Osel Devices IPO
Open SmeCurrent GMP
₹100 (+62.50%)
Price Band
₹ 155 – 160
Lot Size
800
Issue Size
₹70.66 Cr
Minimum Investment
₹256000 (1600 Shares)
Listing Date
24 September 2024
Subscription
194.31x
About the Company
Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, was founded in 2006 and manufactures a comprehensive range of LED display systems and hearing aids.
The company manufactures a comprehensive range 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 are equipped with a content management system that allows them to be connected to a phone or computer and displayed on screen.
The company also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company's main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company manufactures digitally programmable and non-programmable hearing aids.
Osel’s manufacturing facility in Greater Noida was inaugurated by former Union Minister Shri Pratap Sarangi. The plant has a production capacity of 15,000 square feet of LED display per year and 4,00,000 units of hearing aids per year.
Competitive strengths:
- Manufacturer of LED display systems and hearing aids with a long-standing market presence
- Geographical presence
- Quality assurance and quality control of our products
- Strong, cordial and long-term relationships with customers
- Cost-efficient production and punctual order processing
- Experienced management team
- Customers of the brand
- Service and support after the sale
On March 31, 2024, the company employed 68 employees.
Promoters
The promoters of the Company are
- Rajendra Ravi Shanker Mishra
- Jyotsna Jawahar.
Promoters Holding
Holding Pre Issue
98.50%
Holding Post Issue
71.53%
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Prepayment or repayment of certain loans availed by the Company;
- Funding of working capital requirements of the Company; and
- General Corporate Purposes.
Address / Contact Info
Osel Devices Limited
Office No.- 712, Naurang House K.G. Marg,
Connaught Place, Central Delhi,
New Delhi - 110 001
Phone: +91 120 635 1600
Email: info@oseldevices.com
Website: http://www.oseldevices.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 16 September 2024
IPO Close Date
Thursday, 19 September 2024
Basis of Allotment
Friday, 20 September 2024
Initiation of Refunds
Monday, 23 September 2024
Credit of Shares to Demat
Monday, 23 September 2024
Listing Date
Tuesday, 24 September 2024 — NSE & BSE
Important Dates
Open Date
16 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 9864.2 | 4902.09 | 3312.17 |
| Revenue | 13268.52 | 8195.58 | 6555.49 |
| Profit After Tax | 1305.21 | 466 | 212.31 |
| Net Worth | 2534.21 | 1229 | 763 |
| Reserve & Surplus | 1380.39 | 1042.9 | 576.9 |
| Total Borrowings | 2545.23 | 1782.29 | 862.87 |
EPS Pre
11.14%
EPS Post
8.09%
P/E Pre
14.36
P/E (Post Issue)
19.77x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 34.68 |
| ROCE % | 43.17 |
| Debt / Equity | 0 |
| RoNW % | 51.5 |
| PbW | 7.29 |
| Pat Margin % | 9.87 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1257600 | 28.48 | 0 |
| Market Maker | 221600 | 5.02 | 0 |
| Qualified Institutions | 838400 | 18.99 | 0 |
| Non-Institutional | 629600 | 14.29 | 0 |
| Retail Investors | 1468800 | 33.26 | 0 |
| Total | 4416000 | 100 | 0 |
Subscription Status ( Thu, 19 Sep 24 01:24 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 838400 | 65407200 | 78.01x |
| Non-Institutional | 629600 | 202576800 | 321.75x |
| Retail Investors | 1468800 | 302676000 | 206.07x |
| Total | 2936800 | 570660000 | 194.31x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | 128,000.00 |
| Retail (Max) | 1 | 800 | 128,000.00 |
| S-HNI (Min) | 2 | 1,600 | 256,000.00 |
Book Running Lead Managers
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Osel Devices IPO is a Book-building IPO worth ₹70.66 crores. The price band is ₹155 to 160 per share. The IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024. It will be listed on BSE and NSE. Mas Services Limited is the registrar.
The Osel Devices IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024
Osel Devices IPO Price Band is ₹155 to 160.
Osel Devices IPO lot size is 800, and the minimum amount required for application is ₹256000.
The minimum investment for Osel Devices IPO is approximately ₹256000 based on the upper price band.
To apply for the Osel Devices IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 19, 2024. After submission, funds are blocked until the basis of allotment of Osel Devices IPO is finalised.
Osel Devices IPO issue size is ₹70.66 crores.
Osel Devices IPO allotment date is Sat, Jun 27, 2026.
The registrar for Osel Devices IPO is Mas Services Limited. Investors can go to Mas Services Limited website for IPO allotment status, refund processing, and other queries related to Osel Devices IPO through their official website or helpline.
The Osel Devices IPO GMP (Grey Market Premium) is ₹100 as of Tue, Sep 24, 2024. Based on the upper price band of ₹160 per share, the estimated Osel Devices IPO listing price is ₹260, indicating a potential listing gain of approximately 31% over the issue price.