Last updated on December 21, 2023
Shree OSFM E-Mobility IPO description – 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
Promoters of Shree OSFM E-Mobility – Ramnath Chandar Patil, and Nitin Bhagirath Shanbhag
Table of Contents
Shree OSFM E-Mobility IPO Details
| Shree OSFM E-Mobility IPO Dates | 14 – 18 December 2023 |
| Shree OSFM E-Mobility Issue Price | INR 65 per share |
| Fresh issue | 3,784,000 shares (INR 24.60 crore) |
| Offer For Sale | Nil |
| Total IPO size | 3,784,000 shares (INR 24.60 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 130,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Shree OSFM E-Mobility Financial Performance
| Â | 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 Offer News
- Shree OSFM E-Mobility RHP
- Shree OSFM E-Mobility Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
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 |
Shree OSFM E-Mobility IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 16 December 2023 | 3 | – | 5,000 |
| 15 December 2023 | 3 | – | 5,000 |
| 14 December 2023 | 5 | – | 7,000 |
| 13 December 2023 | 10 | – | 15,000 |
| 12 December 2023 | 10 | – | 15,000 |
| 11 December 2023 | 10 | – | 15,000 |
Shree OSFM E-Mobility IPO Subscription – Live Updates
| Category | NII | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,992,000 | 1,792,000 | 3,784,000 |
| 18 Dec 2023 | 5.42 | 9.30 | 7.69 |
| 15 Dec 2023 | 1.27 | 3.81 | 2.88 |
| 14 Dec 2023 | 0.71 | 1.64 | 1.56 |
Shree OSFM E-Mobility IPO Allotment Status
Shree OSFM E-Mobility IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Shree OSFM E-Mobility IPO Dates & Listing Performance
| IPO Opening Date | 14 December 2023 |
| IPO Closing Date | 18 December 2023 |
| Finalization of Basis of Allotment | 20 December 2023 |
| Initiation of refunds | 20 December 2023 |
| Transfer of shares to demat accounts | 20 December 2023 |
| IPO Listing Date | 21 December 2023 |
| Opening Price on NSE SME | INR 65 per share (no change) |
| Closing Price on NSE SME | INR 68.25 per share (up 5.0%) |
Shree OSFM E-Mobility Offer Lead Manager
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email:Â [email protected]
Website:Â www.focl.in
Shree OSFM E-Mobility Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Shree OSFM E-Mobility IPO 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: [email protected]
Website: www.shreeosfm.com
IPO FAQs
What is the Shree OSFM E-Mobility offer size?
Shree OSFM E-Mobility offer size is INR 24.60 crores.
What is the Shree OSFM E-Mobility offer price band?
Shree OSFM E-Mobility public offer price is INR 65 per share.
What is the lot size of the Shree OSFM E-Mobility IPO?
Shree OSFM E-Mobility offer lot size is 2,000 shares.
What is Shree OSFM E-Mobility IPO GMP today?
Shree OSFM E-Mobility IPO GMP today is INR 3 per share.
What is the Shree OSFM E-Mobility kostak rate today?
Shree OSFM E-Mobility kostak rate today is INR NA per application.
What is Shree OSFM E-Mobility Subject to Sauda rate today?
Shree OSFM E-Mobility Subject to Sauda rate today is INR 5,000 per application.
