Osel Devices IPO Date, Review, Price, Allotment Details

Osel Devices IPO is opening for subscription on September 16, 2024, and closing on September 19, 2024. This NSE SME IPO aims to raise ₹70.66 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Osel Devices IPO is fixed at ₹155 – ₹160 Per Share, with a market lot of 800 share. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Osel Devices IPO Allotment will done on September 20, 2024, and Osel Devices IPO listing date is September 24, 2024.

 

Osel Devices Company Profile

Founded in August 2006, Osel Devices Limited is a leading technology solutions provider, specializing in innovative products that help individuals, businesses, and communities thrive in a fast-paced digital landscape.

Product Offerings

Osel offers a comprehensive range of LED display systems and cutting-edge hearing aids, including all major components. Their LED display systems are equipped with advanced software and hardware features, including a content management system that allows seamless connectivity to phones or computers. These high-performance systems are produced with the latest technology and strict quality control standards, ensuring excellence and consistency.

In addition to LED displays, Osel manufactures state-of-the-art hearing aids designed to assist individuals with disabilities, the elderly, and those with significant hearing loss. These devices enhance daily living and improve overall quality of life.

Strategic Approach

Osel’s strategy in the LED display and hearing aid sectors is guided by principles of integrity, partnership, and effectiveness. The company prioritizes transparency and compliance, collaborating with urban planners and healthcare professionals to deliver innovative solutions.

 

Osel Devices IPO GMP

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Osel Devices IPO Objectives

The funds raised through the IPO will be utilized for:

1. Repayment of certain loans
2. Funding working capital requirements
3. General corporate purposes

 

Osel Devices IPO Key Details

• Osel Devices IPO Open Date: September 16, 2024
• Osel Devices IPO Close Date: September 19, 2024
• Osel Devices IPO Size: Approximately ₹70.66 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Osel Devices IPO Price Band: ₹155 – ₹160 Per Equity Share
• Osel Devices IPO Listing on: NSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Osel Devices IPO Timeline

• Osel Devices IPO Open Date: September 16, 2024
• Osel Devices IPO Close Date: September 19, 2024
• Basis of Allotment: September 20, 2024
• Refunds: September 23, 2024
• Credit to Demat Account: September 23, 2024
• Osel Devices IPO Listing Date: September 24, 2024

 

How to Apply for Osel Devices IPO

Investors can apply for the Osel Devices IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Osel Devices Financial Performance (in Crores)

• Year 2022: Revenue ₹65.55, Expense ₹62.57, Profit After Tax ₹2.12, Assets ₹33.12
• Year 2023: Revenue ₹81.96, Expense ₹74.99, Profit After Tax ₹4.66, Assets ₹49.02
• Year 2024: Revenue ₹132.69, Expense ₹114.14, Profit After Tax ₹13.05, Assets ₹98.64

 

Osel Devices Valuation FY2024

• Return on Equity (ROE): 34.68%
• Return on Capital Employed (ROCE): 43.17%
• EBITDA Margin: 17.30%
• PAT Margin: 9.87%
• Debt to Equity Ratio: 0.90
• Earnings Per Share (EPS): ₹11.31 (Basic)
• Return on Net Worth (RoNW): 51.50%
• Net Asset Value (NAV): ₹21.96

 

Osel Devices Peer Group

• N/A

 

Osel Devices Company Promoters

• Rajendra Ravi Shanker Mishra
• Jyotsna Jawahar

 

Osel Devices IPO Registrar

Mas Services Limited
T – 34, 2nd Floor
Okhla Industrial Area, Phase – II
New Delhi – 110 020
Website: https://www.masserv.com/opt.asp
Phone: (011) 2610 4142
Email: ipo@masserv.com

Osel Devices IPO Allotment Status Check

• Check the Osel Devices IPO allotment status on the Mas Serviceswebsite.

 

Osel Devices IPO Allotment Link

• Check the Osel Devices IPO allotment on the Check Ipo Allotment website.

 

Osel Devices IPO Lead Managers (Merchant Bankers)

• Horizon Management Private Limited

Osel Devices Company Address

Office No.- 712, Naurang House K.G. Marg,
Connaught Place, Central Delhi,
New Delhi ,Delhi -110 001 India
Website: http://www.oseldevices.com/
Phone: +91 120 635 1600
Email: info@oseldevices.com

Osel Devices IPO FAQs

What is Osel Devices IPO?

Osel Devices IPO is an NSE SME IPO. They are going to raise ₹70.66 Crores via IPO. The issue is priced at ₹155 – ₹160 Per equity share. The IPO is to be listed on NSE.

 

When will the Osel Devices IPO open?

The IPO is to open on September 16, 2024, for NII, and Retail Investors.

 

What is Osel Devices IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Osel Devices IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Osel Devices IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Osel Devices IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Osel Devices IPO Size?

Osel Devices IPO size is ₹70.66 Crores.

 

What is Osel Devices IPO Price Band?

Osel Devices IPO Price Band is ₹155 – ₹160 Per equity share.

 

What is Osel Devices IPO Minimum and Maximum Lot Size?

The IPO bid is 800 share with ₹128,000.

 

What is Osel Devices IPO Allotment Date?

Osel Devices IPO allotment date is September 20, 2024.

 

What is Osel Devices IPO Listing Date?

Osel Devices IPO listing date is September 24, 2024. The IPO to list on NSE SME IPO.