Shree OSFM E-Mobility IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 19, 2023Let’s have a detailed review of the company and analytics of the Shree OSFM E-Mobility IPO release date, IPO offer price, subscription, Shree OSFM E-Mobility 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 65 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | December 21, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2460 Lakh |
| IPO Size | Rs 2460 Lakh |
| Tick Size | 1 |
Shree OSFM E-Mobility IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Shree OSFM E-Mobility Share Price |
Shree OSFM E-Mobility IPO – Summary
Their Company is engaged in providing employee transportation services to large MNCs with a presence across major cities in India.
They have over 16+ years of experience in catering to the employee transportation needs of companies in IT/ITES, Aviation and other sectors. They operate a largely “asset-light” engagement model. Typical operating parameters are on a monthly lease, per kilometre, per passenger trip and package model.
The Promoter of this company is RAMNATH CHANDAR PATIL AND NITIN BHAGIRATH SHANBHAG. The lead manager of the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Shree OSFM E-Mobility IPO Date
The opening and closing dates of the Shree OSFM E-Mobility IPO are December 14, 2023, and December 18, 2023, respectively.
Shree OSFM E-Mobility IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 14th Dec | 1.67x | 1.82x | 2.18x |
| 2nd Day – 15th Dec | 2.16x | 3.99x | 3.50x |
| 3rd Day – 18th Dec | 6.82x | 9.30x | 8.52x |
| Shares Offered or Net Issue | 1,792,000 | 1,792,000 | 3,784,000 |
The shares subscribed by the public will be updated here.
Shree OSFM E-Mobility 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.
Shree OSFM E-Mobility Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 19, 2023 |
| Refunds Initiation | December 20, 2023 |
| Credit of Shares to Demat Account | December 20, 2023 |
| Share Listing Date | December 21, 2023 |
Shree OSFM E-Mobility IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.65
Shree OSFM E-Mobility IPO Equity Size
This Initial Public Issue of 3,784,000 Equity Shares of Rs.10 each for cash at a price of Rs.65 per equity share aggregating to Rs.2460 Lakh.
Shree OSFM E-Mobility IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,784,000 Equity Shares of Rs.10/ each.
Issue Size: 3,784,000 Equity Shares of Rs.10 each, aggregating to Rs.2460 Lakh
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Shree OSFM E-Mobility IPO – Live Performance
The listing date of this IPO is December 21, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shree OSFM E-Mobility Share Price |
Shree OSFM E-Mobility IPO Grey Market Premium
The Shree OSFM E-Mobility Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Shree OSFM E-Mobility IPO – Company Overview
Presently, they operate with a 1475+ fleet with a variety of vehicles such as Small cars, Sedans, SUVs, Luxury Cars and Buses of which 217 vehicles are owned by them and rest is leased by them from various vendors.
Their Company currently has operations in 42 sites spread across Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. Their clients include major BPM players such as JP Morgan, Morgan Stanley, Cape Gemini, Accenture etc.
They are a people logistics services provider to the corporates. They follow an asset-light business model wherein they have vendors who make available to them vehicles and drivers.
Shree OSFM E-Mobility 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-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 5,019.67 | 4,203.97 | 2,588.41 | 2,909.86 |
| *Total Revenue | 5,597.09 | 8,261.01 | 3,079.58 | 2,978.51 |
| Total Expense | 4,858.35 | 7,437.05 | 2,718.64 | 2,673.11 |
| Profit After Tax | 222.59 | 309.09 | 162.78 | 73.76 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 2.94 | 1.55 | 0.70 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 309.09 Lakh, Rs. 162.78 Lakh and Rs. 73.76 Lakh respectively.
Shree OSFM E-Mobility IPO – Promoters
The Promoter of this company is:
- RAMNATH CHANDAR PATIL
- NITIN BHAGIRATH SHANBHAG
List of Related Parties (Key Managerial Personnel)
- Ramnath Chandar Patil, Managing Director
- Nitin Bhagirath Shanbhag, WTD and Chairman
- Abhishek Agrawal, Non-Executive and Independent Director
- Ravikant Moreshwar Mhatre, Non-Executive and Independent Director
Shree OSFM E-Mobility IPO – Promoters Holding
- Pre-Issue Share Holding – 76.02%
- Post-Issue Share Holding – 55.88%
Shree OSFM E-Mobility IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 37,84,000 Equity Shares aggregating up to Rs.2,459.60 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,00,000 Equity Shares aggregating up to Rs.130.00 Lakh |
| Net Issue to the Public | Up to 35,84,000 Equity Shares aggregating up to Rs.2,329.60 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 17,92,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 17,92,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,05,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,42,84,000 Equity Shares |
Shree OSFM E-Mobility IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding additional Working capital requirements;
- Purchase of Passenger Vehicles;
- General Corporate Purposes
Shree OSFM E-Mobility IPO – Business Strategy
- Leveraging their existing client relationship to cross-sell other offerings
- Growing Vendor / Driver Pool
- Inorganic Growth
Shree OSFM E-Mobility IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Asset Light Business Model and Competitive Service Offerings
- Existing well-established goodwill and client relationships
- Experienced Promoter and management team with strong industry expertise and successful track record
- Quality Assurance
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 2.94 | 15.11% | 19.48 |
| 31-Mar-22 | 1.55 | 9.38% | – |
| Mar-21 | 0.70 | 4.59% | – |
Shree OSFM E-Mobility IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV (Rs.) | |
| Shree OSFM E-Mobility Limited | 10 | 22.11 | 2.94 | 15.11% | 3.34 |
| Listed Peers | |||||
| VRL Logistics Ltd. | 10 | 19.47 | 36.58 | 33.12 | 6.85 |
Shree OSFM E-Mobility IPO Lead Managers
| Lead Managers |
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001, Maharashtra, India. Tel No.: +91 22 4050 9999 Email: mb@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in SEBI Registration No: INM000003671 Contact Person: Mala Soneji / Hemali Pithva |
Shree OSFM E-Mobility IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai – 400 093, Maharashtra, India Tel. No.: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com SEBI Registration No.: INR000001385 Contact Person: Babu Rapheal C. |
Shree OSFM E-Mobility IPO – Other Details
- Statutory Auditor – M/s. Kale Malde & Co., Chartered Accountants
- Legal Counsel to the Company – Pabari Legal Associates
- Bankers to the Company – Axis Bank Limited and Punjab National Bank
Shree OSFM E-Mobility 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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Shree OSFM E-Mobility Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Shree OSFM E-Mobility IPO Review FAQs
Check out various FAQs related to Shree OSFM IPO:
What is the Issue Size of Shree OSFM IPO?
The Company is making an initial public offer of 3,784,000 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 the Shree OSFM IPO?
The price band for this particular IPO ranges between Rs 65. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Shree OSFM IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 14, 2023, while the closing date is set at December 18, 2023.
What is the Shree OSFM IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 19, 2023, refund initiation is on December 20, 2023, credit of shares is on December 20, 2023, and share listing date is on December 21, 2023.
What is the Shree OSFM IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 21, 2023. The date, when the listing would be done, is stagnant on December 21, 2023.
Who is the Registrar of Shree OSFM IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Shree OSFM IPO?
Here are the promoters of this IPO – RAMNATH CHANDAR PATIL AND NITIN BHAGIRATH SHANBHAG. 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 Shree OSFM E-Mobility 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 Shree OSFM E-Mobility 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 Shree OSFM E-Mobility 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 2023 in Lakh is 309.09, 2022 is 162.78, and 2021 is 73.76. PAT from Sep 2023 is 222.59.
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