MOS Utility Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹7.5(9.87%)
Premium (ELP)
The public market debut of MOS Utility Limited's was completed on Apr 18, 2023 with its listing on the NSE exchange. The IPO process raised 65,74,400 Shares in total capital, consisting of 57,74,400 Shares in new equity and ₹6.08 Cr in existing share sales through the OFS route.
The offering featured a price range of ₹72 to ₹76 and minimum application size of 1600 shares. Investor response during the subscription period from Mar 31, 2023 to Apr 06, 2023 influenced the final allotment ratios across investor categories.
Final allotment was announced on Apr 12, 2023, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2009, MOS Utility Limited offers digital products and services across B2C, B2B, and fintech sectors through an integrated business model. The company enables shopkeepers, retailers, students, housewives, professionals, and insurance agents to start their own online businesses supporting the "Vocal for Local" campaign. MOS Utility operates seven key segments—banking, travel, insurance, utility services, entertainment, franchisee, and others—leveraging a network of over 1,68,018 partners, including agents, distributors, and master distributors, across India via a digital platform.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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