Shree OSFM E Mobility IPO Details ( Shree OSFM E Mobility Limited IPO Review )
(14 Dec 2023 – 18 Dec 2023)
Shree OSFM E-Mobility Limited, formerly known as Om Sai Fleet Management (India) Private Limited, started its journey in 2006. The company specializes in providing transportation services for employees of large multinational companies in various major cities across India.
Shree OSFM follows an “asset light” model, working on monthly leases, per kilometer charges, per passenger trip rates, and package deals. The company manages a fleet of over 1475 vehicles, which includes small cars, sedans, SUVs, luxury cars, and buses. Out of these, 217 vehicles are owned by the company, and the rest are leased from different vendors.
The company has offices in 42 locations in cities such as Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. Shree OSFM E-Mobility serves clients like JP Morgan, Morgan Stanley, Cape Gemini, Accenture, and more.
Their range of services includes:
- Travel Desk Management
- Roster Management Services
- Logistics for Corporate Events (MICE)
- Fleet Management
In fiscal years 2021, 2022, and 2023, the company achieved total revenues of Rs. 2,978.51 lacs, Rs. 3,079.58 lacs, and Rs. 8,261.01 lacs, respectively.
Shree OSFM E Mobility Limited IPO Competitive Strength
- Asset Light Business Model and competitive service offerings
- Existing well-established goodwill and client relationships
- Experienced Promoter and management team with strong industry expertise and successful track record
- Quality Assurance
Shree OSFM E Mobility IPO Financials Performance ( Results )
Shree OSFM E Mobility Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 2,909.86 | 2,978.51 | 73.76 | 4.92 | 1,607.99 | 1,457.99 | |
| 31-Mar-22 | 2,588.41 | 3,079.58 | 162.78 | 10.85 | 1,736.27 | 1,586.27 | |
| 31-Mar-23 | 4,203.97 | 8,261.01 | 309.09 | 2.94 | 2,045.36 | 995.36 | |
| 30-Sep-23 | 5,019.67 | 5,597.09 | 222.59 | 2.12 | 2,267.95 | 1,217.95 |
Objective of Shree OSFM E Mobility IPO Issue
- Funding additional Working capital requirements
- Purchase of Passenger Vehicles
- General Corporate Purposes
Shree OSFM E Mobility IPO Basic Details
| IPO Date | Dec 14, 2023 to Dec 18, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Issue Size | 3,784,000 shares of ₹10 (aggregating up to ₹24.60 Cr) |
| Fresh Issue | 3,784,000 shares of ₹10 (aggregating up to ₹24.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,500,000 |
| Share holding post issue | 14,284,000 |
| Company Promoters | Mr. Ramnath Chandar Patil and Mr. Nitin Bhagirath Shanbhag |
Shree OSFM E Mobility IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Shree OSFM E Mobility IPO Timetable
Shree OSFM E Mobility IPO will open on December 14, 2023 and close on December 18, 2023. You can join Shree OSFM E Mobility IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 14 December 2023 (Thursday) |
| Closing Date | 18 December 2023 (Monday) |
| Basis of Allotment | 19 December 2023 (Tuesday) |
| Initiation of Refunds | 20 December 2023 (Wednesday) |
| Credit of Shares to Demat | 20 December 2023 (Wednesday) |
| Listing Date | 21 December 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 18 December 2023 |
Shree OSFM E Mobility IPO Lot Size
For retail investors in Shree OSFM E Mobility IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹130,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹130,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| S-HNI (Min) | 2 | 4000 | ₹260,000 |
Shree OSFM E Mobility IPO Promoter Holding
The company’s promoters include Mr. Ramnath Chandar Patil and Mr. Nitin Bhagirath Shanbhag.
| Pre Issue Share Holding | 76.02% |
| Post Issue Share Holding | 55.88% |
Shree OSFM E Mobility Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Earning Per Share (EPS) | ₹2.94 per Equity Share |
| Net Asset Value (NAV) | ₹19.48 per Equity Share |
| P/E Ratio (P/E) (x) | 22.08 |
| Return on Net Worth (RoNW) (%) | 15.11 |
| Return on equity (ROE) (%) | 0.09 |
| Return on Capital Employed (ROCE) (%) | 0.21 |
| Debt/Equity Ratio | 0.45 |
Shree OSFM E Mobility Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CMP (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Shree OSFM E Mobility Limited | Standalone | 65.00 | 10 | 2.94 | 22.11 | 15.11 | 19.48 |
| Peer Group | |||||||
| VRL Logistics Limited | Standalone | 712.35 | 10 | 36.58 | 19.47 | 33.12 | 103.99 |
Shree OSFM E Mobility IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹0 | – | – |
| 20 December 2023 | ₹0 | – | – |
| 19 December 2023 | ₹0 | – | – |
| 18 December 2023 | ₹0 | – | – |
| 17 December 2023 | ₹0 | – | – |
| 16 December 2023 | ₹0 | – | – |
Shree OSFM E Mobility IPO Detail Video:
link
Shree OSFM E Mobility IPO Subscription Status (Bidding Detail)
The Shree OSFM E Mobility IPO on December 18, 2023 at 7:30:00 PM was subscribed 8.52 times, with the retail category being subscribed 9.30 times, the other category being subscribed 6.82 times.
