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MOS Utility IPO opens today. GMP, things to know before you subscribe to SME issue

MOS,

The SME issue of MOS Utility Limited’s Initial Public Offer (IPO) will end on Thursday, April 6, 2023, and the public subscription period for the IPO will begin on Friday, March 31, 2023. between 72 and 76 cents per share.

Market observers claim that MoS are currently trading at a utility share premium (GMP) of 7 in the gray market, up from 6 in the previous session. On April 18, 2023, the company’s shares are expected to be listed on the NSE SME platform.

The Clever SME Arise Record is intended to mirror the presentation of an arrangement of qualified little and medium endeavors that are recorded on the NSE Arise stage.

MOS Utility Limited (MOS) is a local communities’ last-mile digital and financial service provider that uses technology. MOS provides access to the platform and their own wallets to a variety of network partners. The company’s promoters are Sky Ocean Infrastructure Limited, Kurjibhai Ruparelia, and Chirag Shah.

The company gives shopkeepers, retailers, students, professionals, and insurance agents business opportunities to start their own online digital service businesses in order to promote the government’s “Vocal for Local” campaign. Network partners can offer banking, travel, insurance, entertainment, and a variety of utility services through its platform.

The MOS Utility IPO consists of 65,74,400 equity shares with a face value of 10 each, including an offer for sale (OFS) of 8,00,000 equity shares by promoter-selling shareholders and a fresh issue of 57,74,400 equity shares.

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