Shree OSFM E-Mobility IPO will open for subscription from 14 December 2023. The company aims for an issue size of ₹24.60 Cr through this IPO.
Company Overview
| Full name | Shree OSFM E-Mobility Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://shreeosfm.com/ |
About Company
Shree OSFM E-Mobility specializes in delivering employee transportation solutions to prominent multinational corporations spanning various cities in India. With a rich history of 16+ years, the company has honed its expertise in addressing the transportation requirements of firms in IT/ITES, Aviation, and other industries. Shree OSFM E-Mobility adopts a predominantly ‘asset-light’ business model, with common operational parameters encompassing monthly leasing, per-kilometer charges, per-passenger trip rates, and comprehensive package offerings.
At present, the company manages a fleet exceeding 1475 vehicles, comprising a diverse range including Small Cars, Sedans, SUVs, Luxury Cars, and Buses. Of these, 217 vehicles are company-owned, while the remainder are acquired through leasing arrangements with multiple vendors. Shree OSFM E-Mobility presently operates in 42 locations spanning Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. The company’s clientele consists of prominent BPM (Business Process Management) entities, including JP Morgan, Morgan Stanley, Cape Gemini, Accenture, and others.
The company provides various products to its customers, and despite the diverse range, the revenue generated from these services is consolidated under ‘Vehicle Hire Charges’ in the accounts. Consequently, the revenue disclosures are presented as a single segment:
- Travel Desk Management
- Roster Management Services
- Logistics for Corporate Events (MICE)
- Fleet Management
The Objectives of the Issue
- Funding additional Working capital requirements
- Purchase of Passenger Vehicles
- General Corporate Purposes
Shree OSFM E-Mobility IPO Timetable
| IPO Opening date | 14 December 2023 |
| IPO Closing | 18 December 2023 |
| Basis of Allotment | 19 December 2023 |
| Initiation Refund | 20 December 2023 |
| Credit to Demat Account | 20 December 2023 |
| Listing Date | 21 December 2023 |
Shree OSFM E-Mobility IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹24.60 Cr – 3,784,000 shares |
| Fresh Issue | ₹24.60 Cr – 3,784,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹65 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 200,000 shares |
| Shareholding pre-issue | 10,500,000 |
| Shareholding post-issue | 14,284,000 |
| Listing Exchange | NSE SME |
Shree OSFM E-Mobility IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
Shree OSFM E-Mobility IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 200,000 (5.29%) |
| Other Shares Offered | 1,792,000 (47.36%) |
| Retail Shares Offered | 1,792,000 (47.36%) |
| Total Shares Offered | 3,784,000 (100%) |
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 Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.70 | 1.55 | 2.94 |
| PE ratio | – | – | 22.11 |
| RONW (%) | 4.59 | 9.38 | 15.11 |
| ROCE (%) | 3.00 | 6.00 | 21.00 |
| NAV | 107.20 | 115.75 | 19.48 |
| EBITDA (%) | 10.25 | 11.72 | 9.97 |
| Debt/Equity | 0.33 | 0.16 | 0.45 |
Company Promoters
- Mr. Ramnath Chandar Patil
- Mr. Nitin Bhagirath Shanbhag
Promoter Holding
| Pre Issue Share Holding | 76.02% |
| Post Issue Share Holding | 55.88% |
Shree OSFM E-Mobility IPO Lead Manager(s)
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email: mb@focl.in
Website: www.focl.in
Shree OSFM E-Mobility Registrar
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Shree OSFM E-Mobility Contact Details
SHREE OSFM E-MOBILITY LIMITED
104, Green Park, Plot No. 2 & 3, Sector 3,
Opp. Ghansoli Rly Station, Ghansoli,
New Mumbai – 400701, Maharashtra
Phone: +91 22 27544431
E-mail: cs@shreeosfm.com
Website: www.shreeosfm.com
Shree OSFM E-Mobility IPO Allotment Status
Shree OSFM E-Mobility IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Shree OSFM E-Mobility IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
