Osel Devices IPO vs Popular Foundations IPO

Comparision between Osel Devices IPO and Popular Foundations IPO.

IPO Details

Osel Devices IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Popular Foundations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Osel Devices IPO	Popular Foundations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Horizon Management Private Limited	Srujan Alpha Capital Advisors Llp
Registrar	Mas Services Limited	Bigshare Services Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Spread X Securities Private 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 Popular Foundations IPO is up to ₹19.87 Cr. The final issue price of Osel Devices IPO is ₹160.00 per share and of Popular Foundations IPO is ₹37.00 per share.

	Osel Devices IPO	Popular Foundations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹155.00 per share
Issue Price (Upper)	₹160.00 per share
Issue Price (Final)	₹160.00 per share	₹37.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	3000 shares
Fresh Issue Size	44,16,000 shares	53,70,000 shares
Fresh Issue Size (Amount)	up to ₹70.66 Cr	up to ₹19.87 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	44,16,000 shares	53,70,000 shares
Issue Size Total (Amount)	up to ₹70.66 Cr	up to ₹19.87 Cr

IPO Timetable

Osel Devices IPO opens on Sep 16, 2024, while Popular Foundations IPO opens on Sep 13, 2024. The closing date of Osel Devices IPO and Popular Foundations IPO is Sep 19, 2024, and Sep 19, 2024, respectively.

	Osel Devices IPO	Popular Foundations IPO
Anchor Bid Date	Sep 13, 2024
Issue Open	Sep 16, 2024	Sep 13, 2024
Issue Close	Sep 19, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 24, 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 Popular Foundations IPO P/E ratio of 15.97.

Osel Devices IPO

Popular Foundations 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

Popular Foundations Limited Financial Information (Restated)

Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% 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	6,354.87	4,864.7	4,929.49
Revenue	5,191	4,866.89	2,630.17
Profit After Tax	347.76	119.61	48.08
Net Worth	2,313.11	1,483.69	1,384.08
Reserves and Surplus	812.31	1,383.69	1,284.08
Total Borrowing	1,578.4	1,753.99	1,835.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.50%

83.36%

Promoter Shareholding (Post-Issue)

71.53%

61.39%

P/E Ratio

14.36

15.97

Market Cap

₹258.07 Cr.

₹75.40 Cr.

ROE

34.68%%

23.17%%

ROCE

43.17%%

22.77%%

Debt/Equity

EPS

₹11.14

₹2.32

RoNW

51.50%%

15.03%%

Shares Offered

In the Osel Devices IPO retail investors (RII) are offered 14,68,800 shares while in Popular Foundations IPO retail investors are offered 14,68,800 shares. Qualified institutional buyers (QIB) are offered 8,38,400 shares in Osel Devices IPO and 0 shares in Popular Foundations IPO.

	Osel Devices IPO	Popular Foundations IPO
Anchor Investor Reserveration	12,57,600 shares
Market Maker Reserveration	2,21,600 shares	2,70,000 shares
QIB	8,38,400 shares	0 shares
NII	6,29,600 shares	25,50,000 shares
RII	14,68,800 shares	25,50,000 shares
Employee	0 shares	0 shares
Others
Total	29,36,800 shares	51,00,001 shares

Bids Received (Subscription)

Osel Devices IPO subscribed 194.24x in total, whereas Popular Foundations IPO subscribed 9.21x.

	Osel Devices IPO	Popular Foundations IPO
QIB (times)	78.01x
NII (times)	321.40x	3.54x
Big NII (times)
Small NII (times)
RII (times)	206.07x	14.89x
Employee (times)
Other (times)
Total (times)	194.24x	9.21x

Compare with others

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

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