Incorporated in 2006, Shree OSFM E-Mobility Limited provides transportation services to employees of large multinational companies in major Indian cities. The company operates a fleet of more than 1475 vehicles, including small cars, sedans, SUVs, luxury cars and buses. Of these, 217 vehicles are owned by the company, while the rest are leased from various providers.
Shree OSFM operates on an “asset-light” model. Typical operating parameters are a monthly rental, per kilometre, per passenger trip and package mode.
The company has branches in 42 locations in cities such as Mumbai, Navi Mumbai, Pune, Bengaluru and Kolkata. Shree OSFM E-Mobility’s clients include JP Morgan, Morgan Stanley, Cape Gemini, Accenture etc.
The service portfolio of Shree OSFM E-Mobility includes:
The Company recorded total revenue of Rs. 8,261.01 lacs, Rs. 3,079.58 lacs and Rs. 2,978.51 lacs for the financial years 2023, 2022 and 2021 respectively.
Competitive strengths:-
Shree OSFM E-Mobility Limited’s revenue increased by 168.25% and profit after tax (PAT) rose by 89.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,019.67 | 4,203.97 | 2,588.41 | 2,909.86 |
| Revenue | 5,597.09 | 8,261.01 | 3,079.58 | 2,978.51 |
| Profit After Tax | 222.59 | 309.09 | 162.78 | 73.76 |
| Net Worth | 2,267.95 | 2,045.36 | 1,736.27 | 1,607.99 |
| Reserves and Surplus | 1,217.95 | 995.36 | 1,586.27 | 1,457.99 |
| Total Borrowing | ||||
| Amount in ₹ Lakhs | ||||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Shree OSFM E-Mobility IPO opens on December 14, 2023, and closes on December 18, 2023.
| IPO Open Date | Thursday, December 14, 2023 |
| IPO Close Date | Monday, December 18, 2023 |
| Basis of Allotment | Tuesday, December 19, 2023 |
| Initiation of Refunds | Wednesday, December 20, 2023 |
| Credit of Shares to Demat | Wednesday, December 20, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 18, 2023 |
As per our analysis and Based on the information we have, this is the output.
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