Osel Devices IPO Details
SME
Osel Devices IPO opens for subscription on 16 Sep 2024 and closes on 19 Sep 2024. The IPO will be listed on NSE with the tentative listing date set for 24 Sep 2024.
Osel Devices IPO price band has been fixed at ₹155 – ₹160 per share.The face value is ₹10 per share with a lot size of 800.
Osel Devices IPO total issue size comprises 44,16,000 shares (aggregating up to ₹70.66 Cr). This includes a fresh issue of 44,16,000 shares (aggregating up to ₹70.66 Cr). Pre-issue shareholding stands at 1,17,13,200, which will increase to 1,61,29,200 post-issue.
Osel Devices IPO carries a ₹100 (62.5%) GMP, reflecting investor sentiment.
Osel Devices IPO Lot Size : Retail Minimum is 1 lot (800 shares) amounting to ₹128,000. Retail Maximum is 1 lot (800 shares) amounting to ₹128,000. SHNI Minimum is 2 lots (1,600 shares) amounting to ₹256,000.
The Lead Managers for Osel Devices IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Horizon Management Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Osel Devices Limited RHP.
Osel Devices IPO Details
Osel Devices IPO Subscription
Osel Devices IPO Application Wise Breakup
Osel Devices IPO Dates
- 16 Sep 2024Opening dateOpen
- 19 Sep 2024Closing dateClose
- 20 Sep 2024Allotment Date Allotment
- 23 Sep 2024Initiation of RefundsRefund
- 23 Sep 2024Credit of SharesCredit
- 24 Sep 2024Listing dateListing
Osel Devices IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹128,000 |
| Retail Maximum | 1 | 800 | ₹128,000 |
| SHNI Minimum | 2 | 1600 | ₹256,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Osel Devices IPO Reservation
Promoter Holding
Osel Devices IPO Valuations
Osel Devices Financial Information
Osel Devices Limited's revenue increased by 62% and profit after tax (PAT) rose by 180% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Osel Devices IPO
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 presence
- Geographical presence
- Quality assurance and quality control of our products
- Strong, cordial and long-term relationships with customers
- Cost-efficient production and punctual order processing
- Experienced management team
- Customers of the brand
- Service and support after the sale
On March 31, 2024, the company employed 68 employees.
Strength Of Osel Devices IPO
1. One of the leading specialized LED display system and hearing aids manufacturer with long standing market presence.
2. Geographical presence.
3. Quality Assurance and Quality Control of our products.
4. Strong, cordial & long-term relationship with our clients.
5. Cost effective production and timely fulfilment of orders.
6. Well experienced management team.
7. Marque Customers.
8. Post Sale service and support.
Risk Of Osel Devices IPO
1. Its commercial success is largely dependent upon the company ability to develop and design innovative products suitable for the requirements of its customers. The company inability to effectively utilize and manage its ability to develop and design innovative products would impact its business, revenue and profitability.
2. The Company is reliant on the demand from the healthcare industry for a significant portion of its revenue. Any downturn in the healthcare industry or an inability to increase or effectively manage its sales could have an adverse impact on the Company's business and results of operations.
3. The commercial success of its products depends to a large extent on the success of the products of its end use customers. If the demand for the end use products in which its products are used as a raw materials declines, it could have a material adverse effect on its business, financial condition and results of operations.
4. The company depends on a few customers of its products, for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect its business and results of operations.
5. The company generates its major portion of sales from its operations in certain geographical regions. Any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.
6. The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
7. The company has a limited operating history in respect of its products, which may make it difficult for investors to evaluate its business and prospects.
8. A part of the Issue proceeds will be utilized by the Company for repayment or prepayment of loans availed by the Company.
9. The company import majority of its raw materials from China. Any inability to pass on increased price of the key raw materials, used for manufacturing its products may affect the company profitability.
10. The company highly depends on its key raw material and a few key suppliers who help it procure the same. The Company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected.
Objectives Osel Devices IPO
- Prepayment or repayment of certain loans availed by the Company;
- Funding of working capital requirements of the Company; and
- General Corporate Purposes.
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Osel Devices IPO - FAQs
The Osel Devices IPO is a SME public issue comprising 4416000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹70.66 Cr. The issue price has been fixed at ₹160 per equity share, and the minimum application size is 800 shares.
The IPO opens for subscription on 16 Sep 2024, and closes on 19 Sep 2024.
Mas Services Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹100 (62.5%).