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Shree OSFM E-Mobility IPO
Shree OSFM E-Mobility Limited
₹1,30,000 /2000 sharesMinimum Investment
Shree OSFM E-Mobility IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 14 Dec ‘23 - 18 Dec ‘23 | ₹1,30,000 | 2,000 | ₹65 - ₹65 |
| Issue Size | IPO Doc |
|---|---|
| 24.60Cr | RHP PDF |
About Shree OSFM E-Mobility
Founded in
2006
Managing director
Mr. Ramnath Chandar Patil
Parent organisation
Shree OSFM E-Mobility Limited
Strengths & Financials of Shree OSFM E-Mobility
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.
Shree OSFM E-Mobility Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Shree OSFM E-Mobility IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹65 - 65 | ₹2 - 5 Lakh |
| High Networth Individual | ₹65 - 65 | ₹2 - 5 Lakh |
For Shree OSFM E-Mobility IPO, eligible investors can apply as Regular.