Osel Devices IPO Subscription Status

Osel Devices' initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing dramatically over the four-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an impressive 76.90 times oversubscription by 12:07:08 PM on day four. This response underscores the strong market appetite for Osel Devices' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 16th September 2024, has seen significant growth in investor participation across all categories. Osel Devices attracted bids for 22,58,34,400 equity shares amounting to ₹3,613.35 crore.

The Retail Investors segment, in particular, has shown overwhelming demand, followed by strong interest from Non-Institutional Investors (NII). The Qualified Institutional Buyers (QIB) have also shown significant participation.

Subscription Status of Osel Devices IPO for Days 1, 2, 3, and 4:

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for Osel Devices IPO as of Day 4 (19th September 2024, 12:07:08 PM):

Total Applications: 220,004

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of Osel Devices is currently subscribed 76.90 times, with exceptional demand from Retail Investors.
• Retail investors have shown overwhelming interest, with a subscription ratio of 119.83 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 69.12 times.
• Qualified Institutional Buyers (QIB) have shown significant interest, with a subscription ratio of 7.53 times.
• The overall subscription trend increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Osel Devices IPO - Day 3 Subscription at 43.96 Times

Key Highlights:

• On Day 3, Osel Devices' IPO was subscribed 43.96 times, with strong demand from Retail Investors and NIIs.
• Retail investors showed significantly increased interest with a subscription ratio of 73.92 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 32.62 times.
• Qualified Institutional Buyers (QIB) still showed no participation with a subscription ratio of 0.00 times.
• The overall subscription trend indicated building momentum, with retail and NII categories showing significant increased participation.

Osel Devices IPO - Day 2 Subscription at 24.15 Times

Key Highlights:

• On Day 2, Osel Devices' IPO was subscribed 24.15 times, with continued strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 40.69 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 17.70 times.
• Qualified Institutional Buyers (QIB) still showed no participation with a subscription ratio of 0.00 times.
• The overall subscription trend indicated growing momentum, with retail and NII categories showing significant increased participation.

Osel Devices IPO - Day 1 Subscription at 3.42 Times

Key Highlights:

• The IPO of Osel Devices was subscribed 3.42 times on Day 1, with initial demand primarily from Retail Investors.
• Retail investors showed early strong interest with a subscription ratio of 6.12 times.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 1.67 times.
• Qualified Institutional Buyers (QIB) showed no initial interest with a subscription ratio of 0.00 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

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.

Key features of Osel Devices:

• Manufactures LED display systems for commercial use such as advertising media, billboards, corporate boardrooms, and more
• Produces hearing aids, including digitally programmable and non-programmable types
• Manufacturing facility in Greater Noida with a production capacity of 15,000 square feet of LED display and 4,00,000 units of hearing aids per year
• Strong relationships with customers and cost-efficient production
• As of 31st March 2024, the company employed 68 employees
• Reported revenue of ₹132.69 crore and PAT of ₹13.05 crore for FY 2024

Highlights of the Osel Devices IPO:

Read more about Osel Devices IPO

• IPO Date: 16th September 2024 to 19th September 2024
• Listing Date: 24th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹155 to ₹160 per share
• Lot Size: 800 Shares
• Total Issue Size: 4,416,000 shares (aggregating up to ₹70.66 Cr)
• Fresh Issue: 4,416,000 shares (aggregating up to ₹70.66 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Horizon Management Private Limited
• Registrar: Mas Services Limited
• Market Maker: Giriraj Stock Broking