Shree OSFM E-Mobility Limited

Shree OSFM E-Mobility Limited

listed
₹1.30LMin. investment
  1. Bid start
    14 Dec
  2. Bid end
    18 Dec
  3. Allotment
    16 Dec
  4. Release of funds
    20 Dec
  5. Demat transfer
    19 Dec
  6. Listing
    21 Dec

Shree OSFM E-Mobility Limited IPO Details

Price range₹65.00 – ₹65.00
IPO type
SME
Lot size2000 shares
Issue size₹24.6Cr

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About  Shree OSFM E-Mobility Limited

Incorporated in 2006, Shree OSFM E-Mobility Limited Company is engaged in providing employee transportation services to large MNCs with a presence across major cities in India. They have over 16+ years of experience in catering to the employee transportation needs of companies in IT/ITES, Aviation and other sectors. They operate a largely “asset light” engagement model. Typical operating parameters are on monthly lease, per kilometre, per passenger trip and package model. Presently, they operate with a 1475+ fleet with a variety of vehicles such as Small cars, Sedans, SUVs, Luxury Cars and Buses of which 217 vehicles are owned by us and rest is leased by us from various vendors. The Company currently has operations in 42 sites spread across Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. Their clients include major BPM players such as JP Morgan, Morgan Stanley,Capgemini, Accenture etc.

Their  products / services include Following are the products offering by the Company to their  customers but revenue from all these services are accounted as Vehicle Hire Charges in their accounts and accordingly there is single segment for revenue disclosures:

Travel Desk Management

 Roster Management Services

 Logistics for Corporate Events (MICE)

 Fleet Management

The Company  has more than two-decade long experience and client relationships help to get repeat business from their customers. Further they have been mutually value creating, stable and long-term association with their customers through products offered by them. This has helped to maintain a long-term relationship with their customers and improve their customer retention strategy.

Shree OSFM E-Mobility Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives.

Funding additional Working capital requirements;

Purchase of Passenger Vehicles;

General Corporate Purposes

Here are key details about the Shree OSFM E-Mobility Limited IPO:
Company NameShree OSFM E-Mobility Limited Limited Shree OSFM E-Mobility Limited IPO Opening DateDecember 14, 2023
Company Incorporated  On2011Shree OSFM E-Mobility Limited IPO Price band₹65 per share

Frequently asked questions

How to invest in the Shree OSFM E-Mobility Limited ?

Investors can apply for the Shree OSFM E-Mobility Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of Shree OSFM E-Mobility Limited ?

The issue size of the Shree OSFM E-Mobility Limited is 24.6 Cr.

What is 'pre-apply' for Shree OSFM E-Mobility Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Shree OSFM E-Mobility Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.