MOS Utilities Ltd, a 2009 incorporation, is a supplier of digital goods and services for the B2B and B2B2C markets. The company has submitted its initial public offering documents for the NSE Emerge platform. The issue’s Book Running Lead Manager (BRLM) is Unistone Capital Pvt Ltd, and the registrar is Skyline Financial Services Pvt Ltd.
The initial public offering of up to 65,74,400 equity shares with a face value of 10 each will begin on March 31, 2023, and end on April 6, 2023. The price range for the offering will be between Rs. 72 and Rs. 76, as determined by the company and the promoter selling shareholder in consultation with BRLM.
According to the market to current GMP is INR 4.5 to INR 8
The objects of the offer are “To meet working capital requirements and general corporate purposes”.
For the quarter ended 30 September, 2022, the company had reported a Rs.53.30 Cr Revenue, with PAT coming in at Rs. 1.95 Cr. For the year ended 31 March, 2022, the company reported a revenue of Rs. 77.34 Cr (growth of 14.30% YoY), and PAT came in at Rs. 1.57 Cr (growth of 86.18% YoY). The company has been profitable in FY22 & FY21 as well. A large portion of the company’s revenue is generated from the Utility services.
MOS Utility Limited (“MOS”) is a technology-enabled provider of digital and financial service to local communities over the last mile. MOS has created an integrated website (i.e. www.mos-world.com) and an app-based platform. Through its integrated platform, MOS enlists various network partners and provide them access to the platform as well as their own wallet. The company is led by Ravi Ruparelia (Managing Director), and Chirag Shah (Founder and CEO).
The company provides business opportunities to shopkeepers, retailers, students, housewives, professionals, insurance agents to start their own online Digital service business with the intention to promote government’s “Vocal for Local” campaign. Through its platform, network partners can provide services such as banking, travel, insurance, entertainment and various utility services.