MOS Utility IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 06, 2023Let’s have a detailed review of the company and analytics of the MOS Utility IPO release date, IPO offer price, subscription, MOS Utility Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 72 to Rs 76 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 1600 Shares |
| Listing Date | Apr 18, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 4,997 Lakh |
| Tick Size | 1 |
MOS Utility IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – MOS Utility Share Price |
MOS Utility IPO – Summary
Their Company was originally incorporated as “MOS Utility Private Limited on July 27, 2009, as a private limited company under the provisions of the Companies Act, 1956 pursuant to a Certificate of Incorporation issued by Registrar of Companies, Mumbai (“RoC”).
Their Company was converted into a public limited company pursuant to the shareholders’ resolution passed at the general meeting of their Company held on July 05, 2022, and the name of their Company was changed to “MOS Utility Limited” and a Fresh Certificate of Incorporation dated August 03, 2022, was issued by the Registrar of Companies, Mumbai.
The Promoter of this company is CHIRAG SHAH, KURJIBHAI RUPARELIYA AND SKY OCCEAN INFRASTRUCTURE LIMITED. The lead manager of the issue is UNISTONE CAPITAL PRIVATE LIMITED, and the Registrar of this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
MOS Utility IPO Date
The opening and closing dates of the MOS Utility IPO are Mar 31, 2023, and Apr 6, 2023, respectively.
MOS Utility IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 31st Mar | 0.45x | 0.06x | 0.16x | 0.23x |
| 2nd Day – 3rd Apr | 0.45x | 0.16x | 1.04x | 0.67x |
| 3rd Day – 5th Apr | 0.45x | 1.27x | 2.88x | 1.76x |
| 4th Day – 6th Apr | 11.67x | 57.90x | 11.98x | 21.14x |
| Shares Offered or Net Issue | 724,800 | 696,960 | 1,626,240 | 3,048,000 |
The shares subscribed by the public will be updated here.
MOS Utility IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
MOS Utility Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 12, 2023 |
| Refunds Initiation | Apr 13, 2023 |
| Credit of Shares to Demat Account | Apr 17, 2023 |
| Share Listing Date | Apr 18, 2023 |
MOS Utility IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 72 to Rs 76
MOS Utility IPO Equity Size
This Initial Public Issue of 6,574,400 Equity Shares of Rs.10 each for cash at a price of Rs 72 to Rs 76 per equity share aggregating to Rs.4,997 Lakh.
MOS Utility IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,774,400 Equity Shares of Rs.10/ each.
Issue Size: 6,574,400 Equity Shares of Rs.10 each, aggregating to Rs.4,997 Lakh
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MOS Utility IPO – Live Performance
The listing date of this IPO is Apr 18, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – MOS Utility Share Price |
MOS Utility IPO Grey Market Premium
The MOS Utility Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
MOS Utility IPO – Company Overview
They are a technology-enabled provider of digital products and services in the B2C, B2B and financial technology arena through an integrated business model via their online portal i.e. www.biz-solutionz.com.
They provide business opportunities for shopkeepers, retailers, students, housewives, professionals, and insurance agents to start their own futuristic online e-commerce business to promote the government’s “Vocal for Local” campaign.
Also, they organize their business under seven primary business segments, (i) banking, (ii) travel, (iii) insurance, (iv) utility services, (v) entertainment services, (vi) franchisee and (vii) other services.
They focus on the convergence of financial exchange channels, and processes and are a comprehensive platform, where they aim to serve their customers’ needs, bringing together the advantages of B2B, B2C and B2B2C models within a single platform. Their diversified exchange platform allows them to harness synergies and provides cross-selling and upselling opportunities to both consumers and businesses.
MOS Utility IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 4,970.94 | 3,513.48 | 2,459.02 | 2,513.42 |
| *Total Revenue | 5,435.41 | 8,096.01 | 6,792.07 | 9,156.51 |
| Total Expense | – | – | – | – |
| Profit After Tax | 195.84 | 157.67 | 84.69 | 128.59 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.07 | 0.86 | 0.46 | 0.32 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 195.84 Lakh, Rs. 157.67 Lakh, Rs. 84.69 Lakh and Rs. 128.59 Lakh respectively.
