Shree OSFM E-Mobility Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,792,000 (47%) | — | ₹1,165 Cr |
| Retail | — | 1,792,000 (47%) | — | ₹1,165 Cr |
| Market Maker | — | 200,000 (5%) | — | ₹13 Cr |
| Σ Total | — | 3,784,000 (100%) | — | ₹24,596 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹130,000 |
| Retail (Max) | 13 | 26,000 | ₹1,690,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,820,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,710,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 5,597 | 8,261 | 3,080 |
| Profit After Tax | 223 | 309 | 163 |
| Net Worth | 2,268 | 2,045 | 1,736 |
| Total Assets | 5,020 | 4,204 | 2,588 |
| Reserves & Surplus | 1,218 | 995 | 1,586 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding additional Working capital requirements –
- Purchase of Passenger Vehicles –
- General Corporate Purposes –
Company Overview
Incorporated in 2006, Shree OSFM E-Mobility Limited provides transportation services to employees of large multinational companies in major Indian cities. The company operates a fleet of more than 1475 vehicles, including small cars, sedans, SUVs, luxury cars and buses. Of these, 217 vehicles are owned by the company, while the rest are leased from various providers.
Shree OSFM operates on an "asset-light" model. Typical operating parameters are a monthly rental, per kilometre, per passenger trip and package mode.
The company has branches in 42 locations in cities such as Mumbai, Navi Mumbai, Pune, Bengaluru and Kolkata. Shree OSFM E-Mobility's clients include JP Morgan, Morgan Stanley, Cape Gemini, Accenture etc.
The service portfolio of Shree OSFM E-Mobility includes:
- Travel Desk Management
- Roster management services
- Logistics for corporate events (MICE)
- Fleet management
The Company recorded total revenue of Rs. 8,261.01 lacs, Rs. 3,079.58 lacs and Rs. 2,978.51 lacs for the financial years 2023, 2022 and 2021 respectively.
Competitive strengths:-
- The company can leverage its current customer relationships to promote and sell other services or products.
- Going forward, the company will focus on strategic acquisitions and joint ventures to expand its product portfolio and enter new markets.