IPO : MOS Utility Limited

Incorporated in 2009, MOS Utility Limited provides digital products and services in the B2C, B2B, and financial technology fields through an integrated business model.

The company provides business opportunities for shopkeepers, retailers, students, housewives, professionals, and insurance agents to start their own online e-commerce business to promote the government’s “Vocal for Local” campaign.

MOS Utility has seven primary business segments, namely: banking, travel, insurance, utility services, entertainment services, franchisee, and other services.

The company combines over 1,68,018 network partners including agents, distributors, and master distributors for payment solutions, remittance, utility, travel, and insurance products, etc throughout PAN India with a digital online platform.

Objects of the Issue

The company intends to utilize the proceeds of the issue for the following objectives:

  1. To meet the working capital requirements.
  2. General corporate purposes and offer related expenses.

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