MOS Utility IPO – Promoters
The Promoter of this company is:
- CHIRAG SHAH,
- KURJIBHAI RUPARELIYA
- SKY OCCEAN INFRASTRUCTURE LIMITED
List of Related Parties (Key Managerial Personnel)
- Ravi Natvarlal Ruparelia, Managing Director
- Santosh Ramrao Mijgar, Executive Director
- Hiteshbhai Ghelabhai Ramani, Non-Executive Director
- Aladiyan Manickam, Non-Executive and Independent Director
- Anjeeta Anandnath Mishra, Non-Executive and Independent Director
MOS Utility IPO – Promoters Holding
- Pre-Issue Share Holding – 82.91%
- Post-Issue Share Holding – %
MOS Utility IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,574,400 Equity Shares aggregating up to Rs.4,997 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,29,600 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 62,44,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,91,61,186 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
MOS Utility IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet the working capital requirements;
2. General corporate purposes; and
3. To meet the Offer expenses
MOS Utility IPO – Business Strategy
- Leverage existing market position to grow each business segment
- Develop, manage and operate the Bollywood Park at Film City
- Increase presence throughout India
MOS Utility IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager based on the following qualitative and quantitative factors.
Qualitative factors are:
- Providing a variety of services under one roof such as banking, travel, insurance, utility, entertainment, API/Wallet, courier and franchise services.
- The company has an extensive distributor and agent network.
- The company has a PAN India presence enabling it to cater for a large group of customers.
- Strong management expertise and a cohesive team
- A highly automated system providing the company with an edge over its competitors
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 0.86 | 18.66 | 4.63 |
| 31-Mar-21 | 0.46 | 12.33 | – |
| Mar-20 | 0.32 | 9.61 | – |
MOS Utility IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| MOS Utility Limited | 10 | [●] | 0.86 | 18.66% | 844.78 |
| Listed Peers | |||||
| Easy Trip Planners | 10 | 69.98 | 4.87 | 44.92% | 23,580.63 |
MOS Utility IPO Lead Managers
| Lead Managers |
| UNISTONE CAPITAL PRIVATE LIMITED A/305, Dynasty Business Park, Andheri Kurla Road, Andheri East, Mumbai 400059, Maharashtra Telephone: +91 98200 57533 Email: mb@unistonecapital.com Website: www.unistonecapital.com Investor grievance email: compliance@unistonecapital.com Contact Person: Brijesh Parekh SEBI registration number: INM000012449 CIN: U65999MH2019PTC330850 |
MOS Utility IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India Telephone: 011-40450193-197 Facsimile: 011-26812683 Email: ipo@skylinerta.com; Investor Grievance Email: grievances@skylinerta.com Contact Person: Rati Gupta Website: www.skylinerta.com SEBI Registration Number: INR000003241 CIN: U74899DL1995PTC071324 |
MOS Utility IPO – Other Details
- Statutory Auditor – Mathia & Co., Chartered Accountants
- Legal Counsel to the Company – Advocate Pooja Sharma
- Bankers to the Company – Yes Bank Limited
MOS Utility IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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MOS Utility Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
MOS Utility IPO Review FAQs
Check out various FAQs related to MOS Utility IPO:
What is the Issue Size of MOS Utility IPO?
The Company is making an initial public offer of 6,574,400 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of a MOS Utility IPO?
The price band for this particular IPO ranges between Rs 72 to Rs 76. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the MOS Utility IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 31, 2023, while the closing date is set for Apr 6, 2023.
What is the MOS Utility IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Apr 12, 2023, refund initiation is on Apr 13, 2023, credit of shares is on Apr 17, 2023, and share listing date is on Apr 18, 2023.
What is the MOS Utility IPO Listing Date?
Shares of this company shall be listed in the exchanges on Apr 18, 2023. The date, when the listing would be done, is stagnant on Apr 18, 2023.
Who is the Registrar of MOS Utility IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Skyline Financial Services Private Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of MOS Utility IPO?
Here are the promoters of this IPO – CHIRAG SHAH, KURJIBHAI RUPARELIYA AND SKY OCCEAN INFRASTRUCTURE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of MOS Utility IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is MOS Utility IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of MOS Utility Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 157.67, 2021 is 84.69, and 2020 is 128.59. PAT from Sep 2022 is 195.84.
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