Shree OSFM E-Mobility Limited, a pioneering force in the transportation sector, is gearing up for a groundbreaking Initial Public Offering (IPO) with a fixed price issue of Rs 24.60 crores. This fresh issue entails 3,784,000 shares, reflecting the company’s commitment to shaping the future of mobility.
Key IPO Details and Schedule
IPO Opening Date: December 14, 2023
IPO Closing Date: December 18, 2023
Allotment Finalization: December 19, 2023
Listing Date: December 21, 2023
Issue Price: ₹65 per share
Lot Size: 2000 Shares
Minimum Investment (Retail): ₹130,000
Minimum Investment (HNI): ₹260,000
Overview of Shree OSFM E-Mobility
Founded in 2006, Shree OSFM E-Mobility has been at the forefront of providing transportation services to employees of major multinational companies across key Indian cities. With a fleet exceeding 1475 vehicles, the company operates on an “asset-light” model, offering services such as travel desk management, roster management, logistics for corporate events, and fleet management.
Also read: Inox CVA IPO: Subscription, Price Band, Lot Size, and More
Financial Snapshot
- Revenue (FY 2023): Rs. 8,261.01 lacs
- Profit After Tax (FY 2023): Rs. 222.59 lacs
- Market Cap: Rs 92.85 Cr
- P/E Ratio: 22.08
- Debt/Equity Ratio: 0.45
Subscription Status and Market Trends
As of Day 1, the Shree OSFM E-Mobility IPO has garnered significant attention, being subscribed 2.18 times. Retail investors can participate with a minimum investment of ₹130,000, while HNI investors can invest ₹260,000 in 2 lots (4,000 shares).
Glimpse into the Future: What the IPO Indicates
The IPO’s primary objectives include funding additional working capital requirements, acquiring passenger vehicles, and addressing general corporate needs. The net proceeds from this IPO will play a pivotal role in steering Shree OSFM E-Mobility towards sustained growth and innovation.
Grey Market Premium (GMP) Analysis
The GMP for Shree OSFM E-Mobility Ltd currently stands at ₹2, indicating a listing premium of 3.08%. While the GMP is not an official metric, it offers insights into market sentiment and likely listing dynamics.
How to Participate
Retail investors can invest a minimum of ₹130,000, with no upper limit. HNI and NII investors can apply for a minimum of 2 lots, amounting to ₹260,000. The IPO closes on December 18, 2023, with listing scheduled for December 21, 2023.
As we anticipate the unfolding of this transformative chapter, Shree OSFM E-Mobility’s IPO stands as a testament to the evolving landscape of sustainable and innovative transportation solutions. Stay tuned for more updates on this exciting journey into the future of mobility.
Note: All figures and dates mentioned are based on available information as of the last update.