Osel Devices IPO vs Phoenix Overseas IPO

Comparision between Osel Devices IPO and Phoenix Overseas IPO.

IPO Details

Osel Devices IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Phoenix Overseas IPO is a SME Book Built Issue proposed to list at NSE SME.

	Osel Devices IPO	Phoenix Overseas IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Private Limited	Khandwala Securities Limited
Registrar	Mas Services Limited	Cameo Corporate Services Limited
Market Maker	Giriraj Stock Broking Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Osel Devices IPO is up to ₹70.66 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹36.03 Cr. The final issue price of Osel Devices IPO is ₹160.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.

	Osel Devices IPO	Phoenix Overseas IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹155.00 per share	₹61.00 per share
Issue Price (Upper)	₹160.00 per share	₹64.00 per share
Issue Price (Final)	₹160.00 per share	₹64.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	44,16,000 shares	45,80,000 shares
Fresh Issue Size (Amount)	up to ₹70.66 Cr	up to ₹29.31 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹6.72 Cr
Issue Size Total	44,16,000 shares	56,30,000 shares
Issue Size Total (Amount)	up to ₹70.66 Cr	up to ₹36.03 Cr

IPO Timetable

Osel Devices IPO opens on Sep 16, 2024, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of Osel Devices IPO and Phoenix Overseas IPO is Sep 19, 2024, and Sep 24, 2024, respectively.

	Osel Devices IPO	Phoenix Overseas IPO
Anchor Bid Date	Sep 13, 2024
Issue Open	Sep 16, 2024	Sep 20, 2024
Issue Close	Sep 19, 2024	Sep 24, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 25, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 26, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 26, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 27, 2024
Anchor Lockin End date 1	Oct 20, 2024
Anchor Lockin End date 2	Dec 19, 2024

Financials

Osel Devices IPO P/E ratio is 14.36, as compared to Phoenix Overseas IPO P/E ratio of 17.18.

Osel Devices IPO

Phoenix Overseas IPO

Financial

Osel Devices Limited Financial Information (Restated)

Osel Devices Limited's revenue increased by 62% and profit after tax (PAT) rose by 180% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
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
Net Worth	2,534.21	1,229	763
Reserves and Surplus	1,380.39	1,042.9	576.9
Total Borrowing	2,545.23	1,782.29	862.87
Amount in ₹ Lakhs

Phoenix Overseas Limited Financial Information (Restated Standalone)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	13,162.58	14,686.47	9,480.59
Revenue	54,915.1	45,131.61	37,828.19
Profit After Tax	549.93	375.48	391.36
Net Worth	5,012.26	4,570.52	4,246.59
Reserves and Surplus	4,520.06	4,078.32	3,754.39
Total Borrowing	2,937.11	3,447.24	2,981.26
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.50%

99.16%

Promoter Shareholding (Post-Issue)

71.53%

P/E Ratio

14.36

17.18

Market Cap

₹258.07 Cr.

₹123.81 Cr.

ROE

34.68%%

10.74%%

ROCE

43.17%%

15.28%%

Debt/Equity

0.59

EPS

₹11.14

₹3.72

RoNW

51.50%%

10.74%%

Shares Offered

In the Osel Devices IPO retail investors (RII) are offered 14,68,800 shares while in Phoenix Overseas IPO retail investors are offered 14,68,800 shares. Qualified institutional buyers (QIB) are offered 8,38,400 shares in Osel Devices IPO and 8,02,000 shares in Phoenix Overseas IPO.

	Osel Devices IPO	Phoenix Overseas IPO
Anchor Investor Reserveration	12,57,600 shares
Market Maker Reserveration	2,21,600 shares	1,96,000 shares
QIB	8,38,400 shares	8,02,000 shares
NII	6,29,600 shares	23,86,000 shares
RII	14,68,800 shares	22,46,000 shares
Employee	0 shares	0 shares
Others
Total	29,36,800 shares	54,34,000 shares

Bids Received (Subscription)

Osel Devices IPO subscribed 194.24x in total, whereas Phoenix Overseas IPO subscribed 119.22x.

	Osel Devices IPO	Phoenix Overseas IPO
QIB (times)	78.01x	65.74x
NII (times)	321.40x	109.71x
Big NII (times)
Small NII (times)
RII (times)	206.07x	148.43x
Employee (times)
Other (times)
Total (times)	194.24x	119.22x

Compare with others

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Deccan Transcon Leasing IPO	Pelatro IPO
Envirotech Systems IPO	Osel Devices IPO

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