Established in 2009, MOS Utility Limited operates as a versatile digital products and services provider in the B2C, B2B, and financial technology domains, employing an integrated business model.
The company offers a diverse range of business opportunities to various segments, including shopkeepers, retailers, students, housewives, professionals, and insurance agents, empowering them to launch their own online e-commerce businesses and actively promote the government’s “Vocal for Local” campaign.
MOS Utility excels in seven primary business segments, covering banking, travel, insurance, utility services, entertainment services, franchisee operations, and other services.
With a wide-reaching digital online platform, the company has successfully brought together a vast network of over 1,68,018 partners, including agents, distributors, and master distributors, to facilitate payment solutions, remittance services, utility products, travel offerings, insurance solutions, and more throughout PAN India.
MOS Utility Limited’s integrated approach and extensive partner network have solidified its position as a dynamic player in the digital services landscape, catering to the diverse needs of consumers and businesses alike.
Stock Quote #
- Open: ₹89.00
- High – Low: ₹89.90 – ₹89.00
- Previous Close: ₹89.00
- Total Traded Value: 14,400
- Updated On: Jul 21, 2023 4:00 PM
IPO Details #
| IPO Date | Mar 31, 2023 to Apr 6, 2023 |
| Listing Date | Apr 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹72 to ₹76 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,574,400 shares (aggregating up to ₹49.97 Cr) |
| Fresh Issue | 5,774,400 shares (aggregating up to ₹43.89 Cr) |
| Offer for Sale | 800,000 shares of ₹10 (aggregating up to ₹6.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 329,600 shares Rikhav Securities |
IPO Reservation #
| Anchor Investor Shares Offered | 1,598,400 (24.31%) |
| Market Maker Shares Offered | 329,600 (5.01%) |
| QIB Shares Offered | 1,523,200 (23.17%) |
| NII (HNI) Shares Offered | 937,600 (14.26%) |
| Retail Shares Offered | 2,185,600 (33.24%) |
| Total Shares Offered | 6,574,400 (100%) |
IPO Anchor Investors Details #
MOS Utility IPO Anchor Investors list
| Bid Date | Mar 29, 2023 |
| Shares Offered | 1,598,400 |
| Anchor Portion Size (In Cr.) | 12.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 26, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Aug 22, 2023 |
IPO Timetable (Tentative) #
MOS Utility IPO opens on Mar 31, 2023, and closes on Apr 6, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 31 March 2023 |
| Closing Date | Thursday, 6 April 2023 |
| Basis of Allotment | Wednesday, 12 April 2023 |
| Initiation of Refunds | Thursday, 13 April 2023 |
| Credit of Shares to Demat | Monday, 17 April 2023 |
| Listing Date | Tuesday, 18 April 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Apr 6, 2023 |
IPO Lot Size #
The MOS Utility IPO lot size is 1600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹121,600 |
| Retail (Max) | 1 | 1600 | ₹121,600 |
| HNI (Min) | 2 | 3,200 | ₹243,200 |
| Lot Size Calculator | |||
IPO Promoter Holding #
Chirag Shah, Kurjibhai Rupareliya and Sky Occean Infrastructure Limited are the company promoters.
| Pre Issue Share Holding | 82.91% |
| Post Issue Share Holding |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,513.42 | 9,156.51 | 128.59 | 602.42 | 583.23 | 538.08 |
| 31-Mar-21 | 2,459.02 | 6,792.07 | 84.69 | 687.11 | 667.92 | 812.23 |
| 31-Mar-22 | 3,513.48 | 8,096.01 | 157.67 | 844.78 | 825.60 | 1,296.32 |
| 30-Sep-22 | 4,970.94 | 5,435.41 | 195.84 | 1,940.63 | 62.01 | 878.59 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 48.41 |
| Market Cap (₹ Cr.) | 189.51 |
| ROE | 14.06% |
| ROCE | 11.26% |
| Debt/Equity | 0.45 |
The company intends to utilize the proceeds of the issue for the following objectives:
- To meet the working capital requirements.
- General corporate purposes and offer related expenses.
Subscription Status (Bidding Detail) #
The MOS Utility IPO is subscribed 21.14 times on Apr 6, 2023 7:30:00 PM. The public issue subscribed 11.98 times in the retail category, 11.67 times in the QIB category, and 57.90 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 11.67 |
| NII | 57.90 |
| Retail | 11.98 |
| Total | 21.14 |
Total Application : 16,366 (16.11 times)
IPO Prospectus #
- MOS Utility IPO DRHP
- MOS Utility IPO RHP
- Anchor Investors in MOS Utility IPO
IPO Listing Details #
| Listing Date | Apr 18, 2023 |
| BSE Script Code | |
| NSE Symbol | MOS |
| ISIN | INE0N7S01010 |
| Final Issue Price | ₹76 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹76.00 |
| ₹90.00 |
| ₹90.00 |
| ₹94.50 |
| ₹94.50 |
Company Contact Information
12th Floor, Atul First Avenue, Above Kia Motors
Showroom, Goregaon – Mulund Link Rd,
Malad West, Mumbai- 400064
Phone: +91 84337 24642
Email: secretarial@mos-world.com
Website: https://www.mos-world.com/
IPO Registrar #
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IPO Lead Manager(s) #
Frequently Asked Questions #
What is the IPO date for MOS Utility Limited? #
The MOS Utility IPO opened on March 31, 2023, and closed on April 6, 2023.
When is the listing date for MOS Utility IPO? #
The shares of MOS Utility Limited are expected to be listed on the NSE SME platform on April 18, 2023.
What is the issue price and face value of MOS Utility IPO shares? #
The issue price of MOS Utility IPO shares is set at ₹72 to ₹76 per share, and the face value is ₹10 per share.
What is the lot size for MOS Utility IPO? #
The lot size for MOS Utility IPO is 1600 shares.
What is the total issue size and the allocation of shares in the MOS Utility IPO? #
The total issue size of the MOS Utility IPO is 6,574,400 equity shares, aggregating up to ₹49.97 Crores. The allocation of shares includes anchor investor shares (24.31%), market maker shares (5.01%), QIB shares (23.17%), NII (HNI) shares (14.26%), and retail shares (33.24%).
What is the MOS Utility IPO subscription status? #
As of the closing date on April 6, 2023, the MOS Utility IPO was oversubscribed, with Qualified Institutional Buyers (QIB) subscribing 11.67 times, Non-Institutional Investors (NII) subscribing 57.90 times, and Retail Individual Investors (RII) subscribing 11.98 times.
Who are the promoters of MOS Utility Limited? #
The promoters of MOS Utility Limited are Chirag Shah, Kurjibhai Rupareliya, and Sky Occean Infrastructure Limited.
What are the primary business segments of MOS Utility Limited? #
MOS Utility Limited operates in seven primary business segments, including banking, travel, insurance, utility services, entertainment services, franchisee, and other services.
What is the MOS Utility IPO timetable? #
The MOS Utility IPO commenced on March 31, 2023, and concluded on April 6, 2023. The basis of allotment is anticipated to be determined by April 12, 2023, and the shares are anticipated to be credited to investors’ demat accounts on April 17, 2023. The listing date is set for April 18, 2023.
What is the MOS Utility IPO review and recommendation? #
As of March 27, 2023, the MOS Utility IPO review suggests that the issue is fully priced, and well-informed/risk-seeking investors may consider participating. However, it’s essential for investors to do their own analysis and read expert opinions before making investment decisions.
Please note that the information provided above is based on the available data , and it’s advisable to conduct further research and consult with financial experts before making any investment decisions.
