Osel Devices IPO description – 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.
Promoters of Osel Devices – Rajendra Ravi Shanker Mishra, and Jyotsna Jawahar
Table of Contents
Osel Devices IPO Details
| Osel Devices IPO Dates | 16 – 19 September 2024 |
| Osel Devices Issue Price | INR 155 – 160 per share |
| Fresh issue | 44,16,000 shares (INR 68.45 – 70.66 crore) |
| Offer For Sale | NIL |
| Total IPO size | 44,16,000 shares (INR 68.45 – 70.66 crore) |
| Minimum bid (lot size) | 800 shares (INR 1,28,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Osel Devices Financial Performance
| Â | 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 Offer News
- Osel Devices RHP
- Osel Devices Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
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 |
Osel Devices IPO GMP Today
| 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 – Live Updates
| 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 |
The market maker reservation portion of 2,21,600 shares and anchor allocation 12,57,600 shares are not included in the above calculations.
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 Dates & Listing Performance
| IPO Opening Date | 16 September 2024 |
| IPO Closing Date | 19 September 2024 |
| Finalization of Basis of Allotment | 20 September 2024 |
| Initiation of refunds | 23 September 2024 |
| Transfer of shares to demat accounts | 23 September 2024 |
| IPO Listing Date | 24 September 2024 |
| Opening Price on NSE SME | INR 198.05 per share (up 23.78%) |
| Closing Price on NSE SME | INR 207.95 per share (up 29.97%) |
Osel Devices Offer Lead Manager
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone:Â +91 33 4600 0607
Email:Â [email protected]
Website:Â www.horizonmanagement.in
Osel Devices Offer Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone:Â +91 112 638 7281/83
Email:Â [email protected]
Website:Â www.masserv.com
Osel Devices Issue 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: [email protected]
Website: www.oseldevices.com
IPO FAQs
What is Osel Devices’ offer size?
Osel Devices’ offer size is INR 68.45 – 70.66 crores.
What is the Osel Devices IPO price band?
Osel Devices public offer price is INR 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 INR 110 per share.
What is the Osel Devices kostak rate today?
Osel Devices kostak rate today is INR NA per application.
What is Osel Devices Subject to Sauda rate today?
Osel Devices is Subject to Sauda rate today is INR 65,000 per application.
