Shree OSFM E-Mobility Ltd - IPO

Shree OSFM E-Mobility Ltd IPO Details

Initial public offering of up to 37,84,000 equity shares of Rs. 10 each (Equity Shares) of Shree OSFM E-Mobility Limited (OSFM or the Company) for cash at a price of Rs. 65 per equity share (the Offer Price), aggregating to Rs. 24.60 crores (The Offer). Of the offer, 2,00,000 equity shares aggregating to R. 1.30 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 35,84,000 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 65.00 per equity share aggregating to Rs. 23.30 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 26.49% and 25.09%, respectively of the post offer paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the offer price of Rs. 65.00 is 6.50 times of the face value.

Objective of issue

Funding additional working capital requirements. Purchase of passanger vehicles. General corporate purposes.

Shree OSFM E-Mobility Ltd Contact Details

Shree OSFM E-Mobility Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@shreeosfm.com

Website - www.shreeosfm.com