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Home News MOS Utility Ltd to launch IPO on 31st March

MOS Utility Ltd to launch IPO on 31st March

MOS,

MOS Utility Limited is a technology-enabled provider of digital goods and services for the business-to-business and business-to-consumer markets. The company has submitted its IPO paperwork to the NSE Emerge platform for listing. Skyline Financial Services Private Limited serves as the Registrar, and Unistone Capital Private Limited serves as the Issue’s Book Running Lead Manager (BRLM).

The initial public offering of 65,74,400 equity shares with a face value of $10 will begin on March 31, 2023, and will end on April 6, 2023, with a sale by the Promoter Selling Shareholder of 8,00,000 equity shares. Bandwagon of Rs. 72 to 76, as determined by the Selling Shareholder, the Company, and the BRLMs.

The proposed goals are “to meet the working capital requirements and general corporate objectives,” and the current GMP ranges from Rs 4.5 to Rs 8.

The business has reported Rs. for the quarter that ended September 30, 2022. There were reports of 53.30 crore, of which Rs. 1.9 million. The business reported a revenue of Rs for the fiscal year that ended on March 31, 2022. 77.34 Cr (an increase of 14.30% year over year) and a PAT of Rs. 1.57 crore, or an 86.18% increase. Both FY22 and FY21 saw profits for the business. The provision of utility services accounts for a significant portion of the company’s revenue.

MOS Utility Restricted (“MOS”) is an innovation empowered supplier of last mile computerized and monetary administrations to nearby networks. MOS has developed an app-based platform and an integrated website (www.mos-world.com). MOS lists its network partners and grants them access to the platform and its own wallet through its integrated platform. Chirag Shah (founder and CEO) and Ravi Ruparelia (Managing Director) are in charge of the business.

The company gives shopkeepers, retailers, students, housewives, 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.

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