About Company
MOS Utility Ltd. was incorporated in 2009. It is a technology-enabled digital services provider of B2B, B2C, and financial technology companies. Through an integrated business model, it offers business opportunities to a variety of clients to start their futuristic online businesses. As a service, it provides convergence of financial channels and processes for smooth customer experience regardless of product. Their key product offering is an online platform integrating and converging front-end channels with back-end technology functions.
It organizes its services primarily to the following seven sectors.
- Banking
- Travel
- Insurance
- Utility service
- Entertainment services
- Franchise
- Other services
MOS Utility IPO opens for bidding on March 31, 2023. The subscription window will remain open till April 6, 2023. The total IPO size of Rs. 49.97 comprises fresh and offer-for-sale equities. The price band set for the IPO is Rs 72-76 per share, while one lot size contains 1600 shares.
| Bidding Dates 31 Mar ’23 – 06 Apr ’23 | Price Range ₹72 – ₹76 |
| Minimum Investment ₹121,600 / 1 Lots ( 1600 Shares ) | Maximum Investment ₹121,600 / 1 Lots ( 1600 Shares ) |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Issue Size ₹49.97 Cr |
MOS Utility IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date Mar 31, 2023 | IPO Closing Date Apr 6, 2023 |
| Basis of Allotment Apr 12, 2023 | Initiation of Refunds Apr 13, 2023 |
| Credit of Shares to Demat Account Apr 17, 2023 | IPO Listing Date Apr 18, 2023 |
MOS Utility IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Mar 31, 2023 | 0.04 | 0.16 | 0.23 |
| Day 2 Apr 3, 2023 | 0.16 | 1.04 | 0.67 |
| Day 3 Apr 5, 2023 | 1.27 | 2.87 | 1.75 |
MOS Utility IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 0.45 |
| Non-Institutional Buyers | 1.27 |
| Retail Investors | 2.87 |
| Employees | [.] |
| Other | [.] |
| Total | 1.75 |
MOS Utility Ltd. IPO Objective
- The net proceeds from selling new issues will be used to meet working capital requirements.
- As a fund for general corporate purposes and offer related expenses.
Should you invest in MOS Utility Ltd.?
These are the top reasons to consider investing in MOS Utility Ltd.
- The company offers services including Direct Bank Transfer, Micro ATM, and Aadhar Enabled Payment System to empower shopkeepers, retailers, students, homemakers, professionals, insurance agents, etc., to start futuristic online businesses.
- It caters to various sectors, including travel, insurance, retail, utility and entertainment services, etc., via integrated B2B, B2C, and B2B2C models.
- Versatility in service offerings allows MOS Utility to diversify its revenue base and reduce dependency on a single industry/client.
MOS Utility Ltd. Noteworthy highlights
- The revenue contribution from the top 10 partners of the company grew from 32.08% in 2020 to 71.66% in 2022.
- Under the adopted Phygital strategy (physical+digital), the company has a network of 1,68,018 partners, including agents, distributors, and master distributors.
MOS Utility Ltd. Company Financials
| Particulars | Year ending on March 31, 2022 (₹ Lakh) | Year ending on March 31, 2021 (₹ Lakh) | Year ending on March 31, 2020 (₹ Lakh) |
|---|---|---|---|
| Revenue from Operations | 7,734.01 | 6,766.39 | 8,819.34 |
| Profit After Tax (PAT) | 157.67 | 84.69 | 57.87 |
| EBITDA | 394.63 | 176.27 | 315.85 |
| EBITDA Margin | 4.87% | 2.60% | 3.25% |
| ROE | 20.59% | 13.13% | 13.75% |
| Period Ended | As on March 31, 2022 (₹ Lakh) | As on March 31, 2021 (₹ Lakh) | As on March 31, 2020 (₹ Lakh) |
| Current Asset | 1,880.55 | 1,757.56 | 1,901.04 |
| Current Liabilities | 1,339.22 | 945.66 | 1,313.17 |
Know before investing
Strengths
- It offers a diversified product portfolio resulting in reduced dependency on a single sector.
- Customers can use the platform to cross-sell and make new customer acquisitions.
- Experienced management and team with deep domain knowledge provide a competitive edge.
Risks
- The industry is highly competitive, with many listed and unlisted players.
- Falling to attract new partners and retaining the existing ones can impact the company’s future revenue.
- Future revenue depends on the company’s ability to generate/maintain the fees and commissions.
Please Click Here To Apply For MOS Utility IPO
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