MOS Utility Limited SME IPO! Do you Invest?

MOS Utility Limited SME IPO, MOS Utility IPO, MOS Utility IPO Details, MOS Utility IPO Review, MOS Utility IPO Date
MOS Utility Limited SME IPO

MOS Utility IPO subscription is opening up on 31st March 2023 till 6th April 2023. According to the prospectus, the IPO consists of a total of 6,574,400 shares aggregating up to ₹49.97 Cr, a fresh issue of 5,774,400 equity shares, and an offer for sale of 800,000 shares. The Equity Shares have a face value of Rs 10 each. The retail allocation is not less than 35% of the total size.

MOS Utility IPO – The Company Business Description

Incorporated on July 27, 2009, MOS Utility provider of digital products and services in the B2C, B2B, and financial technology arena through an integrated business model.

The company works under seven primary business segments, (i) banking, (ii) travel, (iii) insurance, (iv) utility services, (v) entertainment services, (vi) franchisee, and (vii) other services.

The company has a diversified exchange platform that allows harnessing synergies and provides cross-selling and upselling opportunities to both consumers and businesses

MOS Utility Limited SME IPO, MOS Utility IPO, MOS Utility IPO Details, MOS Utility IPO Review, MOS Utility IPO Date
MOS Utility IPO

MOS Utility Limited Founders and Leadership team

Mr. Chirag Shah, Mr. Kurjibhai Rupareliya, and Sky Ocean Infrastructure Limited are promoters of this company.

MOS Utility Limited Revenue and Profit

MOS Utility is consistent in terms of revenue. The total revenue from the operation has declined from Rs. 8,819.34 lakh in FY2020 to Rs 6,766.39 lakh in FY2021, though it has increased to reach Rs. 7,734.01 lakh in FY 2022.

For the Period ended September 30, 2022, the company registered total revenue of Rs. 5,330.22 lakhs. The profit for the period reached Rs. 195.84 lakh on September 30, 2022, from Rs. 84.69 lakh in FY 2021.

However, the debt-to-equity ratio of the company has increased over the years from 0.89 in FY2020 to 1.53 in FY2022.

MOS Utility Limited SME IPO Review : Financial Snapshot

All amounts in INR Lakhs
(Year ended March 31)
FY 2020FY 2021FY 2022Half Year
By Sept,

Revenue Operation8,819.346,766.397,734.015,330.22
Total Income9,156.516,792.078,096.015,435.41
Profit for the period128.5984.69157.67195.84
Earnings Per equity Share-Diluted0.320.460.861.07
Net Cash from Operating Activities(669.57)4.50233.57503.07
Total Borrowings538.08812.231296.32878.59
Net Worth602.42687.11844.781,940.63
Net Asset Value/Book Value per Equity share3.303.774.6310.63

Objective Behind the MOS Utility IPO

  • To meet the working capital requirements, the company will use Rs 2,600 lakh.
  • The rest will be used for General corporate purposes

MOS Utility IPO: Do you invest?

  • Major revenue (Over 70%) comes from the utility services segment of the company.
  • Digital India’s initiative to improve online infrastructure and increase internet accessibility among citizens will help this company to improve its bottom line.
  • The Digital India initiative is expected to boost the country’s digital economy to US $ 1 trillion by 2025.
  • The return on equity and return on capital employed are quite impressive.
  • Net Cash Flow from Operating Activities has improved from Rs (669.57) lakh in FY2020 to Rs 233.57 lakh in FY2022.
  • However, the debt-to-equity ratio is quite high for the company which is increasing over years.
MOS Utility Limited SME IPO, MOS Utility IPO, MOS Utility IPO Details, MOS Utility IPO Review, MOS Utility IPO Date
MOS Utility IPO Details

MOS Utility IPO Details

MOS Utility IPO DetailsMOS Utility IPO Date,
Price and other details
MOS Utility IPO DateMar 31, 2023 to Apr 6, 2023
IPO Price ₹72 to ₹76 per share
IPO Allotment dateApr 12, 2023
Refunds Initiation dateApr 13, 2023
Credit of Shares to Demat AccountApr 17, 2023
IPO Listing DateApr 18, 2023
Offer for Sale800,000 Equity shares
Fresh Issue5,774,400 Equity Shares
IPO Issue Size
(Fresh Issue)
(aggregating up to ₹49.97 Cr)
Minimum bid (lot size)    
For retail investor                                                 
1 lot of 1600 shares
Investment of ₹121,600
Maximum bid (lot size)    
For retail investor 
1 lot of 1600 shares
Investment of ₹121,600
Retail Shares OfferedNot less than 35% of the Net Offer
Minimum bid (lot size) 
HNI investor
2 lot of 1600 shares (3200)
Investment of ₹243,200
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Face ValueINR 10 per share
Listing on NSE SME
PromotersMr. Chirag Shah, Mr. Kurjibhai Rupareliya,
and Sky Ocean Infrastructure Limited are the Promoter

MOS Utility IPO: Lead Managers and Contact

Contact DetailsMOS Utility IPO Lead Managers
MOS Utility Limited
12th Floor, Atul First Avenue, Above Kia Motors
Showroom, Goregaon – Mulund Link Rd,
Malad West, Mumbai- 400064
Phone: +91 84337 24642
A/305, Dynasty Business Park,
Andheri Kurla Road, Andheri East,
Mumbai 400059, Maharashtra
Telephone: +91 98200 57533

MOS Utility IPO Allotment Status

MOS Utility IPO Allotment status will be available on SKYLINE FINANCIAL SERVICES. To know your allotment status, get ready with your PAN number and click on this link. You may also reach out to Phone: 011-40450193-197, Facsimile: 011-26812683 Email:;

More Across from our Website

We endeavor to help you to understand different aspects of a company before you invest in the company’s IPO, India IPO Trends 2023, New Companies in the Indian share market 2023. To know more information about business overview of each company, here are some suggested readings on company insights for investment – 10 Best IPOs in 2022Tata Play IPOUpcoming IPOsUpcoming SME IPOs.