Osel Devices IPO vs Sodhani Academy of Fintech Enablers IPO

Comparision between Osel Devices IPO and Sodhani Academy of Fintech Enablers IPO.

IPO Details

Osel Devices IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sodhani Academy of Fintech Enablers IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Osel Devices IPO	Sodhani Academy of Fintech Enablers 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	Cameo Corporate Services Limited
Market Maker	Giriraj Stock Broking Private Limited	Prabhat Financial Services Ltd.
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 Sodhani Academy of Fintech Enablers IPO is up to ₹6.12 Cr. The final issue price of Osel Devices IPO is ₹160.00 per share and of Sodhani Academy of Fintech Enablers IPO is ₹40.00 per share.

	Osel Devices IPO	Sodhani Academy of Fintech Enablers 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	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	3000 shares
Fresh Issue Size	44,16,000 shares	9,70,000 shares
Fresh Issue Size (Amount)	up to ₹70.66 Cr	up to ₹3.88 Cr
OFS Issue Size		5,60,000 shares
OFS Issue Size (Amount)		up to ₹2.24 Cr
Issue Size Total	44,16,000 shares	15,30,000 shares
Issue Size Total (Amount)	up to ₹70.66 Cr	up to ₹6.12 Cr

IPO Timetable

Osel Devices IPO opens on Sep 16, 2024, while Sodhani Academy of Fintech Enablers IPO opens on Sep 12, 2024. The closing date of Osel Devices IPO and Sodhani Academy of Fintech Enablers IPO is Sep 19, 2024, and Sep 17, 2024, respectively.

	Osel Devices IPO	Sodhani Academy of Fintech Enablers IPO
Anchor Bid Date	Sep 13, 2024
Issue Open	Sep 16, 2024	Sep 12, 2024
Issue Close	Sep 19, 2024	Sep 17, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 18, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 19, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 19, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 20, 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 Sodhani Academy of Fintech Enablers IPO P/E ratio of 10.32.

Osel Devices IPO

Sodhani Academy of Fintech Enablers 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

Sodhani Academy of Fintech Enablers Limited Financial Information (Restated)

Sodhani Academy of Fintech Enablers Limited's revenue increased by 51% and profit after tax (PAT) rose by 32% 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	660.04	501.57	363.2
Revenue	306.95	203.45	188.19
Profit After Tax	183.17	138.6	123.91
Net Worth	656.22	476.85	338.25
Reserves and Surplus	183.72	341.85	311.25
Total Borrowing		2.65	4.1
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.50%

99.99%

Promoter Shareholding (Post-Issue)

71.53%

73.12%

P/E Ratio

14.36

10.32

Market Cap

₹258.07 Cr.

₹22.78 Cr.

ROE

34.68%%

27.91%%

ROCE

43.17%%

36.77%%

Debt/Equity

EPS

₹11.14

₹3.88

RoNW

51.50%%

27.91%%

Shares Offered

In the Osel Devices IPO retail investors (RII) are offered 14,68,800 shares while in Sodhani Academy of Fintech Enablers 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 Sodhani Academy of Fintech Enablers IPO.

	Osel Devices IPO	Sodhani Academy of Fintech Enablers IPO
Anchor Investor Reserveration	12,57,600 shares
Market Maker Reserveration	2,21,600 shares	78,000 shares
QIB	8,38,400 shares	0 shares
NII	6,29,600 shares	7,26,000 shares
RII	14,68,800 shares	7,26,000 shares
Employee	0 shares	0 shares
Others
Total	29,36,800 shares	14,52,000 shares

Bids Received (Subscription)

Osel Devices IPO subscribed 194.24x in total, whereas Sodhani Academy of Fintech Enablers IPO subscribed 438.72x.

	Osel Devices IPO	Sodhani Academy of Fintech Enablers IPO
QIB (times)	78.01x
NII (times)	321.40x	511.34x
Big NII (times)
Small NII (times)
RII (times)	206.07x	358.47x
Employee (times)
Other (times)
Total (times)	194.24x	438.72x

Compare with others

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

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