Osel Devices IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 16 Sep 2024
Close Date
Thu, 19 Sep 2024
Price Band
₹ 155 – 160
Lot Size
800
Issue Size
₹ 70.66 Cr
Minimum Investment
₹ 256,000 (1600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Osel Devices IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹71 Crore, comprising a fresh issue of 44.16 Lakh equity shares aggregating to ₹70.66 Crore.
The Osel Devices IPO remained open for subscription from September 16, 2024, to September 19, 2024. The basis of allotment was finalized on September 20, 2024, and the company's shares were listed on NSE SME Platform on September 24, 2024.
The company had fixed the price band at ₹155 to ₹160 per share, with a lot size of 800 shares. Retail investors were required to make a minimum investment of ₹256,000 (based on the upper price band) to apply for one lot.
Mas Services Limited served as the registrar to the issue. acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Osel Devices Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Osel Devices IPO Timeline (Tentative)
- IPO Open Date
- Mon, 16 Sep 24
- IPO Close Date
- Thu, 19 Sep 24
- Basis of Allotment
- Fri, 20 Sep 24
- Initiation of Refunds
- Mon, 23 Sep 24
- Credit of Shares to Demat
- Mon, 23 Sep 24
- Listing Date
- Tue, 24 Sep 24 — NSE & BSE
Open Date
16 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
IPO Subscription
Check Live Subscription →The Osel Devices IPO has received bids for 57,06,60,000 shares against 29,36,800 shares offered, resulting in an overall subscription of 194.31x. the NII category is subscribed 321.75x, Retail Investors 206.07x, and QIBs 78.01x.
QIB
78.01x
NII
321.75x
RII
206.07x
Total
194.31x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 14,68,800 shares, representing 33.26% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,38,400 shares (18.99%), while Non-Institutional Investors (NIIs) receive 6,29,600 shares (14.29%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 1,257,600 | 28.48% |
| Market Maker | 221,600 | 5.02% |
| Qualified Institutions | 838,400 | 18.99% |
| Non-Institutional | 629,600 | 14.29% |
| Retail Investors | 1,468,800 | 33.26% |
| Total | 4,416,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Osel Devices Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 34.68 |
| ROCE % | 43.17 |
| RoNW % | 51.5 |
| PbW | 7.29 |
| Pat Margin % | 9.87 |
Peers Comparison
No Peer Comparision Available
About Osel Devices Limited
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.
Osel Devices IPO 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%
Osel Devices IPO Objective
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.
Osel Devices Limited Address / Contact Details
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
Osel Devices IPO Lot Size
The Osel Devices IPO has a lot size of 800 shares. Retail investors require a minimum investment of ₹1,28,000 by applying for 1 lot (800 shares). The maximum application allowed for the retail category is 1 lots (800 shares), requiring an investment of ₹1,28,000.
| 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 |
Issue Reservation
- Anchor Investors — 28.48%
- Market Maker — 5.02%
- QIB — 18.99%
- NII — 14.29%
- RII — 33.26%
Book Running Lead Managers
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Osel Devices IPO?
Osel Devices IPO is a Book-building IPO with a total issue size of ₹70.66 crore. The Osel Devices IPO price band is ₹155 to 160 per share. The Osel Devices IPO subscription opens on Mon, Sep 16, 2024, and closes on Thu, Sep 19, 2024. The Osel Devices IPO will be listed on the NSE. Mas Services Limited is the registrar for the Osel Devices IPO.
When will the Osel Devices IPO open for subscription?
The Osel Devices IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024
What is Osel Devices IPO Price Band?
Osel Devices IPO Price Band is ₹155 to 160 per share.
What is Osel Devices IPO Lot Size?
Osel Devices IPO lot size is 800 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
What is the minimum investment for Osel Devices IPO?
The minimum investment for Osel Devices IPO is ₹256000, based on one lot of 800 shares at the upper price band of ₹160 per share.
How to apply for Osel Devices IPO?
Investors can apply for the Osel Devices IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 19, 2024. The application amount remains blocked until the Osel Devices IPO allotment is finalized.
What is Osel Devices IPO Issue Size?
Osel Devices IPO issue size is ₹70.66 crores.
What is the Osel Devices IPO Allotment Date?
Osel Devices IPO allotment date is Fri, Sep 20, 2024.
Who is the Osel Devices IPO Registrar?
The registrar for Osel Devices IPO is Mas Services Limited. Investors can go to Mas Services Limited website to check Osel Devices IPO allotment status, refund processing, and other IPO-related information.
What is the Osel Devices IPO GMP?
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 62.50% over the issue price.
Who is the Osel Devices IPO Lead Manager?
The book-running lead managers (BRLMs) for the Osel Devices IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Osel Devices IPO Red Herring Prospectus (RHP).