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Osel Devices IPO is a book built issue of Rs 70.66 crores. The issue is entirely a fresh issue of 44.16 lakh shares.
Osel Devices IPO opens for subscription on September 16, 2024 and closes on September 18, 2024. The allotment for the Osel Devices IPO is expected to be finalized on Thursday, September 19, 2024. Osel Devices IPO will list on NSE SME with tentative listing date fixed as Monday, September 23, 2024.
Osel Devices IPO price band is set at ₹155 to ₹160 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹256,000.
Horizon Management Private Limited is the book running lead manager of the Osel Devices IPO, while Mas Services Limited is the registrar for the issue. The market maker for Osel Devices IPO is Giriraj Stock Broking.
Refer to Osel Devices IPO RHP for detailed information.
| IPO Date | September 16, 2024 to September 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹155 to ₹160 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 4,416,000 shares (aggregating up to ₹70.66 Cr) |
| Fresh Issue | 4,416,000 shares (aggregating up to ₹70.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,713,200 |
| Share holding post issue | 16,129,200 |
| Market Maker portion | 221,600 shares Giriraj Stock Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Osel Devices IPO opens on September 16, 2024, and closes on September 18, 2024.
| IPO Open Date | Monday, September 16, 2024 |
| IPO Close Date | Wednesday, September 18, 2024 |
| Basis of Allotment | Thursday, September 19, 2024 |
| Initiation of Refunds | Friday, September 20, 2024 |
| Credit of Shares to Demat | Friday, September 20, 2024 |
| Listing Date | Monday, September 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,000 |
| Retail (Max) | 1 | 800 | ₹128,000 |
| HNI (Min) | 2 | 1,600 | ₹256,000 |
| Lot Size Calculator | |||
Rajendra Ravi Shanker Mishra and Jyotsna Jawahar are the company promoters.
| Share Holding Pre Issue | 98.50% |
| Share Holding Post Issue | 71.53% |
Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, was founded in 2006 and manufactures a comprehensive range of LED display systems and hearing aids.
The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. The company's LED display systems are equipped with a content management system that allows them to be connected to a phone or computer and displayed on screen.
The company also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company's main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company manufactures digitally programmable and non-programmable hearing aids.
Osel’s manufacturing facility in Greater Noida was inaugurated by former Union Minister Shri Pratap Sarangi. The plant has a production capacity of 15,000 square feet of LED display per year and 4,00,000 units of hearing aids per year.
Competitive strengths:
On March 31, 2024, the company employed 68 employees.
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 | ||||||||||||||||||||||||||||||
The market capitalization of Osel Devices IPO is Rs 258.07 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 34.68% |
| ROCE | 43.17% |
| RoNW | 51.50% |
| P/BV | 7.29 |
| PAT Margin (%) | 9.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.14 | 8.09 |
| P/E (x) | 14.36 | 19.77 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Osel Devices Limited
Office No.- 712, Naurang House K.G. Marg,
Connaught Place, Central Delhi,
New Delhi - 110 001
Phone: +91 120 635 1600
Email: info@oseldevices.com
Website: http://www.oseldevices.com/
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
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Check our SME IPO Guide 
Osel Devices IPO is a SME IPO of 4,416,000 equity shares of the face value of ₹10 aggregating up to ₹70.66 Crores. The issue is priced at ₹155 to ₹160 per share. The minimum order quantity is 800 Shares.
The IPO opens on September 16, 2024, and closes on September 18, 2024.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Osel Devices IPO using UPI as a payment gateway. Zerodha customers can apply in Osel Devices IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Osel Devices IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Osel Devices IPO opens on September 16, 2024 and closes on September 18, 2024.
Osel Devices IPO lot size is 800 Shares, and the minimum amount required is ₹128,000.
You can apply in Osel Devices IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Osel Devices IPO will be done on Thursday, September 19, 2024, and the allotted shares will be credited to your demat account by Friday, September 20, 2024. Check the Osel Devices IPO allotment status.
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