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 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 |
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:
- To meet the working capital requirements.
- 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
Website: https://www.mos-world.com/
MOS Utility IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
MOS Utility IPO Lead Manager(s)
- Unistone Capital Pvt Ltd (Past IPO Performance)
