MOS Utility IPO: GMP, Price, Dates and size

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MOS Utility Limited, established in 2009, operates as an integrated business model, providing digital products and services in the B2C, B2B, and financial technology fields. Its services cater to various demographics, including shopkeepers, retailers, students, housewives, professionals, and insurance agents. They offer business opportunities for individuals to start their own online e-commerce business, promoting the “Vocal for Local” campaign. 

MOS Utility Limited is composed of seven primary business segments, namely banking, travel, insurance, utility services, entertainment services, franchisee, and other services. The company has over 168,018 network partners, including agents, distributors, and master distributors throughout PAN India, for payment solutions, remittance, utility, travel, and insurance products. The company leverages its digital online platform to provide seamless integration of services, offering a convenient and accessible platform for customers. 

MOS Utility

MOS Utility IPO Details 

IPO Date Mar 31, 2023 to Apr 6, 2023 
Listing Date Apr 18, 2023
Face Value ₹10 per share 
Price ₹72 to ₹76 per share 
Lot Size 1600 Shares 
Total Issue Size 6,574,400 shares 
(aggregating up to ₹49.97 Cr) 
Fresh Issue 5,774,400 shares 
(aggregating up to ₹43.89 Cr) 
Offer for Sale 800,000 shares of ₹10 
(aggregating up to ₹6.08 Cr) 
Issue Type Book Built Issue IPO 
Listing At NSE SME 
Maiden Forgings IPO: GMP, Price, Dates and size

MOS Utility IPO Tentative Timetable 

IPO opens on Mar 31, 2023, and closes on Apr 6, 2023

Event Tentative Date 
Opening Date Mar 31, 2023 
Closing Date Apr 6, 2023 
Basis of Allotment Apr 12, 2023 
Initiation of Refunds Apr 13, 2023 
Credit of Shares to Demat Apr 17, 2023 
Listing Date Apr 18, 2023 
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day 

Industry Overview 

The company operates in the digital products and services industry, specifically in the B2C, B2B, and financial technology fields in India. The industry has seen significant growth in recent years due to increasing digitalization and the widespread adoption of online platforms for various services. 

According to a report by Statista, the digital payment market in India is projected to grow at a compound annual growth rate (CAGR) of 17.8% from 2021 to 2025. This growth is attributed to the increasing demand for digital payment services, especially after the government’s push towards a cashless economy. The insurance industry in India is also expected to grow at a CAGR of 12.7% from 2020 to 2025, according to a report by ResearchAndMarkets. 

Company Financials 

Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing 
31-Mar-20 2,513.42 9,156.51 128.59 602.42 583.23 538.08 
31-Mar-21 2,459.02 6,792.07 84.69 687.11 667.92 812.23 
31-Mar-22 3,513.48 8,096.01 157.67 844.78 825.60 1,296.32 
30-Sep-22 4,970.94 5,435.41 195.84 1,940.63 62.01 878.59 
Amount in ₹ Lakhs 

Objects of the Issue 

The company intends to utilize the proceeds of the issue for the following objectives: 

  1. To meet the working capital requirements. 
  1. General corporate purposes and offer related expenses. 

MOS Utility IPO Prospectus

Company Contact Information

MOS Utility Limited
12th Floor, Atul First Avenue, Above Kia Motors
Showroom, Goregaon – Mulund Link Rd,
Malad West, Mumbai- 400064
Phone: +91 84337 24642
Email: secretarial@mos-world.com
Websitehttps://www.mos-world.com/

MOS Utility IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Websitehttps://www.skylinerta.com/

MOS Utility IPO Lead Manager(s)

  1. Unistone Capital Pvt Ltd (Past IPO Performance)

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