The MOS Utility IPO date has been confirmed from March 31 and ended on April 6. Read the post to learn about MOS Utility IPO GMP.
The MOS Utility IPO generated Rs 49.97 crores, including a fresh issue of 57.74 lakh shares, amounting to Rs 43.89 crores, and an offer for sale of 8 lakh shares, valued at Rs 6.08 crores. The bidding phase for the MOS Utility IPO started on March 31, 2023, and closed on April 6, 2023. The IPO’s allocation was determined on Wednesday, April 12, 2023. Following this development, the shares appeared on the NSE SME listing on April 18, 2023.
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Bidding Dates
Mar 31 – Apr 6, 2023
Price Range
₹72 to ₹76 per share
Face Value
₹10 per share
GMP
₹6
MOS Utility IPO GMP
The MOS Utility IPO GMP Today is ₹6.
IPO Overview
MOS Utility has designated a share price range of ₹72 to ₹76 for its IPO. MOS Utility IPO GMP Today is ₹6. The minimum investment for retail investors is ₹121,600, necessitating the purchase of 1600 shares at a minimum. Conversely, High Net Worth Individuals (HNIs) must invest in 2 lots, totaling 3,200 shares, and the total investment amounts to ₹243,200. MOS Utility is a company focused on leveraging technology to deliver digital products and services spanning B2C, B2B, and financial technology sectors. The company’s main priority is to integrate financial exchange channels and processes, complemented by providing a comprehensive platform.
Leveraging its varied exchange platform, the company optimizes synergies, facilitating cross-selling and upselling for consumers and businesses alike. MOS Utility operates with a “phygital” strategy, integrating physical and digital elements, and partners with over 168,018 network partners nationwide, including agents, distributors, and master distributors. Their services span payment solutions, remittance, utility services, travel, insurance products, and beyond. Focused on customer satisfaction, this business model ensures a seamless experience across all products, services, and locations.
MOS Utility Ltd. Company Financials
| Particulars | Year ending on March 31, 2022 (₹ Lakh) | Year ending on March 31, 2021 (₹ Lakh) | Year ending on March 31, 2020 (₹ Lakh) |
| Revenue from Operations | 7,734.01 | 6,766.39 | 8,819.34 |
| Profit After Tax (PAT) | 157.67 | 84.69 | 57.87 |
| EBITDA | 394.63 | 176.27 | 315.85 |
| EBITDA Margin | 4.87% | 2.60% | 3.25% |
| ROE | 20.59% | 13.13% | 13.75% |
| Period Ended | As on March 31, 2022 (₹ Lakh) | As on March 31, 2021 (₹ Lakh) | As on March 31, 2020 (₹ Lakh) |
| Current Asset | 1,880.55 | 1,757.56 | 1,901.04 |
| Current Liabilities | 1,339.22 | 945.66 | 1,313.17 |
Company Profile
Founded in 2009, MOS Utility Ltd. has been in operation since then. Specializing in technology-enabled digital services, it assists B2B, B2C, and fintech organizations. Utilizing an integrated business methodology, grants multiple clients the chance to establish their innovative online businesses. Delivering financial channel and process convergence as a service to ensure consistent client satisfaction regardless of the product. Their primary product offering is an online platform that connects and integrates front-end channels with back-end technology operations. It organises its services primarily to the following seven sectors.
Contact Details
| Name | MOS Utility Ltd |
| Phone number | +91 84337 24642 |
| Email ID | secretarial@mos-world.com |
| Website | https://www.mos-world.com/ |
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | ipo@skylinerta.com |
| Website | https://www.skylinerta.com/ipo.php |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
