Shree OSFM E-Mobility IPO

Shree OSFM E-Mobility Limited

₹1,30,000 /2000 sharesMinimum Investment

Shree OSFM E-Mobility IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹65.00₹65.00₹0.00 (0.00%)

Shree OSFM E-Mobility IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
14 Dec ‘23 - 18 Dec ‘23₹1,30,0002,000₹65 - ₹65
Issue SizeIPO Doc
24.60Cr
RHP PDF

About Shree OSFM E-Mobility

Shree OSFM E-Mobility delivers employee transportation services to prominent multinational corporations (MNCs) across major Indian cities. Shree OSFM E-Mobility provides essential services to its clients, with a streamlined focus on vehicle hire charges as the primary revenue segment. The company's offerings include travel desk management, roster management services, logistics for corporate events (MICE), and Fleet Management. With over 16 years of experience, the company focuses on meeting the transportation needs of companies in IT/ITES, Aviation, and other sectors. The company engages through monthly leases, per-kilometer, per-passenger trips, and package arrangements. Currently, the company operates in 42 sites spanning Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. The company’s notable clients include major BPM players like JP Morgan, Morgan Stanley, Capgemini, and Accenture, among others.;
Parent Organisation
Shree OSFM E-Mobility Limited
Founded
2006
Managing Director
Mr. Ramnath Chandar Patil

Strengths & Risks

  • With a history spanning over two decades, Shree OSFM E-Mobility leverages its extensive experience and client relationships to secure repeat business. These relationships also facilitate cross-selling of additional products and services.
  • Shree OSFM E-Mobility has client partnerships within diverse industries, including IT/ITES, Aviation, BFSI, and others.
  • The knowledge and experience of the promoter and management are considered valuable assets, enabling the identification of new opportunities, rapid response to market conditions, adaptation to changes in the business landscape, and enhanced business growth.
  • The company manages an extensive fleet of 1475+ vehicles, encompassing a variety of types such as small cars, sedans, SUVs, luxury cars, and buses. Of these, 217 vehicles are company-owned, while the remainder is sourced through leasing arrangements with multiple vendors.
  • Shree OSFM E-Mobility faces potential challenges in maintaining, attracting, and retaining arrangements with drivers and vendors, which could lead to disruptions or delays in service provision, impacting operational results.
  • The company, Shree OSFM E-Mobility, faces legal proceedings that pose potential risks to its business, financial standing, and operational outcomes. These outstanding legal matters may have adverse effects on the company's overall performance.
  • A significant portion of the net proceeds is intended to be allocated to the acquisition of vehicles.
  • As of September 30, 2023, the company holds a contingent liability of Rs. 16.15 lakhs without provision, posing a financial risk.
  • A significant portion of revenue, ranging from 64.04% to 77.40% in recent years, is derived from the top five customers. Dependence on service agreements with these customers makes the company vulnerable to financial impact if any significant customer is lost, fails to renew agreements, or delays payments.
  • The company has experienced negative cash flow from operating activities in recent years and faces contingent liabilities and commitments that could impact its financial position. Additionally, financing agreements impose covenants restricting operational flexibility, and failure to meet obligations may adversely affect business results and financial condition.
  • Shree OSFM E-Mobility has not paid dividends in the past, and the ability to do so in the future depends on factors such as earnings, financial condition, cash flows, working capital requirements, capital expenditures, and restrictions outlined in financing arrangements.
  • The company's financing agreements have clauses that restrict flexibility in conducting business. Failing to meet obligations, including financial and other terms in debt financing arrangements, may have adverse effects on its business, operational results, and financial condition.
  • The business is dependent on obtaining and renewing necessary registrations, licenses, and permits from government and regulatory authorities. Delays or failures in securing these approvals in a timely manner may negatively impact business operations.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular65 - 65₹2 Lakh
High Networth Individual65 - 65₹2 - 5 Lakh
For Shree OSFM E-Mobility IPO, eligible investors can apply as Regular.
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