Osel Devices IPO Date, Review, Price, Allotment Details

Osel Devices IPO open date is September 16, 2024 and the IPO will close on September 19, 2024. Osel Devices IPO is a Book Built Issue. The company to raise around ₹70.66 crores via IPO that comprises fresh issue of ₹70.66 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Osel Devices IPO price band is ₹155 to ₹160 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Osel Devices IPO to list on NSE on September 24, 2024. The allotment of Osel Devices IPO date is September 20, 2024.

The company reported revenue of ₹132.69 crores in 2024 against ₹81.96 crore in 2023. The company reported profit of ₹13.05 crores in 2024 against profit of ₹4.66 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Osel Devices IPO

Table of Contents


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.

ApplicationLot SizeSharesAmount
Retail Minimum1800₹128,000
Retail Maximum1800₹128,000
HNI Minimum21600₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
NANANANANA– Cr.
NANANANANA– 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/

Osel Devices IPO FAQs

What is Osel Devices IPO?

Osel Devices IPO is a SME IPO. The company is going to raise ₹70.66 Crores via IPO. The issue is priced at ₹155 to ₹160 pr equity share. The IPO is to be listed on NSE SME.

When Osel Devices IPO will open for subscription?

The IPO is to open on September 16, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 19, 2024.

What is Osel Devices IPO Investors Portion?

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

How to Apply the Osel Devices IPO?

You can apply for Osel Devices 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.

What is Osel Devices IPO Issue Size?

Osel Devices IPO issue size is ₹70.66 crores.

What is Osel Devices IPO Price Band?

Osel Devices IPO Price Band is ₹155 to ₹160.

What is Osel Devices IPO Lot Size?

The minimum bid is 800 Shares with ₹128,000 amount.

What is the Osel Devices IPO Allotment Date?

Osel Devices IPO allotment date is September 20, 2024.

What is the Osel Devices IPO Listing Date?

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

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).
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    3 Responses

    1. 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

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