Business Standard

Shree OSFM E-Mobility Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

24.60 cr

Price Range (₹)

65

Lot Size

2000

Min Investment (₹)

1,30,000.00

Listing Exchange

NSE - SME

Open Date

14-Dec-2023

Close Date

18-Dec-2023

Listing Date

21-Dec-2023

Shree OSFM E-Mobility Ltd News

    The Shares of Shree OSFM E-Mobility Ltd have now been listed.

    Shree OSFM E-Mobility Ltd IPO Details

    Initial public offering of up to 37,84,000 equity shares of Rs. 10 each (Equity Shares) of Shree OSFM E-Mobility Limited (OSFM or the Company) for cash at a price of Rs. 65 per equity share (the Offer Price), aggregating to Rs. 24.60 crores (The Offer). Of the offer, 2,00,000 equity shares aggregating to R. 1.30 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 35,84,000 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 65.00 per equity share aggregating to Rs. 23.30 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 26.49% and 25.09%, respectively of the post offer paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the offer price of Rs. 65.00 is 6.50 times of the face value.

    Objective of issue

    Funding additional working capital requirements. Purchase of passanger vehicles. General corporate purposes.

    Shree OSFM E-Mobility Ltd Contact Details

    Shree OSFM E-Mobility Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@shreeosfm.com

    Website - www.shreeosfm.com