Osel Devices IPO GMP, Review, Price, Allotment

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Last updated on September 24, 2024

Osel Devices IPO GMP

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.

Osel Devices IPO Allotment Status

Promoters of Osel Devices – Rajendra Ravi Shanker Mishra, and Jyotsna Jawahar


Osel Devices IPO Details

Osel Devices IPO Dates16 – 19 September 2024
Osel Devices Issue PriceINR 155 – 160 per share
Fresh issue44,16,000 shares (INR 68.45 – 70.66 crore)
Offer For SaleNIL
Total IPO size44,16,000 shares (INR 68.45 – 70.66 crore)
Minimum bid (lot size)800 shares (INR 1,28,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE EMERGE

Osel Devices Financial Performance

 FY 2022FY 2023FY 2024
Revenue65.2581.89132.23
Expenses62.5774.99114.14
Net income2.124.6613.05
Figures in INR Crores unless specified otherwise

Osel Devices Offer News


Osel Devices Valuations & Margins

FY 2022FY 2023FY 2024
EPS1.844.0411.31
PE ratio––13.70 – 14.15
RONW (%)27.8337.9251.50
NAV6.6110.6521.96
ROCE (%)25.1326.9143.17
EBITDA (%)7.1210.6017.30
Debt/Equity 0.711.930.90
*Compiled by IPO Central from Prospectus

Osel Devices IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
23 September 2024110–65,000
21 September 2024110–65,000
20 September 2024110–65,000
19 September 2024110–65,000
18 September 2024110–65,000
17 September 2024110–65,000
16 September 2024110–65,000
14 September 2024110–65,000
13 September 2024110–65,000
12 September 202490–57,500
11 September 202490–57,500

Osel Devices IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered8,38,4006,29,60014,68,80029,36,800
19 Sep 202478.01321.75206.07194.31
18 Sep 20240.0041.7184.9451.42
17 Sep 20240.0017.9539.9323.82
16 Sep 20240.004.2811.816.82

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 Date16 September 2024
IPO Closing Date19 September 2024
Finalization of Basis of Allotment20 September 2024
Initiation of refunds23 September 2024
Transfer of shares to demat accounts23 September 2024
IPO Listing Date24 September 2024
Opening Price on NSE SMEINR 198.05 per share (up 23.78%)
Closing Price on NSE SMEINR 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: +91 33 4600 0607
Email: [email protected]
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: [email protected]
Website: 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.

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