Business Standard

MOS Utility Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

49.97 cr

Price Range (₹)

76

Lot Size

1600

Min Investment (₹)

1,21,600.00

Listing Exchange

NSE - SME

Open Date

31-Mar-2023

Close Date

06-Apr-2023

Listing Date

18-Apr-2023

MOS Utility Ltd News

    The Shares of MOS Utility Ltd have now been listed.

    MOS Utility Ltd IPO Details

    Initial public offer of 65,74,400* equity shares of face value of Rs. 10 each (Equity Shares) of Mos Utility Limited (Company) for cash at a price of Rs. 76 per equity share (including a share premium of Rs. 66 per equity share) (Offer Price) aggregating to Rs. 49.97 crores comprising a fresh issue of 57,74,400 equity shares aggregating to Rs. 43.89 crores by the company (Fresh Issue) and an offer for sale of 8,00,000 equity shares aggregating to Rs. 6.08 crores by the promoter selling shareholder, (the Ofered Shares) (the Offer for Sale and together with the fresh issue, the Offer) of which 3,29,600 equity shares aggregating to Rs. 2.51 crores were reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer, less market maker reservation, i.e. net offer 62,44,800 equity shares of face value of Rs. 10 each at price of Rs. 76 per equity share aggregating to Rs. 47.46 crores is herein after referred to as the Net Offer. The offer and the net offer constitutes 26.37% and 25.04% respectively of the fully-diluted post-offer paid-up equity share capital of the company. *Subject to finalization of the basis of allotment. Bids can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

    Objective of issue

    To meet the working capital requirements. General corporate purposes.

    MOS Utility Ltd Contact Details

    MOS Utility Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - secretarial@mos-world.com

    Website - www.mos-world.com