Issue Share Holding55.88%
Company Promoter(s)
1. Mr. Ramnath Chandar Patil
2. Mr. Nitin Bhagirath Shanbhag
Issue Objective(s)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding additional Working capital requirements
  2. Purchase of Passenger Vehicles
  3. General Corporate Purposes
About Company

Incorporated in 2006, 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's service portfolio includes:

  • Travel Desk Management
  • Roster Management Services
  • Logistics for Corporate Events (MICE)
  • Fleet Management

The company recorded a total revenue of Rs. 8,261.01 lacs, Rs. 3,079.58 lacs, and Rs. 2,978.51 lacs in fiscal 2023, 2022, and 2021 respectively.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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