The Osel Devices IPO is set to open on September 16, 2024, and close on September 18, 2024. This Book Built Issue aims to raise approximately ₹70.66 crores, consisting of a fresh issue of ₹70.66 crores along with an offer for sale of equity shares, each with a face value of ₹10.
The IPO price band has been set between ₹155 and ₹160 per share. The allocation of shares is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). Osel Devices is expected to debut on the NSE on September 23, 2024, with allotment taking place on September 19, 2024.
In its latest financial performance for 2024, Osel Devices reported revenue of ₹132.69 crores, a significant increase from ₹81.96 crores in 2023. Additionally, the company saw its profit rise to ₹13.05 crores in 2024, up from ₹4.66 crores the previous year. With these strong financials, the IPO may be an attractive option for long-term investors.
Osel Devices IPO Objectives:
The company intends to use the net proceeds from the IPO for the following purposes:
Prepayment or repayment of specific loans taken by the company.
Funding the company’s working capital requirements.
General corporate purposes.
Osel Devices IPO Review (Should You Apply?):
Review update coming soon.
Osel Devices IPO Dates & Price Band Information:
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 18, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹155 to ₹160 Per Share |
| Issue Size: | Approx ₹70.66 Crores |
| Fresh Issue: | Approx ₹70.66 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
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Osel Devices IPO Lot Size:
The minimum lot size for the Osel Devices IPO is 800 shares, requiring an application amount of ₹128,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹ 1,28,000 |
| Retail Maximum | 1 | 800 | ₹ 1,28,000 |
| HNI Minimum | 2 | 1600 | ₹ 2,56,000 |
Osel Devices IPO Timeline:
The Osel Devices IPO will open on September 16 and close on September 18. Allotment results are expected to be finalized by September 19, with the listing anticipated on September 23.
| 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 |
Osel Devices IPO GMP Today:
The Grey Market Premium (GMP) for the Osel Devices SME IPO is ₹100. With a price band set at ₹160.00, the estimated listing price is ₹260 per share (including today’s GMP). This suggests an expected gain of 62.50% per share.
Osel Devices IPO Promoters:
The company is promoted by Rajendra Ravi Shanker Mishra and Jyotsna Jawahar.
About Osel Devices:
Osel Devices Limited specializes in manufacturing LED display screens and hearing aids. Their product portfolio includes LED display systems integrated with cutting-edge hardware and software, along with a range of hearing aids designed as assisted healthcare devices. Notably, one of their key clients for hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company produces both Digital Programmable and Non-Programmable Hearing Aids.
Osel Devices operates a manufacturing and assembly facility located in Greater Noida, Uttar Pradesh. This facility has an annual production capacity of 15,000 square feet for LED displays and 400,000 units for hearing aids. The company 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.”
Financial Report:
In 2024, Osel Devices reported a revenue of ₹132.69 crores, a significant increase from ₹81.96 crores in 2023. Profits also rose to ₹13.05 crores in 2024, up from ₹4.66 crores in 2023.
(All amounts are in ₹ crores.)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 65.55 | ₹ 62.57 | ₹ 2.12 | ₹ 33.12 |
| 2023 | ₹ 81.96 | ₹ 74.99 | ₹ 4.66 | ₹ 49.02 |
| 2024 | ₹ 132.69 | ₹ 114.14 | ₹ 13.05 | ₹ 98.64 |
Osel Devices IPO Valuation – FY2024
Review the valuation details of the Osel Devices IPO, including key metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | Values |
| ROE: | 34.68% |
| ROCE: | 43.17% |
| EBITDA Margin: | 17.30% |
| PAT Margin: | 9.87% |
| Debt to equity ratio: | 0.9 |
| Earning Per Share (EPS): | ₹11.31 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 51.50% |
| Net Asset Value (NAV): | ₹ 21.96 |
Osel Devices IPO Registrar
- Mas Services Limited
- Phone: (011) 2610 4142
- Email: ipo@masserv.com
- Website: https://www.masserv.com/opt.asp
IPO Lead Managers aka Merchant Bankers
Horizon Management Private Limited
Company Address
- Osel Devices Limited
- Office No.- 712, Naurang House K.G. Marg,
- Connaught Place, Central Delhi,
- New Delhi – 110 001
- Phone: +91 120 635 1600
- Email: info@oseldevices.com
- Website: http://www.oseldevices.com/
Osel Devices IPO FAQs
What is the Osel Devices IPO?
Osel Devices IPO is an SME IPO through which the company aims to raise ₹70.66 crores. The issue is priced between ₹155 and ₹160 per equity share and will be listed on the NSE SME platform.
When will the Osel Devices IPO open for subscription?
The IPO will open on September 16, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. It will close on September 19, 2024.
What is the allocation portion for Osel Devices IPO investors?
The allocation for QIBs is 50%, for NIIs 15%, and for retail investors 35%.
How can I apply for the Osel Devices IPO?
You can apply for the Osel Devices IPO online via ASBA through your bank account, or through UPI via your stockbroker’s platform. You can also apply offline by filling out a form through your stockbroker.
What is the issue size of the Osel Devices IPO?
The issue size for the Osel Devices IPO is ₹70.66 crores.
What is the price band for the Osel Devices IPO?
The price band for the Osel Devices IPO is set between ₹155 and ₹160 per share.
What is the lot size for the Osel Devices IPO?
The minimum lot size is 800 shares, requiring an investment of ₹128,000.
