Osel Devices IPO GMP, Review, Price, Allotment

Osel Devices IPO description – Osel Devices, which originally operated under the name Innovative Infratech Solutions Private Limited since its founding in 2006, specializes in producing an extensive array of LED display systems and hearing aids. The company manufactures a wide range of LED display systems for commercial use, including major components for advertising media, billboards, corporate boardrooms, presentations, promotional displays, command centers, and front signs. These LED display systems are equipped with a content management system, allowing seamless connection to phones or computers for easy screen display.

Osel Devices also produces hearing aids, often referred to as health aids, designed to assist individuals with disabilities, the elderly, and those with chronic illnesses who experience low hearing levels. Its primary customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company manufactures both digitally programmable and non-programmable hearing aids.

Osel Devices’ manufacturing facility in Greater Noida has an annual production capacity of 15,000 square feet of LED displays and 400,000 units of hearing aids. As of 31 March 2024, the company employs 68 staff members.

Promoters of Osel Devices – Rajendra Ravi Shanker Mishra, and Jyotsna Jawahar

Osel Devices IPO Details

Osel Devices IPO Dates	16 – 18 September 2024
Osel Devices Issue Price	INR 155 – 160 per share
Fresh issue	44,16,000 shares (INR 68.45 – 70.66 crore)
Offer For Sale	NIL
Total IPO size	44,16,000 shares (INR 68.45 – 70.66 crore)
Minimum bid (lot size)	800 shares (INR 1,28,000)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE EMERGE

Osel Devices Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	65.25	81.89	132.23
Expenses	62.57	74.99	114.14
Net income	2.12	4.66	13.05

Figures in INR Crores unless specified otherwise

Osel Devices Offer News

Osel Devices Valuations & Margins

	FY 2022	FY 2023	FY 2024
EPS	1.84	4.04	11.31
PE ratio	–	–	13.70 – 14.15
RONW (%)	27.83	37.92	51.50
NAV	6.61	10.65	21.96
ROCE (%)	25.13	26.91	43.17
EBITDA (%)	7.12	10.60	17.30
Debt/Equity	0.71	1.93	0.90

*Compiled by IPO Central from Prospectus

Osel Devices IPO GMP Today

Osel Devices IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.

Osel Devices IPO Allotment Status

Osel Devices IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.

Osel Devices IPO Dates & Listing Performance

IPO Opening Date	16 September 2024
IPO Closing Date	18 September 2024
Finalization of Basis of Allotment	19 September 2024
Initiation of refunds	20 September 2024
Transfer of shares to demat accounts	20 September 2024
IPO Listing Date	23 September 2024
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

Osel Devices Offer Lead Manager

HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: [email protected]
Website: www.horizonmanagement.in

Osel Devices Offer Registrar

MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83
Email: [email protected]
Website: www.masserv.com

OSEL DEVICES LIMITED
Signature Tower, 1st Floor Plot No 3,
Sector Knowledge Park-III, Sector 34,
Gautam Buddha Nagar, Noida – 201 307, UP
Phone: +91 120 635 1600
E-mail: [email protected]
Website: www.oseldevices.com