Osel Devices Limited IPO Overview

Osel Devices Limited is offering an IPO of ₹70.66 crores, with 44.16 lakh shares priced between ₹155 and ₹160 each. The subscription period runs from September 16 to September 18, 2024, with allotment on September 19 and listing on NSE SME set for September 23, 2024.

Retail investors can invest a minimum of ₹1,28,000 for 800 shares, while HNIs need ₹2,56,000 for 1,600 shares. Horizon Management Private Limited is the lead manager, Mas Services Limited is the registrar, and Giriraj Stock Broking is the market maker. For more details, check the IPO RHP.

Osel Devices Limited IPO Important dates

Osel Devices IPO opens on September 16, 2024, and closes on September 18, 2024.

IPO Open Date Monday, September 16, 2024
IPO Close Date Wednesday, September 18, 2024
Basis of Allotment Thursday, September 19, 2024
Initiation of Refunds Friday, September 20, 2024
The credit of Shares to Demat Friday, September 20, 2024
Listing Date Monday, September 23, 2024
Cut-off time for UPI mandate confirmation 5 PM on September 18, 2024

Osel Devices Limited IPO  Financial Performance

Osel Devices Limited Financial Information
Period Ended 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets ₹98.64 crore ₹49.02 crore ₹33.12 crore
Revenue ₹132.69 crore ₹81.96 crore ₹65.55 crore
Profit After Tax (PAT) ₹13.05 crore ₹4.66 crore ₹2.12 crore
Net Worth ₹25.34 crore ₹12.29 crore ₹7.63 crore
Reserves and Surplus ₹13.80 crore ₹10.43 crore ₹5.77 crore
Total Borrowing ₹25.45 crore ₹17.82 crore ₹8.63 crore

Osel Devices Limited IPO Key Performance Indicator

The market capitalization of Osel Devices IPO is Rs 258.07 Cr. KPI as of March 31, 2024.

KPI Values
ROE 34.68%
ROCE 43.17%
RoNW 51.50%
P/BV 7.29
PAT Margin (%) 9.87
Pre IPO Post IPO
EPS (Rs)  11.14 8.09
P/E (x)  14.36 19.77

Osel Devices Limited IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  • Prepayment or repayment of certain loans availed by the Company;
  • Funding of working capital requirements of the Company; and
  • General Corporate Purposes.

Osel Devices Limited IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

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 Limited IPO Details

IPO Date September 16, 2024 to September 18, 2024
Listing Date [September 23, 2024]
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
Shareholding pre issue 11,713,200
Shareholding post issue 16,129,200
Market Maker portion 221,600 shares

Osel Devices Limited Company Overview and Services

Founded in 2006, Osel Devices Limited, formerly Innovative Infratech Solutions Private Limited, excels in manufacturing a wide range of LED display systems and hearing aids. The company’s LED displays cater to commercial uses such as advertising media, billboards, corporate presentations, and command centers, featuring advanced content management systems for easy connectivity to phones and computers.

In addition to LED displays, Osel Devices produces hearing aids for individuals with hearing impairments, including both digitally programmable and non-programmable models. The company’s main hearing aid client is the Artificial Limbs Manufacturing Corporation of India.

The company’s state-of-the-art manufacturing facility in Greater Noida, inaugurated by former Union Minister Shri Pratap Sarangi, has an annual production capacity of 15,000 square feet for LED displays and 4,00,000 hearing aids.

Competitive Strengths

  • Established Market Presence: Long-standing experience in LED displays and hearing aids.
  • Geographical Reach: Strong presence across multiple regions.
  • Quality Assurance: Rigorous product quality control and assurance.
  • Customer Relationships: Strong, enduring relationships with clients.
  • Cost Efficiency: Economical production and timely order fulfillment.
  • Experienced Management: Skilled management team driving growth.
  • After-Sales Support: Comprehensive service and support post-purchase.

As of March 31, 2024, Osel Devices employs 68 people, reflecting its robust operational capacity

Osel Devices Limited IPO SWOT Analysis 

Strengths:

  • Established Market Presence: With years in the industry, Osel Devices has a proven track record in manufacturing LED display systems and hearing aids.
  • State-of-the-Art Facility: The advanced manufacturing plant in Greater Noida enhances production efficiency and quality control.
  • Diverse Product Range: Offers a broad array of LED displays and hearing aids, catering to various commercial and medical needs.
  • Strong Customer Relationships: Long-term relationships with key clients, including the Artificial Limbs Manufacturing Corporation of India, boost credibility and trust.

Weaknesses:

  • Dependence on Specific Clients: Heavy reliance on a major customer for hearing aids could pose risks if the relationship changes.
  • High Competition: Intense competition in the LED display and hearing aid markets may impact market share and pricing.
  • Limited Geographical Reach: Current operations are concentrated in specific regions, potentially limiting growth opportunities.

Opportunities:

  • Market Expansion: Potential to expand into new markets and regions, increasing customer base and revenue.
  • Technological Advancements: Adoption of new technologies in LED displays and hearing aids can enhance product offerings and competitive edge.
  • Growing Demand: Rising demand for advanced display systems and hearing aids provides growth opportunities.

Threats:

  • Economic Downturns: Economic instability could reduce spending on commercial displays and health aids, affecting sales.
  • Regulatory Changes: Changes in regulations related to manufacturing and product standards could impact operations and compliance costs.
  • Supply Chain Disruptions: Potential disruptions in the supply chain could affect production schedules and cost efficiency.

Osel Devices Limited IPO GMP Details

Osel Devices SME IPO last GMP is ₹100, last updated Sep 11th, 2024. With a price band of 160.00, Osel Devices SME IPO’s estimated listing price is ₹260 (cap price + today’s GMP). The expected percentage gain/loss per share is 62.50%.

Stay tuned with the latest GMP and more details.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
11-09-2024 160.00 ₹100  60800 ₹260 (62.5%) 11-Sep-2024
10-09-2024 160.00 ₹100  60800 ₹260 (62.5%) 10-Sep-2024

Osel Devices Limited IPO subscription status 

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Osel Devices Limited IPO Allotment status 

Osel Devices IPO allotment status is not available at this time. Osel Devices IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Osel Devices Limited IPO allotment status.

To check Osel Devices IPO allotment status, follow the steps below:

  • Click on the below allotment status check button.
  • Select Company Name.
  • Enter your PAN Number, Application Number or DP Client ID (Anyone).
  • Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Mas Services Limited either by phone or email. Investors can call on (011) 2610 4142 or send an email with all relevant details to ipo@masserv.com.

Osel Devices Limited IPO Contact Details

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/

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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.