The Shree OSFM E Mobility IPO started on December 14, 2023, and ended on December 18, 2023. Shares were allocated on December 19, 2023, and refund processes began on December 20, 2023. On December 20, 2023, the shares were credited to investors demat accounts. Shree OSFM E Mobility was officially listed on the stock exchange on December 21, 2023.
During the IPO, Shree OSFM E Mobility offered shares at a price range of ₹65 per share, and the lot size was 2000 shares. The total issue size was ₹24.60 crores, with ₹24.60 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Shree OSFM E Mobility IPO Subscription Update Video
Shree OSFM E Mobility IPO Subscription Status
The Shree OSFM E Mobility IPO on December 18, 2023 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 Basic Details
| Company Name | Shree OSFM E Mobility Limited |
| Domain of Company | E Mobility Company |
| Shree OSFM E Mobility IPO Open Date | December 14, 2023 |
| Shree OSFM E Mobility IPO Close Date | December 18, 2023 |
| Shree OSFM E Mobility IPO Allotment Date | December 19, 2023 |
| Shree OSFM E Mobility IPO Listing Date | 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 |
| Company Promoters | Mr. Ramnath Chandar Patil and Mr. Nitin Bhagirath Shanbhag |
About Shree OSFM E Mobility Limited
Established in 2006, Shree OSFM E-Mobility Limited, formerly known as Om Sai Fleet Management (India) Private Limited, specializes in providing transportation services for employees to large multinational companies across major cities in India.
Shree OSFM follows an “asset light” model, operating on monthly leases, per kilometer, per passenger trip, and package basis. The company manages a fleet of over 1475 vehicles, including small cars, sedans, SUVs, luxury cars, and buses. Out of these, 217 vehicles are company-owned, and the rest are leased from various vendors.
With offices in 42 locations, such as Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata, Shree OSFM E-Mobility serves prominent clients like JP Morgan, Morgan Stanley, Cape Gemini, Accenture, and others.
The company’s service portfolio encompasses:
- Travel Desk Management
- Roster Management Services
- Logistics for Corporate Events (MICE)
- Fleet Management
In fiscal years 2023, 2022, and 2021, Shree OSFM E-Mobility reported total revenues of Rs. 8,261.01 lacs, Rs. 3,079.58 lacs, and Rs. 2,978.51 lacs, respectively.
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Shree OSFM E Mobility IPO FAQs
What is the start and end date of Shree OSFM E Mobility IPO Subscription?
The Shree OSFM E Mobility IPO started on December 14, 2023, and ended on December 18, 2023.
When does Shree OSFM E Mobility IPO Subscription open?
The Shree OSFM E Mobility IPO open on December 14, 2023.
When does Shree OSFM E Mobility IPO Subscription close?
The Shree OSFM E Mobility IPO Close on December 18, 2023.
What is the allotment date of Shree OSFM E Mobility IPO?
The allotment date for Shree OSFM E Mobility IPO is December 19, 2023.
When is the initial refund date of Shree OSFM E Mobility IPO?
The initial Refund date for Shree OSFM E Mobility IPO is December 20, 2023.
When were the shares credited to investors demat accounts for the Shree OSFM E Mobility IPO?
The shares for the Shree OSFM E Mobility IPO were credited to investors demat accounts on December 20, 2023.
When will Shree OSFM E Mobility IPO be listed on the stock market?
Shree OSFM E Mobility IPO stock market will be listed on December 21, 2023 at 10 am.
What was the price range of the Shree OSFM E Mobility IPO shares?
The Shree OSFM E Mobility IPO shares were offered at a price range of ₹65 per share.
What was the lot size for the Shree OSFM E Mobility IPO shares?
The lot size for the Shree OSFM E Mobility IPO shares was 2000 shares.
What was the total issue size of the Shree OSFM E Mobility IPO?
The total issue size of the Shree OSFM E Mobility IPO was ₹24.60 crores.
How were the shares allocated among different types of investors for the Shree OSFM E Mobility IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Shree OSFM E Mobility IPO listed?
The Shree OSFM E Mobility IPO was listed on the NSE SME.
What is the Shree OSFM E Mobility IPO Subscription Status?
Shree OSFM E Mobility IPO is subscribed 8.52 Times.
