Osel Devices IPO Details
The Osel Devices IPO is a book build issue with a total issue size of ₹70.66 cr, comprising of fresh issue of 4416000 equity shares. Osel Devices IPO opened for subscription on Sep 16, 2024 and closed on Sep 19, 2024. Osel Devices IPO is set price band at ₹155 to ₹160 per share, with a lot size of 800 shares. Minimum investment for Retail investors was ₹256,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 20, 2024, and listed on the NSE on Sep 24, 2024.
Mas Services Limited has been appointed as the registrar. are the Book Running Lead Manager for the issue.
Before investing in the Osel Devices IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 155 – 160
- Lot Size
- 800
- Issue Size
- ₹70.66 Cr
- Minimum Investment
- ₹256000 (1600 Shares)
- Listing Date
- 24 September 2024
Current GMP
₹100 (+62.50%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
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 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.
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 per share.
Osel Devices IPO lot size is 800 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
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.
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.
Osel Devices IPO issue size is ₹70.66 crores.
Osel Devices IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.