Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, manufactures a comprehensive range of LED display systems and hearing aids.
The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. The company’s LED display systems are equipped with a content management system that allows them to be connected to a phone or computer and displayed on screen.
The company also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company’s main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company manufactures digitally programmable and non-programmable hearing aids.
Osel’s manufacturing facility in Greater Noida was inaugurated by former Union Minister Shri Pratap Sarangi. The plant has a production capacity of 15,000 square feet of LED display per year and 4,00,000 units of hearing aids per year.
On March 31, 2024, the company employed 68 employees.
Osel Devices IPO – Details
| IPO Opening Date | 16 September 2024 |
| IPO Closing Date | 19 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 44,16,000 Shares Worth ₹70.66 Crore Fresh Issue: 44,16,000 Shares Worth ₹70.66 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹155 – ₹160 |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Mas Services Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Osel Devices IPO – Date Schedule
| IPO Open Date | 16 September 2024 |
| IPO Close Date | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation of Refund | 23 September 2024 |
| Credit of Shares to Demat Account | 23 September 2024 |
| IPO Listing Date | 24 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
Osel Devices IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,28,000 |
| Retail (Max) | 1 | 800 | ₹1,28,000 |
| HNI (Min) | 2 | 1600 | ₹2,56,000 |
Competitive Strengths
- Specialized LED display system and hearing aids manufacturer with long standing market presence.
- Geographical presence.
- Quality Assurance and Quality Control of the company’s products.
- Strong, cordial & long-term relationships with the company’s clients.
- Cost effective production and timely fulfilment of orders.
- Well experienced management team.
- Marque Customers.
- Post Sale service and support.
Company Promoters
- Rajendra Ravi Shanker Mishra
- Jyotsna Jawahar
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 65.55 | 62.56 | 2.12 | 8.62 |
| 31 March 2023 | 81.95 | 74.98 | 4.66 | 17.82 |
| 31 March 2024 | 132.68 | 114.13 | 13.05 | 25.45 |
Key Performance Indicator
| 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 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 98.50% |
| Post Issue Share Holding | 71.53% |
Osel Devices IPO Prospectus
Company Contact Information
| 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 Registrar
| Mas Services Limited Phone: (011) 2610 4142 Email: ipo@masserv.com Website: https://www.masserv.com/opt.asp |
Osel Devices IPO Lead Manager(s)
| 1. Horizon Management Private Limited |
Osel Devices IPO FAQs
| What is Osel Devices IPO? Osel Devices IPO is a SME IPO. The issue is priced at ₹155 and ₹160 per equity share. The IPO is to be listed on NSE SME. |
| When Osel Devices IPO will open? The IPO is to open on 16 September 2024 for QIB, NII, and Retail Investors. |
| What is Osel Devices IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Osel Devices IPO? You can apply 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. |
| How to Apply the Osel Devices IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Osel Devices IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Osel Devices IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Osel Devices IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Osel Devices IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Osel Devices IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Osel Devices IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Osel Devices IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Osel Devices IPO Size? Osel Devices IPO size is ₹70.66 Crore. |
| What is Osel Devices IPO Price Band? Osel Devices IPO Price Band is ₹155 – ₹160. |
| What is Osel Devices IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 800 Shares with ₹1,28,000 amount while the maximum bid is 800 Shares with ₹1,28,000. |
| What is the Osel Devices IPO Allotment Date? Osel Devices IPO allotment date is 20 September 2024. |
| What is the Osel Devices IPO Listing Date? Osel Devices IPO listing date is 24 September 2024. The IPO is to be listed on NSE SME. |
