Osel Devices Limited IPO

NSE SME

Listed On: Sep 24, 2024 at ₹ 198.5

₹ 128000 /800 Shares

Check Allotment

Osel Devices IPO Details

16 Sep, 2024

Open Date

19 Sep, 2024

Close Date

20 Sep, 2024

Allotment Date

24 Sep, 2024

Listing Date

Issue Price

₹155-160 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Mas Services Limited

List Price

198.5

Listing Date

2024-09-24

Market Lot

800 Shares (₹128,000/-)

Lead Manager

Horizon Management Private Limited

Issue Size

4,416,000 shares(aggregating up to ₹70.66 Cr)

Retail Portion

35%

Subscription

194.31 times

IPO Docs

DRHP RHP

The IPO of Osel Devices is priced at ₹155-160 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Mas Services Limited is the registrar of the issue.

Osel Devices IPO bid opening date is from Sep 16, 2024 and the bid closing date was Sep 19, 2024.
Osel Devices IPO allotment result will be available on Sep 20, 2024. The tentative listing date for Osel Devices is Sep 24, 2024.

The total issue size is 4,416,000 shares(aggregating up to ₹70.66 Cr).

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

Total No. of Applications: 3,78,345 (Approx)

Osel Devices Valuations

EPS Pre IPO

₹11.14/-

EPS Post IPO

₹8.09/-

P/E Pre IPO

14.36

P/E Post IPO

19.77

ROE

34.68%

ROCE

43.17%

RoNW

51.50%

PAT Margin

9.87

Price to Book Value

7.29

Osel Devices Company Financials All values are in ₹ Lakh

	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 The 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)

Pre Issue Share Holding: 98.50%

Post Issue Share Holding: 71.53%

Company Promoter(s)

Rajendra Ravi Shanker Mishra
Jyotsna Jawahar

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.

Other Details

Company Contact Details

Osel Devices

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/

Registrar Contact Details

Mas Services Limited

Phone: (011) 2610 4142

Email: ipo@masserv.com

Website: https://www.masserv.com/opt.asp

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. The size of Osel Devices Limited IPO is 4,416,000 shares(aggregating up to ₹70.66 Cr).

Ans. The IPO price band is set between ₹155-160 per equity share.

Ans. To apply for Osel Devices Limited IPO 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 allotment status for Osel Devices Limited IPO here.