Osel Devices IPO will open for subscription from 16 September 2024. The company aims for an issue size of ₹70.66 Cr through this IPO.
Company Overview
| Full name | Osel Devices Limited |
| Sector | Healthcare |
| Industry | Medical Equipment/Supplies/Accessories |
| Company Website | https://oseldevices.com/ |
About Company
Osel Devices, which originally operated under the name Innovative Infratech Solutions Private Limited since its founding in 2006, specializes in producing an extensive array of LED display systems and hearing aids. The company manufactures a wide range of LED display systems for commercial use, including major components for advertising media, billboards, corporate boardrooms, presentations, promotional displays, command centers, and front signs. These LED display systems are equipped with a content management system, allowing seamless connection to phones or computers for easy screen display.
Osel Devices also produces hearing aids, often referred to as health aids, designed to assist individuals with disabilities, the elderly, and those with chronic illnesses who experience low hearing levels. Its primary customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company manufactures both digitally programmable and non-programmable hearing aids. Osel Devices’ manufacturing facility in Greater Noida has an annual production capacity of 15,000 square feet of LED displays and 400,000 units of hearing aids. As of 31 March 2024, the company employs 68 staff members.
The Objectives of the Issue
- Prepayment or repayment of certain loans availed by the Company;
- Funding of working capital requirements of the Company; and
- General Corporate Purposes.
Osel Devices IPO Timetable
| IPO Opening date | 16 September 2024 |
| IPO Closing | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation Refund | 23 September 2024 |
| Credit to Demat Account | 23 September 2024 |
| Listing Date | 24 September 2024 |
Osel Devices IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹70.66 Cr – 4,416,000 shares |
| Fresh Issue | ₹70.66 Cr – 4,416,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹155 to ₹160 per share |
| Lot size | 800 Shares |
| Market Maker portion | 221,600 shares |
| Shareholding pre-issue | 11,713,200 |
| Shareholding post-issue | 16,129,200 |
| Listing Exchange | NSE SME |
Osel Devices IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,000 |
| Retail (Max) | 1 | 800 | ₹128,000 |
| HNI (Min) | 2 | 1,600 | ₹256,000 |
Osel Devices Offer Documents
Osel Devices IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 12,57,600 (28.48%) |
| Market Maker Shares Offered | 2,21,600 (5.02%) |
| QIB Shares Offered | 8,38,400 (18.99%) |
| NII (HNI) Shares Offered | 6,29,600 (14.26%) |
| Retail Shares Offered | 14,68,800 (33.26%) |
| Total Shares Offered | 44,16,000 (100%) |
Osel Devices Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 65.25 | 81.89 | 132.23 |
| Expenses | 62.57 | 74.99 | 114.14 |
| Net income | 2.12 | 4.66 | 13.05 |
Osel Devices Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.84 | 4.04 | 11.31 |
| PE ratio | – | – | 13.70 – 14.15 |
| RONW (%) | 27.83 | 37.92 | 51.50 |
| NAV | 6.61 | 10.65 | 21.96 |
| ROCE (%) | 25.13 | 26.91 | 43.17 |
| EBITDA (%) | 7.12 | 10.60 | 17.30 |
| Debt/Equity | 0.71 | 1.93 | 0.90 |
Company Promoters
- Rajendra Ravi Shanker Mishra
- Jyotsna Jawahar
Promoter Holding
| Pre Issue Share Holding | 98.50% |
| Post Issue Share Holding | 71.53% |
Osel Devices Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 23 September 2024 | 110 | – | 65,000 |
| 21 September 2024 | 110 | – | 65,000 |
| 20 September 2024 | 110 | – | 65,000 |
| 19 September 2024 | 110 | – | 65,000 |
| 18 September 2024 | 110 | – | 65,000 |
| 17 September 2024 | 110 | – | 65,000 |
| 16 September 2024 | 110 | – | 65,000 |
| 14 September 2024 | 110 | – | 65,000 |
| 13 September 2024 | 110 | – | 65,000 |
| 12 September 2024 | 90 | – | 57,500 |
| 11 September 2024 | 90 | – | 57,500 |
Osel Devices IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 8,38,400 | 6,29,600 | 14,68,800 | 29,36,800 |
| 19 Sep 2024 | 78.01 | 321.75 | 206.07 | 194.31 |
| 18 Sep 2024 | 0.00 | 41.71 | 84.94 | 51.42 |
| 17 Sep 2024 | 0.00 | 17.95 | 39.93 | 23.82 |
| 16 Sep 2024 | 0.00 | 4.28 | 11.81 | 6.82 |
Osel Devices IPO Allotment Status
Osel Devices IPO allotment status is now available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.
Osel Devices IPO Listing Details
| Listing Date | 24 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Osel Devices IPO Lead Manager(s)
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Osel Devices Offer Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83
Email: ipo@masserv.com
Website: www.masserv.com
Osel Devices Contact Details
OSEL DEVICES LIMITED
Signature Tower, 1st Floor Plot No 3,
Sector Knowledge Park-III, Sector 34,
Gautam Buddha Nagar, Noida – 201 307, UP
Phone: +91 120 635 1600
E-mail: info@oseldevices.com
Website: www.oseldevices.com
Osel Devices IPO FAQs
What is Osel Devices’ offer size?
Osel Devices’ offer size is ₹ 68.45 – 70.66 crores.
What is the Osel Devices IPO price band?
Osel Devices public offer price is ₹ 155 – 160 per share.
What is the lot size of Osel Devices Offer?
Osel Devices offer lot size is 800 shares.
What is Osel Devices IPO GMP today?
Osel Devices IPO GMP today is ₹ 110 per share.
What is the Osel Devices kostak rate today?
Osel Devices kostak rate today is ₹ NA per application.
What is Osel Devices Subject to Sauda rate today?
Osel Devices is Subject to Sauda rate today is ₹ 65,000 per application.
Final thoughts
Osel Devices IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
