MOS Utility IPO will open for subscription from 31 March 2023. the company aims for an issue size of ₹49.97 Cr through this IPO.
About Company
Incorporated in 2009, MOS Utility is a technology-enabled provider of digital products and services in the B2C, B2B, and financial technology arena through an integrated business model. It provides business opportunities for shopkeepers, retailers, students, housewives, professionals, and insurance agents to start their own futuristic online e-commerce business with the intention to promote the government’s ‘Vocal for Local’ campaign.
The company organizes its business under seven primary business segments:
- Banking
- Travel
- Insurance
- Utility services
- Entertainment services
- Franchisee
- Other services
The company has a ‘phygital’ strategy that combines over 1,68,018 network partners which include agents, distributors, and master distributors for payment solutions, remittance, utility, travel, and insurance products, etc throughout India as of 30 September 2022, with a digital online platform for its offerings.
Basic details about the company
| Full name | MOS Utility Limited |
| Sector | Information Technology |
| Industry | Fintech |
| Company Website | https://www.mos-world.com/ |
The objective of the Issue
- To meet the working capital requirements.
- General corporate purposes and offer related expenses.
IPO Timetable
| IPO Opening date | 31 March 2023 |
| IPO Closing | 06 April 2023 |
| Basis of Allotment | 12 April 2023 |
| Initiation Refund | 13 April 2023 |
| Credit to Demat Account | 17 April 2023 |
| Listing Date | 18 April 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹49.97 Cr – 6,574,400 shares |
| Fresh Issue | 43.89 Cr – 57,74,400 shares |
| Offer for sale | 6.08 Cr – 800,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹72 to ₹76 per share |
| Lot size | 1600 Shares |
| Retail Allocation | 35% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹121,600 |
| Retail (Max) | 1 | 1600 | ₹121,600 |
| HNI (Min) | 2 | 3,200 | ₹243,200 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 88.19 | 67.66 | 77.34 | 53.30 |
| Expenses | 90.35 | 67.40 | 79.17 | 51.66 |
| Net income | 0.58 | 0.85 | 1.58 | 1.96 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.32 | 0.46 | 0.86 |
| PE ratio | – | – | 83.72 – 88.37 |
| RONW (%) | 9.61 | 12.33 | 18.66 |
| NAV | – | – | 4.63 |
| ROCE (%) | 14.11 | 6.29 | 12.91 |
| EBITDA (%) | 3.45 | 2.60 | 4.87 |
| Debt/Equity | 0.89 | 1.18 | 1.53 |
Company Promoters
- Chirag Shah
- Kurjibhai Rupareliya
- Sky Occean Infrastructure Limited
Promoter Holding
| Pre Issue Share Holding | 82.91% |
| Post Issue Share Holding |
Lead Manager(s)
- Unistone Capital Pvt Ltd
IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, First Floor, Okhla Industrial Area,
Phase-I, New Delhi 110 020, India
Phone: 011-40450193/197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Contact Details
MOS UTILITY LIMITED
12th Floor, Atul First Avenue,
Above Kia Motors Showroom,
Goregaon – Mulund Link Rd, Malad West, Mumbai- 400064
Phone: +91 84337 24642
E-mail: secretarial@mos-world.com
Website: www.mos-world.com
Allotment Status
MOS Utility IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
MOS Utility IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do 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
