OSEL Devices IPO
IPO Listing Details
- Listing Date
24 Sep 2024
- Listing Price
₹ 198.05
- Listing Change
23.78%
- Last Traded Price
₹ 298.00
IPO Details
- Open Date
16 Sep 2024
- Close Date
19 Sep 2024
- IPO Price Range
₹ 155- ₹ 160
- IPO Size
₹ 70.66 Cr
- Listing Exchange
NSE SME
- Listing Date
24 Sep 2024
IPO Timeline
OSEL Devices IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 16-Sep-24 | 0.00 | 1.67 | 6.12 | 3.42 |
| 17-Sep-24 | 0.00 | 17.70 | 40.69 | 24.15 |
| 18-Sep-24 | 0.00 | 32.62 | 73.92 | 43.96 |
| 19-Sep-24 | 78.01 | 321.40 | 206.07 | 194.24 |
Last Updated: 20 September 2024 12:20 PM by 5Paisa
Osel Devices IPO is set to open on 16 September 2024 and will close on 19 September 2024. The company makes a wide range of LED display systems and hearing aids. For LED displays, they produce all the key components used in commercial settings.
The IPO includes a fresh issue of 44.16 lakh shares aggregating ₹70.66 Cr and does not include an offer for sale. The price range is set between ₹155 - ₹160 per share and the lot size is 800 shares
The allotment is scheduled to be finalized on 20 September 2024. It will go public on NSE SME with a tentative listing date of 24 September 2024.
Horizon Management Private Limited is the book running lead manager while Mas Services Limited is the registrar.
OSEL Devices IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹70.66 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹70.66 Cr |
OSEL Devices IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,000 |
| Retail (Max) | 1 | 800 | ₹128,000 |
| HNI (Min) | 2 | 1,600 | ₹256,000 |
OSEL Devices IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 78.01 | 8,38,400 | 6,54,07,200 | 1,046.52 |
| NII (HNI) | 321.40 | 6,29,600 | 20,23,55,200 | 3,237.68 |
| Retail | 206.07 | 14,68,800 | 30,26,76,000 | 4,842.82 |
| Total | 194.24 | 29,36,800 | 57,04,38,400 | 9,127.01 |
OSEL Devices IPO Anchor Allocation
| Anchor Bid Date | 13 September, 2024 |
| Shares Offered | 1,257,600 |
| Anchor portion Size (In ₹ Cr.) | 20.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | 19 October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 18 December, 2024 |
1. Repayment or partial prepayment of the company's existing loans.
2. Meeting Working Capital Needs
3. General Corporate Purposes
Osel Devices, formerly Innovative Infratech Solutions Private Limited was founded in 2006 and specializes in manufacturing LED display systems and hearing aids.
They produce a wide range of LED displays for commercial use including advertising billboards, corporate presentations and more. These displays have a content management system connecting to phones or computers.
Osel also makes hearing aids to help people with hearing difficulties, especially the elderly and disabled. Their main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. Osel’s facility in Greater Noida can produce 15,000 square feet of LED displays and 400,000 hearing aids annually.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 132.69 | 81.96 | 65.55 |
| EBITDA | 22.88 | 8.68 | 4.65 |
| PAT | 13.05 | 4.66 | 2.12 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 98.64 | 49.02 | 33.12 |
| Share Capital | 11.54 | 1.86 | 1.86 |
| Total Borrowings | 25.45 | 17.82 | 8.63 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 12.20 | -10.68 | 2.57 |
| Net Cash Generated From / (used in) investing activities | -12.60 | -1.66 | 0.02 |
| Net Cash Generated From / (used in) financing activities | 4.24 | 8.06 | -1.82 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 3.75 | -4.29 | 0.77 |
Strengths
1. Osel Devices has a strong foothold in the market as a specialized manufacturer of LED display systems and hearing aids, backed by years of experience and expertise.
2. The company emphasizes product quality assurance and control, ensuring high standards. It also maintains strong, long term relationships with key customers, focusing on post-sale service and support.
3. With cost effective production processes and a well experienced management team, Osel ensures timely fulfillment of orders, meeting customer demands efficiently.
Risks
1. A portion of Osel's business relies on key customers like Artificial Limbs Manufacturing Corporation of India. Any changes in this relationship could impact the company’s revenue.
2. The LED display and hearing aid markets are highly competitive, with numerous players offering similar products. Increased competition could pressure pricing and affect profitability.
3. Osel's production efficiency and timely delivery depend on a stable supply chain. Any disruptions in the supply of raw materials or components could delay production and impact the company's ability to meet orders.
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FAQs
Osel Devices IPO opens from 16 September to 19 September 2024.
The size of Osel Devices IPO is ₹70.66 crores.
The price of Osel Devices IPO is fixed between ₹155- ₹160 per share.
To apply for Osel Devices IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Osel Devices IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Osel Devices IPO is 800 shares and the minimum investment required is ₹124,000.
The share allotment date of Osel Devices IPO is 20 September 2024
The Osel Devices IPO will be listed on 24 September 2024.
Horizon Management Private Limited is the book running lead manager for Osel Devices IPO.
Osel Devices plans to utilize the raised capital from the IPO for:
1. Repayment or partial prepayment of the company's existing loans.
2. Meeting Working Capital Needs
3. General Corporate Purposes
Contact Information
OSEL Devices
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 Register
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
OSEL Devices IPO Lead Manager
Horizon Management Private Limited
