IPO : Shree OSFM E-Mobility Limited
Shree OSFM E-Mobility Limited IPO
| SYMBOL | SHREEOSFM |
| ISSUE TYPE | Fixed Price Issue IPO |
| ISSUE OPENS ON | Thursday, December 14, 2023 |
| ISSUE CLOSES ON | Monday, December 18, 2023 |
| ISSUE PRICE | ₹65 per share |
| ISSUE SIZE | Up to Rs.24.60 Crores |
| FACE VALUE | Rs.10 per share |
Shree OSFM E-Mobility IPO is a fixed price issue of Rs 24.60 crores. The issue is entirely a fresh issue of 37.84 lakh shares.
Shree OSFM E-Mobility IPO opens for subscription on December 14, 2023 and closes on December 18, 2023. The allotment for the Shree OSFM E-Mobility IPO is expected to be finalized on Tuesday, December 19, 2023. Shree OSFM E-Mobility IPO will list on NSE SME with tentative listing date fixed as Thursday, December 21, 2023.
| MINIMUM BID | 2000 shares |
| MINIMUM AMOUNT | Rs.130,000 |
| MAXIMUM BID | 2000 shares |
| MAXIMUM AMOUNT | Rs.130,000 |
| PROMOTER HOLDING | 55.88% (Post-issue) |
| LISTING DATE | Thursday, December 21, 2023 |
| LISTING AT | NSE-SME |
Shree OSFM E-Mobility IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹260,000.
Objects of the Issue (Shree OSFM E-Mobility IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding additional Working capital requirements
- Purchase of Passenger Vehicles
- General Corporate Purposes
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