Osel Devices IPO Details
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 19, 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 IPO Market Lot
The Osel Devices IPO minimum market lot is 800 shares with ₹128,000 application amount.
| 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 Dates
The Osel Devices IPO date is September 16 and the close date is September 19. The Osel Devices IPO allotment will be finalized on September 20 and the IPO listing on September 24.
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| IPO Listing Date: | September 24, 2024 |
Promoters of Osel Devices IPO
The promoters of the company are Rajendra Ravi Shanker Mishra and Jyotsna Jawahar.
About Osel Devices
Osel Devices Limited is a manufacturer of LED display screens and hearing aids. They offer LED display systems equipped with software and hardware capabilities. Their hearing aids are known as assisted healthcare devices. The major customer of hearing aids is Artificial Limbs Manufacturing Corporation of India. They manufacture Digital Programable and Non-Programmable Hearing Aids.
Osel Devices manufactures and assembles its setup in Greater Noida, Uttar Pradesh. The manufacturing facility has a production capacity of 15,000 square feet of LED display per annum and 4,00,000 units of Hearing Aid per annum. The company holds a Certification Marks Licence issued by the Bureau of Indian Standards to use ‘Standard Mark’ for “Behind the Ear (BTE) Hearing Aids – Digital” and “Visual display unit”.
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. |
Objects of the Issue
- 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
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Osel Devices IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: [email protected]
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: [email protected]
Website: http://www.oseldevices.com/
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Note: The Osel Devices IPO price band and date are officially announced. The (Osel Devices IPO grey market premium) will be added to the IPO GMP page as it will start).
3 Responses
If IPO alloted, can hold, and what are the targets
Hi Sharma Ji,
If the IPO List with higher gain Sell and Enjoy!
Hi, All Investors and IPO Watch Team,
Where can I find the audited financials for last years f OSEL. I checked on their website but could not found. Please assist ASAP.
Thanks
Ajay Chaturvedi