| Category | Subscription |
| Other | 6.82x |
| Retail | 9.30x |
| Total | 8.52x |
Shree OSFM E Mobility IPO Prospectus
| Shree OSFM E Mobility IPO DRHP | Download |
| Shree OSFM E Mobility IPO RHP | Download |
| Shree OSFM E Mobility IPO Anchor Investors Details PDF | Download |
Shree OSFM E Mobility IPO Rating
| Our Rating | 2.0/5.0 |
Shree OSFM E Mobility Company Contact Information
Shree OSFM E Mobility Limited
Registered Office: 104, Green Park, Plot No. 2 & 3, Sector 3, Opp. Ghansoli Rly Station, Ghansoli, New Mumbai – 400701, Maharashtra, India
Tel No.: +91 22 27544431
Email: cs@shreeosfm.com
Website: www.shreeosfm.com
Contact Person: Vikash Jain, Company Secretary and Compliance Officer.
Promoter: Ramnath Chandar Patil and Nitin Bhagirath Shanbhag
Shree OSFM E Mobility IPO Registrar
Bigshare Services Private Limited
Registered Office: S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai – 400 093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
SEBI Registration No.: INR000001385
Contact Person: Babu Rapheal C.
Shree OSFM E Mobility IPO Lead Manager
First Overseas Capital Limited
Registered Office: 1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001,
Maharashtra, India.
Tel No.: +91 22 4050 9999
Email: mb@focl.in
Investor Grievance Email: investorcomplaints@focl.in
Website: www.focl.in
SEBI Registration No: INM000003671
Contact Person: Mala Soneji / Hemali Pithva
Shree OSFM E Mobility IPO FAQs
What is the lot size of Shree OSFM E Mobility IPO?
The total size of Shree OSFM E Mobility IPO is ₹24.60 crores and this is a complete fresh Issue.
When will Shree OSFM E Mobility IPO start?
Shree OSFM E Mobility IPO will open from 14 December 2023 and IPO will close on 18 December 2023.
What is the open date of Shree OSFM E Mobility IPO?
Shree OSFM E Mobility IPO will open date from 14 December 2023.
What is the last date ( close date ) of Shree OSFM E Mobility IPO?
Shree OSFM E Mobility IPO will close from 18 December 2023.
What is the price band of Shree OSFM E Mobility IPO?
Shree OSFM E Mobility IPO price band is ₹65.
What is the minimum amount required to apply for Shree OSFM E Mobility IPO?
The minimum investment for retailers to apply for Shree OSFM E Mobility IPO is ₹130,000 and the maximum investment is ₹130,000.
What is going on gray market premium of Shree OSFM E Mobility IPO?
View gray market premium of Shree OSFM E Mobility IPO by Clicking Here
How much is the GMP of Shree OSFM E Mobility IPO?
Watch Shree OSFM E Mobility IPO GMP Today: Click Here
What is the allotment date of Shree OSFM E Mobility IPO?
The allotment date of Shree OSFM E Mobility IPO is 19 December 2023.
How to check allotment status in Shree OSFM E Mobility IPO?
To check the allotment status of Shree OSFM E Mobility IPO, first of all go to the registrar website by clicking here, select your bad Shree OSFM E Mobility IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Shree OSFM E Mobility IPO?
The listing date of Shree OSFM E Mobility IPO is 21 December 2023.
How much will be the listing gain in Shree OSFM E Mobility IPO?
View listing gain of Shree OSFM E Mobility IPO by Clicking Here
How much time Shree OSFM E Mobility IPO is subscribed?
Total 8.52 times subscribed in Shree OSFM E Mobility IPO out of which 9.30 times subscription was done in retail quota, 6.82 times subscription in other quota.
How to apply for Shree OSFM E Mobility IPO from Upstox?
Click Here to see how to apply for Shree OSFM E Mobility IPO from Upstox. (step by step)
How to apply for Shree OSFM E Mobility PO from Zerodha?
Click Here to see how to apply for Shree OSFM E Mobility IPO from Zerodha. (step by step)
How to apply for Shree OSFM E Mobility IPO from Angle One?
Click Here to see how to apply for Shree OSFM E Mobility IPO from Angle One. (step by step)
