Shree OSFM E-Mobility Limited IPO Detail
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.
Company Promoters
Mr. Ramnath Chandar Patil and Mr. Nitin Bhagirath ShanbhagIPO Details
| IPO Opening Date | Dec 14, 2023 |
| IPO Closing Date | Dec 18, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹24.60 Cr |
| Fresh Issue | ₹24.60 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.67x | 1.82x | 2.17x | |
| Day 2 | - | - | 2.16x | 3.89x | 3.45x | |
| Day 3 | - | - | 6.82x | 9.30x | 8.52x |
IPO Tentative Timetable
The Shree OSFM E-Mobility Limited IPO open date is Dec 14, 2023, and the close date is Dec 18, 2023. The issue may list on Dec 21, 2023.
| IPO Open Date | Dec 14, 2023 |
| IPO Close Date | Dec 18, 2023 |
| Basis of Allotment Date | Dec 19, 2023 |
| Initiation of Refunds | Dec 20, 2023 |
| Credit of Shares to Demat Account | Dec 20, 2023 |
| IPO Listing Date | Dec 21, 2023 |
IPO Lot Size
The Shree OSFM E-Mobility Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹130000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹130000 |
| Maximum | 1 | 2000 | ₹130000 |
IPO Promoter Holding
| Pre Issue Share Holding | 76.02% |
| Post Issue Share Holding | 55.88% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2909.86 | 2978.51 | 73.76 |
| 31-Mar-22 | 2588.41 | 3079.58 | 162.78 |
| 31-Mar-23 | 4203.97 | 8261.01 | 309.09 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding additional Working capital requirements
- Purchase of Passenger Vehicles
- General Corporate Purposes
Shree OSFM E-Mobility Limited IPO Registrar:
Bigshare Services Pvt Ltd
Shree OSFM E-Mobility Limited IPO Lead Manager(s):
First Overseas Capital Limited
Company Contact Information:
Shree OSFM E-Mobility Limited
104, Green Park, Plot No. 2 & 3,
Sector 3, Opp. Ghansoli Rly Station,
Ghansoli, New Mumbai - 400701
