Osel Devices’ IPO is set to open on September 16, 2024, and will close on September 18, 2024. Notably, this IPO is a Book Built Issue, through which the company aims to raise approximately ₹70.66 crores. This amount includes a fresh issue of ₹70.66 crores, along with an offer for the sale of [.] equity shares, each having a face value of ₹10.
Table of contents
- Osel Devices IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Osel Devices IPO GMP (Grey Market Premium)
- Osel Devices IPO Application Form PDF
- Osel Devices IPO Subscription Status
- Osel Devices IPO Allotment Status
- IPO Review
- Osel Devices IPO Registrar
- Osel Devices IPO Lead Manager
- Osel Devices Limited Contact
- FAQs
Osel Devices IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Osel Devices Limited |
| Industry | Digital Screen and Hearing Aid |
| IPO Issue Type | Book Built Issue |
| Open Date | September 16, 2024 |
| Close Date | September 18, 2024 |
| Total Issue Size | ₹70.66 Crores (4,416,000 Equity Shares) |
| Fresh Issue | ₹70.66 Crores (4,416,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹155 to ₹160 Per Share |
| Listing on | NSE SME |
| Lot Size | 800 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited and established in 2006, specializes in manufacturing LED display screens and hearing aids. The company offers a wide range of LED display systems, complete with both software and hardware capabilities, and their hearing aids, recognized as assisted healthcare devices, include Digital Programmable and Non-Programmable models. A major client for their hearing aids is the Artificial Limbs Manufacturing Corporation of India.
The company operates its manufacturing and assembly setup in Greater Noida, Uttar Pradesh. Notably, their facility boasts an annual production capacity of 15,000 square feet of LED displays and 400,000 hearing aids. Additionally, Osel Devices holds a Certification Marks Licence from the Bureau of Indian Standards, allowing them to use the ‘Standard Mark’ for “Behind the Ear (BTE) Hearing Aids – Digital” and “Visual Display Units.”
Furthermore, Osel Devices produces a comprehensive array of LED display systems for various commercial applications, including advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. Their LED display systems are equipped with a content management system, enabling connection to phones or computers for seamless display.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 16, 2024 |
| IPO Close Date | September 18, 2024 |
| Basis of Allotment | September 19, 2024 |
| Refunds | September 20, 2024 |
| Credit to Demat Account | September 20, 2024 |
| IPO Listing Date | September 23, 2024 |
Financials (₹ in Lakhs)
| 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 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,000 |
| Retail (Max) | 1 | 800 | ₹128,000 |
| HNI (Min) | 2 | 1600 | ₹256,000 |
The objective of the Issue
- Firstly, they will be allocated for the prepayment or repayment of certain loans availed by the company.
- Additionally, the funds will support the company’s working capital requirements.
- Lastly, they will be utilized for general corporate purposes.
Company Promoters
- Mr. Rajendra Ravi Shanker Mishra
- Mrs. Jyotsna Jawahar
Osel Devices IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Osel Devices IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Osel Devices Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Osel Devices IPO Application Form PDF
To download the Osel Devices IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Osel Devices IPO Subscription Status
This IPO subscription kicks off on September 16, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Osel Devices IPO Allotment Status
To check the Osel Devices IPO allotment status go to the IPO registrar website Mas Service or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company is a manufacturer of LED display systems and hearing aids with a long-standing market presence. Additionally, it has established a solid geographical presence.
- Quality assurance and quality control are integral to the company’s operations, ensuring high standards for its products.
- Furthermore, the company maintains strong, cordial, and long-term relationships with its customers.
- Moreover, it benefits from cost-efficient production processes and punctual order processing.
- The experienced management team is another key asset, driving the company’s success.
- Additionally, the brand enjoys a diverse customer base and provides excellent service and support after the sale.
Risks:
- However, the company has a limited product range compared to larger competitors.
- Additionally, it relies heavily on specific sectors for revenue, which could impact its financial stability.
Osel Devices IPO 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 IPO Lead Manager
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 Limited Contact
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
FAQs
The Osel Device’s IPO is a book-built issue valued at ₹70.66 crores. Specifically, this upcoming IPO involves an entirely fresh issue of 44.16 lakh equity shares. Furthermore, the allotment for this new IPO is expected to be finalized on Thursday, September 19, 2024.
Horizon Management Private Limited has been appointed as the book-running lead manager for this IPO.
Mas Services Limited will act as the registrar for Osel Devices Limited, overseeing the administrative aspects of the IPO.
The price band for the Osel Devices IPO is between ₹155 and ₹160.
The minimum bid size for the IPO is 800 shares, requiring an amount of ₹128,000.
For the latest news on Upcoming IPOs and IPO GMP, follow IPOGMP.IN. Additionally, connect with us on Twitter, Facebook, and Instagram.
