MOS Utility Limited IPO Detail
Incorporated in 2009, MOS Utility Limited provides digital products and services in the B2C, B2B, and financial technology fields through an integrated business model.
The company provides business opportunities for shopkeepers, retailers, students, housewives, professionals, and insurance agents to start their own online e-commerce business to promote the government's "Vocal for Local" campaign.
MOS Utility has seven primary business segments, namely: banking, travel, insurance, utility services, entertainment services, franchisee, and other services.
The company combines over 1,68,018 network partners including agents, distributors, and master distributors for payment solutions, remittance, utility, travel, and insurance products, etc throughout PAN India with a digital online platform.
Company Promoters
Chirag Shah, Kurjibhai Rupareliya and Sky Occean Infrastructure LimitedIPO Details
| IPO Opening Date | Mar 31, 2023 |
| IPO Closing Date | Apr 06, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 - 76 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹49.97 Cr |
| Fresh Issue | 5,774,400 shares |
| Offer for Sale | 800,000 shares |
| Retail Portion | 35% |
IPO Tentative Timetable
The MOS Utility Limited IPO open date is Mar 31, 2023, and the close date is Apr 06, 2023. The issue may list on Apr 18, 2023.
| IPO Open Date | Mar 31, 2023 |
| IPO Close Date | Apr 06, 2023 |
| Basis of Allotment Date | Apr 12, 2023 |
| Initiation of Refunds | Apr 13, 2023 |
| Credit of Shares to Demat Account | Apr 17, 2023 |
| IPO Listing Date | Apr 18, 2023 |
IPO Lot Size
The MOS Utility Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹121600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹121600 |
| Maximum | 1 | 1600 | ₹121600 |
IPO Promoter Holding
| Pre Issue Share Holding | 82.91% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2,513.42 | 9,156.51 | 128.59 |
| 31-Mar-21 | 2,459.02 | 6,792.07 | 84.69 |
| 31-Mar-22 | 3,513.48 | 8,096.01 | 157.67 |
| 30-Sep-22 | 4,970.94 | 5,435.41 | 195.84 |
Objects of the Issue:
The company intends to utilize the proceeds of the issue for the following objectives:
- To meet the working capital requirements.
- General corporate purposes and offer related expenses.
MOS Utility Limited IPO Registrar:
Skyline Financial Services Private Ltd
MOS Utility Limited IPO Lead Manager(s):
Unistone Capital Pvt Ltd
Company Contact Information:
MOS Utility Limited
12th Floor, Atul First Avenue, Above Kia Motors
Showroom, Goregaon - Mulund Link Rd,
Malad West, Mumbai- 400064
