| IPO date | 14 Dec 2023 – 18 Dec 2023 |
| Listing date | 21 Dec 2023 |
| Price range | 65 – 65 |
| Minimum order quantity | 2000 | (D)RHP | View |
Shree OSFM E-Mobility Limited is launching its IPO. The offer opens for subscription on 14th December 2023 and will close on 18th December 2023.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.
What does Shree OSFM E-Mobility Limited do?
India’s Fleet Management Industry, which is a component of the larger logistics sector is classified into two verticals – Freight Transportation and Passenger/Employee Transportation. In the logistics space, employee transportation is becoming an increasingly important component that supports many businesses in large cities, while freight transportation has become more standardized and well-known in India’s growing economy. With services like on-call taxi and holiday rental services, this industry mostly consists of small cars, sedans, luxury cars, and buses. This industry, which employs about 7 million people, is sometimes referred to as “people logistics” and is the third-highest expense for businesses, with an approximate yearly value of US $2 billion.
Shree OSFM E-Mobility Limited specializes in providing employee transportation services to prominent multinational corporations (MNCs) across key cities in India for over 16 years, particularly catering to the transportation needs of companies in IT/ITES, Aviation, and other sectors. Employing an “asset light” engagement model, their operations primarily function on monthly leases, per kilometer, per passenger trip, and packaged service models. With a robust fleet exceeding 1475 vehicles, comprising Small cars, Sedans, SUVs, Luxury Cars, and Buses, 217 of which are owned while the remainder are leased from diverse vendors, Shree OSFM E-Mobility Limited efficiently serves 42 sites spanning Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. Their esteemed clientele includes major BPM players like JP Morgan, Morgan Stanley, Cape Gemini, and Accenture. Their comprehensive range of products and services, which encompasses of Travel Desk Management, Roster Management Services, Logistics for Corporate Events (MICE), and Fleet Management, contributes to revenue as Vehicle Hire Charges within a single segment for financial disclosures.
Their products/services include:
- Travel Desk Management
- Roster Management Services
- Logistics for Corporate Events (MICE)
- Fleet Management
Schedule of Shree OSFM E-Mobility Limited IPO
| Issue Period | 14th December to 18th December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 19, 2023 |
| Initiation of Refunds | December 20, 2023 |
| Credit of Shares | December 20, 2023 |
| Date of Listing | December 21, 2023 |
| Mandate end date | January 02, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 18, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 18, 2024 |
How to apply to the Shree OSFM E-Mobility Limited IPO?
You can apply for the Shree OSFM E-Mobility Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Shree OSFM E-Mobility Limited IPO?
You can check the allotment status for the Shree OSFM E-Mobility Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.