Select Page

MOS Utility IPO GMP, Price, Dates & Allotment Details 2023

MOS Utility IPO GMP, Price, Dates & Allotment Details 2023

The MOS Utility IPO opens on March 31 and closes on April 6, 2023. According to the DRHP filed in SEBI, the company is planning to issue 6,574,400 shares through this public issue.

Company originally incorporated in 2009. MOS Utility Limited is a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena through an integrated business model via online portal. Company provides business opportunities for shopkeepers, retailers, students, housewives, professionals, insurance agents to start their own futuristic online e-commerce business with an intention to promote the government’s “Vocal for Local” campaign. 

Mos Utility Limited organise its business under seven primary business segments, 

  1. banking, 
  2. travel, 
  3. insurance, 
  4. utility services, 
  5. entertainment services, 
  6. franchisee and 
  7. other services

Through its strategy, the company combines over 1,68,018 network partners which includes agents, distributors and master distributors for payment solutions, remittance, utility, travel and insurance products etc throughout PAN India with a digital online platform for its offerings.

Objects of the Issue

The company proposes to utilise the net proceeds of the Fresh Issue towards funding the following objects:

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

Financial Highlights (Restated Consolidated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth1,941845687602
Total Assets4,9713,5132,4592,513
Total Borrowings8791,296812538
Total Revenue5,4358,0966,7929,157
Profit After Tax19615885129
(Amount in ₹ Lakhs)

MOS Utility IPO – Details

As per the DRHP filed with SEBI, a total of 5,774,400 shares will be offered as part of the fresh issue on the SME SME segment. The face value of the shares is ₹ 10. The market maker would receive 329,600 shares of the offering. While Unistone Capital Pvt Ltd will be the lead manager for the IPO, Skyline Financial Services Private Ltd will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered through the building of the book.

Issue TypeBook Built Issue IPO
IPO Price₹ 72 to ₹ 76 per share
Face Value₹ 10 per share
Market Lot1600 Shares
Issue Size6,574,400 shares of ₹ 10 each (Aggregating up to ₹ 49.97 Crore)
Fresh Issue5,774,400 shares of ₹ 10 each  (Aggregating up to ₹ [.] Crore)
Offer for Sale800,000 shares of ₹ 10 each  (Aggregating up to ₹ [.] Crore)
QIB Shares OfferredNot more than 50% of the net offer
NII (HNI) Shares OfferedNot less than 15% of the offer
Retail Shares OfferedNot less than 35% of the offer
Market MakerRikhav Securities Ltd.
Market maker portion329,600 shares
Listing AtNSE SME
Company PromotersChirag Shah, Kurjibhai Rupareliya and
Sky Occean Infrastructure Limited.

GMP – MOS Utility IPO

MOS Utility’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – MOS Utility IPO

The issue opens for subscription on March 31, 2023, and closes for subscription on April 6, 2023 (both days inclusive). The basis of allotment will be finalised on April 12th, 2023, and the refunds will be initiated on April 13, 2023. In addition, the demat credits are expected to happen on April 17, 2023, and the stock will list on April 18, 2023, on the NSE SME. 

Opening DateMarch 31, 2023
Closing DateApril 6, 2023
Basis of AllotmentApril 12, 2023
Initiation of RefundsApril 13, 2023
Credit of shares to Demat A/cApril 17, 2023
Listing DateApril 18, 2023

Lot Size

The lot size of the MOS Utility IPO is 1,600 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,600 shares of  ₹ 121,600.

Retail (Minimum)11,600₹ 121,600
Retail (Maximum)11,600₹ 121,600
HNI (Minimum)23,200₹ 243,200

Promoters Holdings – MOS Utility IPO

Pre-issue Shares Holdings82.91%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationMOS Utility Limited
12th Floor, Atul First Avenue, Above Kia Motors Showroom,
Goregaon – Mulund Link Rd, Malad West, Mumbai- 400064
Phone: +91 84337 24642
Email: [email protected]
IPO RegistrarSkyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
IPO Lead Manager(s)Unistone Capital Pvt Ltd 


The finalisation of the basis of allotment for the MOS Utility Ltd. IPO will be done on April 12, 2023, and the allotted shares will be credited to your demat account by April 17, 2023. Check the MOS Utility Ltd. IPO allotment status.

The MOS Utility Ltd. IPO shares listing date is April 18, 2023.

The investors’ portion for QIB - 50% of the net offer, NII (HNI) – 15% of offer, and Retail – 35% of the offer.

Click here for more FAQs.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23


Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23