Osel Devices IPO vs Paramount Speciality Forgings IPO

Comparision between Osel Devices IPO and Paramount Speciality Forgings IPO.

IPO Details

Osel Devices IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Paramount Speciality Forgings IPO is a SME Book Built Issue proposed to list at NSE SME.

	Osel Devices IPO	Paramount Speciality Forgings 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	Swaraj shares and securities private limited
Registrar	Mas Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Shreni Shares Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	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 Paramount Speciality Forgings IPO is up to ₹32.34 Cr. The final issue price of Osel Devices IPO is ₹160.00 per share and of Paramount Speciality Forgings IPO is ₹59.00 per share.

	Osel Devices IPO	Paramount Speciality Forgings IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹155.00 per share	₹57.00 per share
Issue Price (Upper)	₹160.00 per share	₹59.00 per share
Issue Price (Final)	₹160.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	44,16,000 shares	48,02,000 shares
Fresh Issue Size (Amount)	up to ₹70.66 Cr	up to ₹28.33 Cr
OFS Issue Size		6,80,000 shares
OFS Issue Size (Amount)		up to ₹4.01 Cr
Issue Size Total	44,16,000 shares	54,82,000 shares
Issue Size Total (Amount)	up to ₹70.66 Cr	up to ₹32.34 Cr

IPO Timetable

Osel Devices IPO opens on Sep 16, 2024, while Paramount Speciality Forgings IPO opens on Sep 17, 2024. The closing date of Osel Devices IPO and Paramount Speciality Forgings IPO is Sep 19, 2024, and Sep 20, 2024, respectively.

	Osel Devices IPO	Paramount Speciality Forgings IPO
Anchor Bid Date	Sep 13, 2024	Sep 16, 2024
Issue Open	Sep 16, 2024	Sep 17, 2024
Issue Close	Sep 19, 2024	Sep 20, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 23, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 24, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 24, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 25, 2024
Anchor Lockin End date 1	Oct 20, 2024	Oct 22, 2024
Anchor Lockin End date 2	Dec 19, 2024	Dec 21, 2024

Financials

Osel Devices IPO P/E ratio is 14.36, as compared to Paramount Speciality Forgings IPO P/E ratio of 12.1.

Osel Devices IPO

Paramount Speciality Forgings 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

Paramount Speciality Forgings Limited Financial Information (Restated)

Paramount Speciality Forgings Limited's revenue increased by 1% and profit after tax (PAT) rose by 163% 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	8,179.18	7,223.87	5,450.48
Revenue	11,363.62	11,224.1	9,243.16
Profit After Tax	725.36	275.84	313.44
Net Worth	2,291.49	1,566.14	1,970.49
Reserves and Surplus	803.49	1,565.14	1,969.49
Total Borrowing	2,492.82	2,027.65	1,176.93
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.50%

100.00%

Promoter Shareholding (Post-Issue)

71.53%

72.15%

P/E Ratio

14.36

12.1

Market Cap

₹258.07 Cr.

₹116.12 Cr.

ROE

34.68%%

32%%

ROCE

43.17%%

40%%

Debt/Equity

1.09

EPS

₹11.14

₹4.87

RoNW

51.50%%

31.65%%

Shares Offered

In the Osel Devices IPO retail investors (RII) are offered 14,68,800 shares while in Paramount Speciality Forgings IPO retail investors are offered 14,68,800 shares. Qualified institutional buyers (QIB) are offered 8,38,400 shares in Osel Devices IPO and 10,40,000 shares in Paramount Speciality Forgings IPO.

	Osel Devices IPO	Paramount Speciality Forgings IPO
Anchor Investor Reserveration	12,57,600 shares	15,60,000 shares
Market Maker Reserveration	2,21,600 shares	2,76,000 shares
QIB	8,38,400 shares	10,40,000 shares
NII	6,29,600 shares	7,82,000 shares
RII	14,68,800 shares	18,24,000 shares
Employee	0 shares	0 shares
Others
Total	29,36,800 shares	36,46,000 shares

Bids Received (Subscription)

Osel Devices IPO subscribed 194.24x in total, whereas Paramount Speciality Forgings IPO subscribed 73.88x.

	Osel Devices IPO	Paramount Speciality Forgings IPO
QIB (times)	78.01x	20.88x
NII (times)	321.40x	220.24x
Big NII (times)
Small NII (times)
RII (times)	206.07x	41.35x
Employee (times)
Other (times)
Total (times)	194.24x	73.88x

Compare with others

Osel Devices IPO	Paramount Speciality Forgings IPO
Phoenix Overseas IPO	WOL 3D IPO
WOL 3D IPO	SD Retail IPO
SD Retail IPO	BikeWo GreenTech IPO
BikeWo GreenTech IPO	Pelatro IPO
Pelatro IPO	Osel Devices IPO
Paramount Speciality Forgings IPO	Popular Foundations IPO
Popular Foundations IPO	Sodhani Academy of Fintech Enablers IPO
Sodhani Academy of Fintech Enablers IPO	Deccan Transcon Leasing IPO
Deccan Transcon Leasing IPO	Envirotech Systems IPO
Envirotech Systems IPO	Trafiksol ITS Technologies IPO

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