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,
- banking,
- travel,
- insurance,
- utility services,
- entertainment services,
- franchisee and
- 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)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1,941 | 845 | 687 | 602 |
| Total Assets | 4,971 | 3,513 | 2,459 | 2,513 |
| Total Borrowings | 879 | 1,296 | 812 | 538 |
| Total Revenue | 5,435 | 8,096 | 6,792 | 9,157 |
| Profit After Tax | 196 | 158 | 85 | 129 |
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 Type | Book Built Issue IPO |
| IPO Price | ₹ 72 to ₹ 76 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1600 Shares |
| Issue Size | 6,574,400 shares of ₹ 10 each (Aggregating up to ₹ 49.97 Crore) |
| Fresh Issue | 5,774,400 shares of ₹ 10 each (Aggregating up to ₹ [.] Crore) |
| Offer for Sale | 800,000 shares of ₹ 10 each (Aggregating up to ₹ [.] Crore) |
| QIB Shares Offerred | Not more than 50% of the net offer |
| NII (HNI) Shares Offered | Not less than 15% of the offer |
| Retail Shares Offered | Not less than 35% of the offer |
| Market Maker | Rikhav Securities Ltd. |
| Market maker portion | 329,600 shares |
| Listing At | NSE SME |
| Company Promoters | Chirag 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 Date | March 31, 2023 |
| Closing Date | April 6, 2023 |
| Basis of Allotment | April 12, 2023 |
| Initiation of Refunds | April 13, 2023 |
| Credit of shares to Demat A/c | April 17, 2023 |
| Listing Date | April 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹ 121,600 |
| Retail (Maximum) | 1 | 1,600 | ₹ 121,600 |
| HNI (Minimum) | 2 | 3,200 | ₹ 243,200 |
Promoters Holdings – MOS Utility IPO
| Pre-issue Shares Holdings | 82.91% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | MOS 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] Website: https://www.mos-world.com/ |
| IPO Registrar | Skyline Financial Services Private Ltd Phone: 02228511022 Email: [email protected] Website: https://www.skylinerta.com/ |
| IPO Lead Manager(s) | Unistone Capital Pvt Ltd |
FAQ’s
When will MOS Utility Ltd. IPO allotment available?
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.
When will MOS Utility Ltd. IPO list on exchanges?
The MOS Utility Ltd. IPO shares listing date is April 18, 2023.
How many shares in MOS Utility Ltd. IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for QIB - 50% of the net offer, NII (HNI) – 15% of offer, and Retail – 35% of the offer.
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