Osel Devices IPO
Osel Devices is an NSE SME IPO listed on the NSE SME platform, priced at ₹155–₹160 per share. The stock debuted at ₹198.5, delivering a listing gain of 24.1%. The IPO had a lot size of ₹800 shares and a minimum investment of ₹1,28,000.
Osel Devices Limited IPO
- IPO Dates
- Sep 16, 2024 – Sep 19, 2024
- Price band
- ₹155-160 per equity share
- Minimum Investment
- ₹1,28,000
- Issue size
- ₹70.66 Cr
- Lot size
- 800
- Allotment Date
- Sep 20, 2024
- Listing
- Sep 24, 2024
- Listing At
- NSE SME
IPO timeline
-
Sep 16, 2024
Open Date
Completed
-
Sep 19, 2024
Close Date
Completed
-
Sep 20, 2024
Allotment Date
Completed
-
Sep 24, 2024
Listing Date
Completed
Osel Devices IPO Essentials
Osel Devices IPO Details
Osel Devices IPO is priced at ₹155-160 per share with a total issue size of 70.66 crore. The IPO has a lot size of 800 shares and is listed on NSE SME.
- Issue price
- ₹155-160 per equity share
- Lot size
- 800 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,416,000 shares(aggregating up to ₹70.66 Cr)
- Total issue size
- 44,16,000 shares
(aggregating up to ₹70.66 crore) - Fresh issue
- 44,16,000 shares
(aggregating up to ₹70.66 crore) - Listing at
- NSE SME
- List price
- 198.5
- Listing date
- Registrar
- Mas Services Limited
- Lead manager
-
Horizon Management Private Limited
Market Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,28,000 |
| Retail(max) | 1 | 800 | ₹1,28,000 |
| NII (min) | 2 | 1,600 | ₹2,56,000 |
Osel Devices IPO Reservation
Osel Devices IPO reservation details show category-wise allocation of shares. Out of the total 44,16,000 shares, approximately 18.99% are reserved for QIB, 14.26% for NII, 33.26% for retail investors, 5.02% for market maker, and 28.48% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 12,57,600 (28.48%) | |
| Market Maker Shares Offered | 2,21,600 (5.02%) | |
| QIB Shares Offered | 8,38,400 (18.99%) | |
| NII (HNI) Shares Offered | 6,29,600 (14.26%) | |
| Retail Shares Offered | 14,68,800 (33.26%) | |
| Total Shares Offered | 44,16,000 (100%) |
Osel Devices IPO Analytics
Osel Devices IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Osel Devices IPO Subscription Status
Osel Devices IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹11.14/-
- EPS Post IPO
- ₹8.09/-
- P/E Pre IPO
- 14.36
- P/E Post IPO
- 19.77
Returns
- ROE
- 34.68%
- ROCE
- 43.17%
- RoNW
- 51.50%
- PAT Margin
- 9.87
Fundamentals
- Price / Book
- 7.29
Osel Devices Financials( In Lakhs)
| 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 |
Osel Devices Company & Offer Insights
About Osel Devices
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)
Rajendra Ravi Shanker Mishra, Jyotsna Jawahar are the company's promoters of Osel Devices.
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.
Contact Information
Contact Details
Osel Devices
+91 120 635 1600
Office No.- 712, Naurang House K.G. Marg, Connaught Place, Central Delhi, New Delhi - 110 001
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Osel Devices IPO is a book-built IPO worth ₹70.66 crore. The price band is ₹155–₹160 per share. The IPO opens on Sep 16, 2024 and closes on Sep 19, 2024. It will be listed on NSE SME Platform. Mas Services Limited is the registrar.
The price band of Osel Devices IPO is ₹155 to ₹160 per share.
The lot size of Osel Devices IPO is 800 shares.
The minimum investment for Osel Devices IPO is approximately ₹1,28,000 based on the upper price band .
Osel Devices IPO opens on Sep 16, 2024 and closes on Sep 19, 2024.
The allotment date of Osel Devices IPO is Sep 20, 2024.
Osel Devices IPO is expected to be listed on Sep 24, 2024, on NSE SME Platform.
Osel Devices IPO valuation snapshot: P/E 19.77, EPS ₹8.09/-, P/B 7.29, RoNW 51.50%, and market cap N/A.
To apply for Osel Devices IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Osel Devices IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Osel Devices IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Osel Devices IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Osel Devices IPO allotment status on IPO Ji for quick and easy access.