Issue Price
₹65
Per Share
GMP
NIL
Grey Market
Est. Listing
₹65
Expected Price
Min. Application
₹260,000
2 lots × 2000 shares
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 ManagementRoster management servicesLogistics for corporate events (MICE)Fleet managementThe 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.
Shree OSFM E-Mobility Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 200,000 | — | ₹1.30 Cr | — |
| TOTAL | 3,784,000 | 100.00% | ₹24.60 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹130,000 |
| Retail (Max) | 13 | 26,000 | ₹1,690,000 |
| sNII (Min) | 14 | 28,000 | ₹1,820,000 |
| bNII (Min) | 68 | 136,000 | ₹8,840,000 |
| Particulars | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 5597.09 | 8261.01 | 3079.58 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 222.59 | 309.09 | 162.78 |
| Net Worth | 2267.95 | 2045.36 | 1736.27 |
| Total Assets | 5019.67 | 4203.97 | 2588.41 |
| Reserves & Surplus | 1217.95 | 995.36 | 1586.27 |
| Total Borrowings | N/A | N/A | N/A |