Osel Devices Limited IPO
NSE SMEListed On: Sep 24, 2024 at ₹ 198.5
₹ 128000 /800 Shares
Check Allotment16 Sep, 2024
Open Date19 Sep, 2024
Close Date20 Sep, 2024
Allotment Date24 Sep, 2024
Listing DateIssue Price
₹155-160 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Mas Services LimitedList Price
198.5Listing Date
2024-09-24Market Lot
800 Shares (₹128,000/-)Lead Manager
Horizon Management Private LimitedIssue Size
4,416,000 shares(aggregating up to ₹70.66 Cr)Retail Portion
35%Subscription
194.31 timesOsel Devices IPO Details
Osel Devices Limited IPO is an SME IPO, priced at ₹155-160 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 44,16,000 equity shares, aggregating up to ₹70.66 crores..
The IPO bidding window is open from Sep 16, 2024 to Sep 19, 2024. The allotment is expected to be finalized on Sep 20, 2024, and the tentative listing date is Sep 24, 2024.
The minimum lot size for retail investors is 800 shares, with a minimum investment of ₹1,28,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,56,000.
Horizon Management Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Mas Services Limited, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Osel Devices IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 838,400 / 629,600 | 1,468,800 | 2,936,800 |
| Day 1 - 16-09-24 06:00 PM | 0.00 / 1.67 x | 6.12 x | 3.42 x |
| Day 2 - 17-09-24 06:00 PM | 0.00 / 17.70 x | 40.69 x | 24.15 x |
| Day 3 - 18-09-24 06:00 PM | 0.00 / 32.62 x | 73.92 x | 43.96 x |
| Day 4 - 19-09-24 06:00 PM | 78.01 / 321.75 x | 106.07 x | 194.31 x |
Osel Devices Valuations
EPS Pre IPO
₹11.14/-EPS Post IPO
₹8.09/-P/E Pre IPO
14.36P/E Post IPO
19.77ROE
34.68%ROCE
43.17%RoNW
51.50%PAT Margin
9.87Price to Book Value
7.29Osel Devices Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 9,864.2 | 4,902.09 | 3,312.17 |
| Revenue | 13,268.52 | 8,195.58 | 6,555.49 |
| Profit After Tax | 1,305.21 | 466.00 | 212.31 |
| Net Worth | 2,534.21 | 1,229.00 | 763.00 |
| Reserves & Surplus | 1,380.39 | 1,042.9 | 576.9 |
| Total Borrowing | 2,545.23 | 1,782.29 | 862.87 |
About The Company
Osel Devices Limited was formerly known as Innovative Infratech Solutions Private Limited. It was established in the year 2006 and makes a wide variety of LED display systems and hearing aids.
The company produces a full line of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. The company's LED display systems have a content management system that can be connected to a phone or computer and then displayed on screen.
The company also produces health aids, widely referred to as hearing aids, to help persons with disability, the old, and the chronically ill with low hearing levels. The key client for the hearing aids produced by the company is Artificial Limbs Manufacturing Corporation of India. The company produces both programmable and non-programmable hearing aids.
Osel's manufacturing plant in Greater Noida was inaugurated by former Union Minister Shri Pratap Sarangi. It has a capacity to produce 15,000 square feet of LED display in a year and 4,00,000 units of hearing aids in a year.
As on March 31, 2024, the company had an employee strength of 68.
Osel Devices - Promoter(s)
Pre Issue Share Holding: 98.50%
Post Issue Share Holding: 71.53%
- Rajendra Ravi Shanker Mishra
- Jyotsna Jawahar
Osel Devices IPO - Issue Objectives
- Prepayment or repayment of certain loans availed by the Company
- Funding of working capital requirements of the Company
- General Corporate Purposes.
Other Details
Osel Devices
Office No.- 712, Naurang House K.G. Marg, Connaught Place, Central Delhi, New Delhi - 110 001Mas Services Limited
Osel Devices IPO - FAQs
Ans. Osel Devices Limited IPO is a SME IPO. The issue is priced at ₹155-160 per equity share. The minimum order quantity is 800 Shares. The IPO opens on Sep 16, 2024, and closes on Sep 19, 2024. Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Osel Devices Limited IPO opens on Sep 16, 2024 and closes on Sep 19, 2024.
Ans. The size of Osel Devices Limited IPO is 4,416,000 shares(aggregating up to ₹70.66 Cr).
Ans. The IPO price band is set between ₹155-160 per equity share.
Ans. To apply for Osel Devices Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Osel Devices Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Osel Devices Limited IPO is Sep 20, 2024.
Ans. The Osel Devices Limited IPO will be listed on Sep 24, 2024.
Ans. Follow the steps to check the allotment status for Osel Devices Limited IPO here.
