Shree OSFM E-Mobility IPO: Date, Price Band & More

Shree OSFM E-Mobility IPO opened for subscription on December 14, 2023. It plans to close its offering on December 18, 2023. The firm is aiming to raise over Rs 24.60 crore from the public offer.

Price Band & Total Issue

The announced price band for the IPO stands at Rs 65 per share. It exclusively comprises a fresh issue of 37.84 lakh shares.

Reserved Portion Details

Approximately 50 percent of the net offer has been allocated to retail investors, necessitating a minimum investment of Rs 130,000 with a minimum lot size of 2000 shares. High net worth individuals (HNIs) are anticipated to invest a minimum of 2 lots, totaling 4,000 shares, amounting to Rs 2,60,000.

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Book Running Lead Manager

First Overseas Capital Limited serves as the book running lead manager for the Shree OSFM E-Mobility IPO. The registrar for this IPO is Bigshare Services Pvt Ltd. Bhh Securities is the market maker for the IPO.

Company Details

Established in 2006, Shree OSFM E-Mobility Limited, previously known as Om Sai Fleet Management (India) Private Limited, specializes in providing employee transportation services to prominent multinational corporations (MNCs), operating across major cities in India.

Shree OSFM E-Mobility Limited Earnings

Between the financial years ending on March 31, 2023, and March 31, 2022, Shree OSFM E-Mobility Limited posted a 168.25 percent increase in revenue and an 89.88 percent rise in profit after tax (PAT).

_{Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.}