Osel Devices Limited IPO
NSE SMEListed On: Sep 24, 2024 at ₹ 198.5
₹ 256000 /1600 Shares
*Min Investment
16 Sep, 2024
Open Date19 Sep, 2024
Close Date20 Sep, 2024
Allotment Date24 Sep, 2024
Listing DateOsel Devices IPO Issue Details
- Issue Price ₹155-160 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 44,16,000 shares(aggregating up to ₹70.66 crore)
- Fresh Share 44,16,000 shares(aggregating up to ₹70.66 crore)
- Listing at NSE SME
- List Price 198.5
- Listing Date 2024-09-24
- Lead Manager Horizon Management Private Limited
- Registrar Mas Services 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 offers total 44,16,000 shares. Out of which 8,38,400 (18.99%) allocated to QIB, 6,29,600 (14.26%) allocated to NII,14,68,800 (33.26%) allocated to RII, NA (NA%) allocated to employees and 12,57,600 (28.48%) allocated to 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 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 Analysis And 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
Osel Devices Company Financials
| 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 Osel Devices 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)
Rajendra Ravi Shanker Mishra
Jyotsna Jawahar
Pre Issue Share Holding : 98.50%
Post Issue Share Holding : 71.53%
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 Details
Osel Devices
Office No.- 712, Naurang House K.G. Marg, Connaught Place, Central Delhi, New Delhi - 110 001
+91 120 635 1600
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Osel Devices Limited IPO is 4,416,000 shares(aggregating up to ₹70.66 Cr).
Ans. The Osel Devices Limited IPO price band is set between ₹155-160 per equity share.
Ans. To apply for Osel Devices Limited 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 Osel Devices Limited IPO allotment status online.
