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Offer Date | Sep 16 - Sep 19, 2024 |
Offer Price | ₹ 155-160 |
Lot Size | 800 |
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Osel Devices Limited IPO
NSE SME LiveOffer Date: Sep 16, 2024 - Sep 19, 2024
Exp. Premium: 100-110 (62.5%)
₹ 128000 /800 Shares
Apply*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Osel Devices IPO Live Subscription Details
Date
:18-Sep-2024 17:01:20 hrs
QIBs
:0.00
NII
:41.71
Retail
:84.94x
Total
:51.42 times
Osel Devices IPO Details
16 Sep, 2024
Open Date19 Sep, 2024
Close Date20 Sep, 2024
Allotment Date24 Sep, 2024
Listing DateIssue Price
₹155-160 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Mas Services LimitedMarket Lot
800 Shares (₹128,000/-)Lead Manager
Horizon Management Private LimitedIssue Size
4,416,000 shares(aggregating up to ₹70.66 Cr)Retail Portion
35%Subscription
51.42 timesOsel Devices Valuations
EPS Pre IPO
₹11.14/-EPS Post IPO
₹8.09/-P/E Pre IPO
14.36P/E Post IPO
19.77RoNW
51.50%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 | 212.31 |
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.
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.
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.
