IPO Details

Bidding Dates

16 Sep '24 - 19 Sep '24

Minimum Investment

₹128,000 / 1 Lot (800 Shares)

Price Range

₹155 - ₹160

Maximum Investment

₹128,000 / 1 Lot (800 Shares)

Retail Discount

To be announced

Issue Size

₹70.66 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible employees  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Sep 16, 2024

Closing Date

Sep 19, 2024

Basis of Allotment

Sep 20, 2024

Initiation of Refunds

Sep 23, 2024

Listing Date

Sep 24, 2024

About Osel Devices IPO

Osel Devices Limited is launching its IPO with a book-built issue of ₹70.66 crores, entirely comprising a fresh issue of 44.16 lakh shares. The IPO opens for subscription on September 16, 2024, and closes on September 19, 2024.

The allotment is expected to be finalised on September 20, 2024, with a tentative listing date on the NSE SME scheduled for September 24, 2024. The price band for the IPO is set between ₹155 to ₹160 per share. Retail investors can apply for a minimum lot size of 800 shares, requiring an investment of ₹1,28,000.

High Net-Worth Individuals (HNIs) need to invest in a minimum of two lots, totalling ₹2,56,000. Horizon Management Private Limited is the book-running lead manager for the IPO, with Mas Services Limited serving as the registrar. Giriraj Stock Broking is the market maker for the issue, ensuring liquidity and stability in the post-listing phase.

Industry Outlook:

  1. India's preventive healthcare sector is gaining importance, with NCDs accounting for 66% of all deaths in 2019, leading to an economic burden of ₹511 lakh crore by 2030.
  2. The ESDM market in India is projected to grow at a 16.1% CAGR from 2019 to 2025, driving demand for electronic products to $400 billion by 2025.

Osel Devices IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Prepayment or repayment of certain loans availed by the company.
  2. Funding of working capital requirements of the company.
  3. General corporate purposes.

About About Osel Devices Limited

Founded in 2006, Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, specialises in manufacturing a wide range of LED display systems and hearing aids. The company produces LED display systems for various commercial applications, including advertising media, corporate boardrooms, and command centres, all equipped with content management systems for seamless connectivity.

Osel Devices also manufactures hearing aids, catering primarily to the Artificial Limbs Manufacturing Corporation of India, offering both digitally programmable and non-programmable options for individuals with hearing impairments.

The company’s manufacturing facility in Greater Noida, inaugurated by former Union Minister Shri Pratap Sarangi, boasts an annual production capacity of 15,000 square feet of LED displays and 4,00,000 hearing aids. Osel Devices’ competitive strengths include its long-standing market presence, strong customer relationships, stringent quality control, cost-efficient production, and an experienced management team. As of March 31, 2024, the company employed 68 individuals.

Peer Details

The company Osel Devices Limited does not consider any listed company in India or abroad as its peers.

How to Check the Allotment Status of the Osel Devices IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Osel Devices IPO

  • Registered office: Office No.- 712, Naurang House K.G. Marg, Connaught Place, Central Delhi, New Delhi- 110 001, Delhi, India
  • Phone: +91 116 666 7621
  • E-mail: info@oseldevices.com

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023`Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 13,223.35 8,188.68 6,524.53
Profit After Tax (PAT) (in ₹ lakh) 1,305.21 466.00 212.31
Current Ratio (x) 1.24 1.20 1.17
Net Worth (in ₹ lakh) 2,534.21 1,229.00 763.00
Total Borrowings (in ₹ lakh) 2,545.23 1,782.29 862.87
Return on Equity (%) 34.68% 23.39% 33.60%
Return on Capital Employed (RoCE) (%) 43.17% 26.91% 25.13%
Earnings Per Share (in ₹) 11.31 4.04 1.84

Know before investing

Strengths

6

  1. Advanced manufacturing plant with the latest technology and machinery.

  2. Experienced workforce with strong technical expertise.

  3. Established client relationships with consistent repeat orders.

  4. Strong brand recognition in customised product manufacturing.

  5. Robust R&D and quality control processes ensure high standards.

  6. Solid international relationships for sourcing raw materials.

Risks

6

  1. Dependence on a small pool of key personnel limits flexibility.

  2. Limited financial resources constrain investment in technology and talent.

  3. Heavy reliance on imported raw materials, primarily from China.

  4. High competition from larger players with greater market power.

  5. Rapid technological changes require ongoing investment to remain competitive.

  6. Regulatory changes may impact market access and distribution capabilities.

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Osel Devices IPO FAQs

What is the Osel Devices IPO?

Osel Devices IPO is a book built IPO. The IPO will be open from September 16, 2024, to September 19, 2024.

When will Osel Devices IPO be allotted?

The Basis of Allotment will happen on Friday, September 20, 2024.

When will Osel Devices IPO open for subscription?

The IPO subscription window will open on September 16, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 800 shares.

When will Osel Devices Limited list on exchanges?

The listing date for Osel Devices is Tuesday, September 24, 2024.

What would be the listing gains on the Osel Devices IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to apply for Osel Devices IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the ‘IPO’ section on the platform.
  3. Select IPO: Find and select the Osel Devices IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How to increase your chances of getting a Osel Devices IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Osel Devices IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Osel Devices Limited using one PAN?

You can submit only one application using your PAN card.

How to read Osel Devices Limited's financial statements?

To read Osel Devices’ financial statements, download the IPO’s  RHP document.