Osel Devices IPO Details: The Osel Devices IPO is scheduled to open on September 16, 2024, and will close on September 18, 2024. This Book Built Issue aims to raise approximately ₹70.66 crores, including a fresh issue of ₹70.66 crores and an offer for sale of equity shares, each with a face value of ₹10.
The IPO price band is set between ₹155 and ₹160 per share. The allocation will be 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). Osel Devices is expected to be listed on the NSE on September 23, 2024, with the allotment date slated for September 19, 2024.
In its latest financial report, Osel Devices reported revenue of ₹132.69 crores for 2024, up from ₹81.96 crores in 2023. The company also saw a significant increase in profit, reaching ₹13.05 crores in 2024 compared to ₹4.66 crores the previous year. Given these promising financials, long-term investors may find the IPO appealing.
Osel Devices IPO Objectives:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Prepayment or repayment of certain loans availed by the Company;
- Funding of working capital requirements of the Company; and
- General Corporate Purposes.
Osel Devices IPO Review (Apply or Not)
- Update soon
Osel Devices IPO Date & Price Band Details:
| 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% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Osel Devices IPO Lot Size:
The minimum market lot for the Osel Devices IPO is set at 800 shares, with an application amount of ₹128,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹128,000 |
| Retail Maximum | 1 | 800 | ₹128,000 |
| HNI Minimum | 2 | 1600 | ₹256,000 |
Osel Devices IPO Timeline:
The Osel Devices IPO will open on September 16 and close on September 18. Allotment results are scheduled to be finalized on September 19, with the listing expected to take place 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. Given the price band of ₹160.00, the estimated listing price for the IPO is ₹260 (comprising the cap price plus today’s GMP). This translates to an expected percentage gain of 62.50% per share.
Promoters of Osel Devices IPO
The company is led by promoters Rajendra Ravi Shanker Mishra and Jyotsna Jawahar.
About Osel Devices
Osel Devices Limited specializes in manufacturing LED display screens and hearing aids. Their product range includes LED display systems equipped with advanced software and hardware, as well as hearing aids designed as assisted healthcare devices. A key customer for their hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company produces both Digital Programmable and Non-Programmable Hearing Aids.
Osel Devices operates its manufacturing and assembly facility in Greater Noida, Uttar Pradesh. This facility boasts 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
The company reported revenue of ₹132.69 crores in 2024 against ₹81.96 crores in 2023. The company reported a profit of ₹13.05 crores in 2024 against a profit of ₹4.66 crores in 2023.
Amount ₹ 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
Check Osel Devices IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 34.68% |
| ROCE: | 43.17% |
| EBITDA Margin: | 17.30% |
| PAT Margin: | 9.87% |
| Debt to equity ratio: | 0.90 |
| 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 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
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
1. What are the key dates for the Osel Devices IPO?
- Opening Date: September 16, 2024
- Closing Date: September 18, 2024
- Allotment Date: September 19, 2024
- Listing Date: September 23, 2024
2. What is the price band for the Osel Devices IPO?
- The price band for the IPO is ₹155 to ₹160 per share.
3. What is the minimum lot size for the Osel Devices IPO?
- The minimum market lot is 800 shares, with an application amount of ₹128,000.
4. What is the Grey Market Premium (GMP) for the Osel Devices IPO?
- As of September 11, 2024, the GMP is ₹100. With the IPO price band of ₹160.00, the estimated listing price is ₹260 per share, reflecting an expected gain of 62.50%.
5. What are the allotment and subscription quotas for the IPO?
- Retail Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-Worth Individuals (HNI): 15%
6. Who are the promoters of Osel Devices?
- The company is promoted by Rajendra Ravi Shanker Mishra and Jyotsna Jawahar.
7. What does Osel Devices do?
- Osel Devices Limited manufactures LED display screens and hearing aids. Their LED display systems come with integrated software and hardware, while their hearing aids are used as assisted healthcare devices. The company produces Digital Programmable and Non-Programmable Hearing Aids.
8. Where is Osel Devices’ manufacturing facility located?
- The manufacturing and assembly facility is located in Greater Noida, Uttar Pradesh. It has an annual production capacity of 15,000 square feet for LED displays and 400,000 units for hearing aids.
9. Does Osel Devices hold any certifications?
- Yes, Osel Devices holds a Certification Marks Licence from the Bureau of Indian Standards, allowing the use of the ‘Standard Mark’ for “Behind the Ear (BTE) Hearing Aids – Digital” and “Visual Display Units.”
10. What should investors consider before applying for the Osel Devices IPO?
Investors should review the company’s financial performance, growth prospects, and industry positioning. The IPO’s Grey Market Premium and estimated listing gains may also provide insight into potential returns. It’s advisable to consult with a financial advisor to ensure the investment aligns with individual financial goals and risk tolerance.
