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

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 .

	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
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 19, 2024. The closing date of Osel Devices IPO and Phoenix Overseas IPO is Sep 19, 2024, and Sep 23, 2024, respectively.

	Osel Devices IPO	Phoenix Overseas IPO
Anchor Bid Date	Sep 13, 2024
Issue Open	Sep 16, 2024	Sep 19, 2024
Issue Close	Sep 19, 2024	Sep 23, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 24, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 25, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 25, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 26, 2024
Anchor Lockin End date 1	Oct 19, 2024
Anchor Lockin End date 2	Dec 18, 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 Consolidated)

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 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
NII	6,29,600 shares
RII	14,68,800 shares
Employee	0 shares
Others
Total	29,36,800 shares

Bids Received (Subscription)

Osel Devices IPO subscribed 23.52x in total, whereas Phoenix Overseas IPO subscribed .

	Osel Devices IPO	Phoenix Overseas IPO
QIB (times)	0.00x
NII (times)	17.48x
Big NII (times)
Small NII (times)
RII (times)	39.54x
Employee (times)
Other (times)
Total (times)	23.52x

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