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Osel Devices Ltd.

Osel Devices Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹160
₹160
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹160
Based on GMP
Min. Investment
₹128,000
1 lot × 800 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
16 Sep 2024
Close Date
19 Sep 2024
Allotment
20 Sep 2024
Listing Date
24 Sep 2024
Exchange
NSE SME
Price Band
₹160
Listing Price
See chart
Allotment Status
Price Band
₹160
Per share
Face Value
₹10 per share
 
Lot Size
800 Shares
per lot
Issue Size
44,16,000 shares (aggregating up to ₹70.66 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹128,000
1 lot
Pre-IPO Holding
1,17,13,200 shares
Promoters
Post-IPO Holding
1,61,29,200 shares
Promoters
P/E (Pre)
14.36x
 
P/E (Post)
19.77x
 
EPS (Pre)
₹11.14
 
EPS (Post)
₹8.09
 
UPI Deadline
2024-09-19
Mandate
Anchor AllotmentSun, 15 Sep 2024
Basis of AllotmentFri, 20 Sep 2024
Refund InitiationMon, 23 Sep 2024
Demat CreditMon, 23 Sep 2024
Listing DayTue, 24 Sep 2024
UPI Mandate Deadline2024-09-19
Sale TypeFresh Capital
Net Offer to Public41,94,400 shares (aggregating up to ₹67.11 Cr)
Market Maker Quota2,21,600 shares (aggregating up to ₹3.55 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Osel Devices Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 19 Sep 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
221,600
₹3.55
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
4,416,000
100% ₹70.66
IPO Shares Offered
Osel Devices Ltd. IPO total issue size: ₹70.66 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 221,600 ₹3.55
5.02%
Total 4,416,000 ₹70.66
100.00%
* Based on upper price band ₹160 per share
Lot Size & Investment
Lot Size
800
Shares per Lot
Issue Price
₹160.00
Upper Band
Min Investment
₹128,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)21,600₹256,000
Retail (Max — 13 Lots)1310,400₹1,664,000
S-HNI (Min — 14 Lots)1411,200₹1,792,000
B-HNI (Min — 68 Lots)6854,400₹8,704,000
* Issue Price ₹160 × Lot Size 800 shares
IPO Schedule
Anchor
15 Sep 2024
✓ Done
IPO Open
16 Sep 2024
✓ Done
IPO Close
19 Sep 2024
✓ Done
Allotment
20 Sep 2024
✓ Done
Refunds
23 Sep 2024
✓ Done
Demat Credit
23 Sep 2024
✓ Done
Listing Day
24 Sep 2024
✓ Done
Osel Devices Ltd. — Live Price LIVE
₹160.00
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Issue ₹160.00 Live Price
About Osel Devices Ltd.
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:Manufacturer of LED display systems and hearing aids with a long-standing market presenceGeographical presenceQuality assurance and quality control of our productsStrong, cordial and long-term relationships with customersCost-efficient production and punctual order processingExperienced management teamCustomers of the brandService and support after the saleOn March 31, 2024, the company employed 68 employees.
Objects of the Issue
1
Prepayment or repayment of certain loans availed by the Company;
2
Funding of working capital requirements of the Company; and
3
General Corporate Purposes.
Osel Devices Ltd. Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹6,555.5
31 Mar 2022
₹8,195.6
31 Mar 2023
₹13,268.5
31 Mar 2024
Profit After Tax (PAT)
₹212.3
31 Mar 2022
₹466.0
31 Mar 2023
₹1,305.2
31 Mar 2024
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 13268.52 8195.58 6555.49
EBITDA N/A N/A N/A
Profit After Tax (PAT) 1305.21 466.00 212.31
Net Worth 2534.21 1229.00 763.00
Total Assets 9864.20 4902.09 3312.17
Reserves & Surplus 1380.39 1042.90 576.90
Borrowings 2545.23 1782.29 862.87
EBITDA Margin (%) N/A
PAT Margin (%) 9.87%
P/BV Ratio
7.29
RoE
34.68%
RoCE
43.17%
RoNW
51.50%
PAT Margin
9.87%
Issue Structure & Shareholding
Total Shares Offered44,16,000 (100.00%)
Net Offer to Public41,94,400 shares (aggregating up to ₹67.11 Cr)
Reserved for Market Maker2,21,600 shares (aggregating up to ₹3.55 Cr)
Pre-Issue Promoter Holding1,17,13,200 shares
Post-Issue Promoter Holding1,61,29,200 shares
P/BV Ratio7.29
RoE34.68%
RoCE43.17%
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Horizon Management Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Osel Devices Ltd. IPO subscribed?

Osel Devices Ltd. IPO is subscribed 1.00 times by Sep 19, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Osel Devices Ltd. IPO retail subscription status?

The Osel Devices Ltd. IPO retail category is subscribed 1.00 times as of 19 Sep 2024. The retail portion is oversubscribed.

How to subscribe Osel Devices Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 16 Sep 2024 and closes 19 Sep 2024. Min investment: ₹128,000 (1 lot = 800 shares). UPI mandate: 2024-09-19.

How many times Osel Devices Ltd. IPO subscribed?

The Osel Devices Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Osel Devices Ltd. IPO allotment?

Check allotment on the registrar website (MAS Services Ltd) at https://www.masserv.com/opt.asp. Enter your PAN, application number or DP/Client ID. Allotment date: 20 Sep 2024. Refunds: on 23 Sep 2024.

When Osel Devices Ltd. IPO will be listed?

The Osel Devices Ltd. IPO listing date is 24 Sep 2024, Tuesday. Listed on: NSE SME. Issue price: ₹160. Estimated listing: ₹160. GMP: NIL.

When Osel Devices Ltd. IPO close?

The Osel Devices Ltd. IPO closes on 19 Sep 2024, Thursday. UPI mandate: 2024-09-19. Allotment: 20 Sep 2024. Listing: 24 Sep 2024.