MOS Utility IPO

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 nameMOS Utility Limited
SectorInformation Technology
Company Website

The objective of the Issue

  • To meet the working capital requirements.
  • General corporate purposes and offer related expenses.

IPO Timetable

IPO Opening date31 March 2023
IPO Closing06 April 2023
Basis of Allotment12 April 2023
Initiation Refund13 April 2023
Credit to Demat Account17 April 2023
Listing Date18 April 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹49.97 Cr – 6,574,400 shares
Fresh Issue43.89 Cr – 57,74,400 shares
Offer for sale6.08 Cr – 800,000 shares
Face value₹10 per share
Price Band₹72 to ₹76 per share
Lot size1600 Shares
Retail Allocation35%
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11600₹121,600
Retail (Max)11600₹121,600
HNI (Min)23,200₹243,200

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income0.580.851.581.96
(Amount in ₹ Crors)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio83.72 – 88.37
RONW (%)9.6112.3318.66
ROCE (%)14.116.2912.91
EBITDA (%)3.452.604.87

Company Promoters

  • Chirag Shah
  • Kurjibhai Rupareliya
  • Sky Occean Infrastructure Limited

Promoter Holding

Pre Issue Share Holding82.91%
Post Issue Share Holding

Lead Manager(s)

  • Unistone Capital Pvt Ltd

IPO Registrar

D-153A, First Floor, Okhla Industrial Area,
Phase-I, New Delhi 110 020, India
Phone: 011-40450193/197

Contact Details

12th Floor, Atul First Avenue,
Above Kia Motors Showroom,
Goregaon – Mulund Link Rd, Malad West, Mumbai- 400064
Phone: +91 84337 24642

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

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