OSEL Devices Ltd
Price Range
₹155 - ₹160
-
Min. Quantity
800
Closes on
19 September 2024
-
Min. investment
₹1,28,000/800 Shares
OSEL Devices Ltd IPO Timeline
Osel Devices Limited was incorporated on August 14, 2006 as a Private Limited Company under the name and style of Innovative Infratech Soultions Private Limited'. Subsequently, the Company's name changed to Innovative Infratech Solutions Private Limited' and a fresh Certificate of Incorporation dated November 22, 2013 was issued by the Registrar of Companies, Delhi and Haryana. The name further changed to Osel Devices Private Limited' dated January 16, 2024 by the Registrar of Companies, at Delhi. Further, Company converted into a Public Limited Company and the name of Company was changed to Osel Devices Limited'. A fresh Certificate of Incorporation dated May 2, 2024 was issued by the Registrar of Companies, Central Processing Centre.
| Event | Date |
|---|---|
| OSEL Devices Ltd IPO Opening Date | 16 September 2024 |
| OSEL Devices Ltd IPO Closing Date | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation of Refunds | 23 September 2024 |
| Credit of Shares to Demat | 23 September 2024 |
| OSEL Devices Ltd IPO Listing Date | 24 September 2024 |
OSEL Devices Ltd IPO Details
| OSEL Devices Ltd IPO Date | 16 September 2024 to 19 September 2024 |
| OSEL Devices Ltd IPO Face Value | ₹10 per share |
| OSEL Devices Ltd IPO Price | ₹155 to ₹160 per share |
| OSEL Devices Ltd IPO Lot Size | 800 |
| Issue Size | Shares of ₹10 (aggregating up to ₹70.66 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹70.66 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Rajendra Ravi Shanker Mishra, Jyotsna Jawahar |
OSEL Devices Ltd IPO Lot Size
The OSEL Devices Ltd IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹1,28,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 800 | ₹1,28,000 |
| Maximum | 1 | 800 | ₹1,28,000 |
- Strengths
- Risks
- Opportunities
- One of the leading specialized LED display system and hearing aids manufacturer with long standing market presence.
- Geographical presence.
- Quality Assurance and Quality Control of its products.
- Strong, cordial & long-term relationship with its clients.
- Cost effective production and timely fulfilment of orders.
- Well experienced management team.
- Marque Customers.
- Post Sale service and support.
Company Financials
OSEL Devices Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 98.64 | 132.69 | 13.05 |
| 03-2023 | 49.02 | 81.96 | 4.66 |
| 03-2022 | 33.12 | 65.55 | 2.12 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment or repayment of all or a portion of certain loans availed by the company
- Funding of working capital requirement of the company
- General corporate purposes
OSEL Devices Ltd IPO Promoter Holding
| Pre Issue Share Holding | 98.5% |
| Post Issue Share Holding | 71.53% |
OSEL Devices Ltd IPO Subscription Status (Bidding Detail)
The OSEL Devices Ltd IPO is subscribed 180.6801 times on 19 September 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 180.6801 |
OSEL Devices Ltd IPO Prospectus
OSEL Devices Ltd IPO Listing Date
| BSE Script | 93254 |
| NSE Symbol | OSELDEVICE |
| Listing In | NSE - SME |
| ISIN | INE0RMF01018 |
| IPO Price | ₹160 |
| Face Value | ₹10 |
Company Contact Information
No.712 Naurang House K G MargConnaught Place Central Delhi,New Delhi-110001
Phone: +91 116 666 7621
Email: info@oseldevices.com
Website: www.oseldevices.com
OSEL Devices Ltd IPO Registrar
OSEL Devices Ltd IPO Lead Manager(s)
- Horizon Management Pvt Ltd
FAQ
What is the issue size of OSEL Devices Ltd IPO?
I have pre-applied for OSEL Devices Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.