The Shree OSFM E-Mobility IPO date has confirmed from December 14, 2023 and closes on December 18, 2023.
Using an IPO, Shree OSFM E-Mobility is seeking to raise Rs 24.60 crores. Its price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹260,000.
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Bidding Dates
December 14-18
Price Range
₹65 per share
Face Value
₹10 per share
GMP
₹2
Shree OSFM E-Mobility IPO GMP
The Shree OSFM E-Mobility Limited IPO GMP is ₹2.
IPO Overview
Shree OSFM E-Mobility IPO is a Rs 24.60 crore fixed price issuance. The issue is entirely new, with 37.84 lakh shares being issued. The Shree OSFM E-Mobility IPO goes on sale on December 14, 2023, and ends on December 18, 2023. The Shree OSFM E-Mobility IPO allotment is expected to be completed on Tuesday, December 19, 2023. The Shree OSFM E-Mobility IPO will be listed on the NSE SME on Thursday, December 21, 2023. The IPO price for Shree OSFM E-Mobility is Rs. 65 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of $130,000. The minimum lot size for HNI is two lots (4,000 shares), totaling $260,000.
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.
Shree OSFM E-Mobility IPO Details
| Shree OSFM E-Mobility IPO Dates | 14 – 18 December 2023 |
| Shree OSFM E-Mobility Issue Price | INR 65 per share |
| Fresh issue | 3,784,000 shares (INR 24.60 crore) |
| Offer For Sale | Nil |
| Total IPO size | 3,784,000 shares (INR 24.60 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 130,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Shree OSFM E-Mobility Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 29.19 | 30.30 | 82.11 | 55.72 |
| Expenses | 26.73 | 27.19 | 74.37 | 48.58 |
| Net income | 0.74 | 1.63 | 3.09 | 2.23 |
Shree OSFM E-Mobility IPO Dates & Listing Performance
| IPO Opening Date | 14 December 2023 |
| IPO Closing Date | 18 December 2023 |
| Finalization of Basis of Allotment | 19 December 2023 |
| Initiation of refunds | 20 December 2023 |
| Transfer of shares to demat accounts | 20 December 2023 |
| IPO Listing Date | 21 December 2023 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Profile
Shree OSFM E-Mobility Limited, formerly known as Om Sai Fleet Management (India) Private Limited, was founded in 2006 and specialises in providing employee transportation services to large multinational corporations with offices in major Indian cities. Shree OSFM has a “asset light” engagement strategy. Monthly leasing, per km, per passenger journey, and package mode are typical operational characteristics. The corporation operates 1475 fleets. This includes 217 vehicles owned by the corporation and the remainder rented from various vendors,
including small cars, sedans, SUVs, luxury cars, and buses.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Shree OSFM E-Mobility Limited |
| Phone number | +91 22 27544431 |
| Email ID | cs@shreeosfm.com |
| Website | shreeosfm.com |
IPO Strenghts
- 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.
