Apex Ecotech Limited IPO...
20 Nov 2024
Osel Devices Limited IPO And Its GMP
Osel Devices Limited is driven by a passion for innovation and a commitment to excellence. As one of the leading providers of cutting-edge technology solutions, Osel specializes in creating transformative products that empower individuals, businesses and communities to thrive in a rapidly evolving digital world.
The Company manufactures a comprehensive range of LED display systems and the latest hearing aids, including all major components, at their ultra-modern plant. Ösel’s state-of-the-art manufacturing plant in Greater Noida was inaugurated by Ex-Union Minister Shri Pratap Sarangi.
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Osel Devices IPO Summary:
- ● Issue Type: Book Built
- ● Total Issue Size: ₹70.66 crores
- ● Number of Shares: 44.16 lakh shares (entirely a fresh issue)
- ● Price Band: ₹155 to ₹160 per share
- ● Minimum Lot Size: 800 shares
- ● IPO Opening Date: September 16, 2024
- ● IPO Closing Date: September 18, 2024 Key Details:
- ● Book Running Lead Manager: Horizon Management Private Limited
- ● Registrar: Mas Services Limited
- ● Market Maker: Giriraj Stock Broking
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Osel Devices Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 24-09-2024 | 160 | 100 (62.50%) | 24-Sep-2024 12:20 |
| 23-09-2024 | 160 | 111 (69.38%) | 23-Sep-2024 12:20 |
| 20-09-2024 | 160 | 110 (68.75%) | 20-Sep-2024 12:10 |
| 19-09-2024 | 160 | 110 (68.75%) | 19-Sep-2024 12:30 |
| 18-09-2024 | 160 | 110 (68.75%) | 18-Sep-2024 12:10 |
| 17-09-2024 | 160 | 110 (68.75%) | 17-Sep-2024 12:55 |
| 16-09-2024 | 160 | 110 (68.75%) | 16-Sep-2024 13:45 |
| 13-09-2024 | 160 | 100.0 (63%) | 13-Sep-2024 12:35 |
| 12-09-2024 | 160 | 100.0 (63%) | 12-Sep-2024 12:45 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Osel Devices Limited IPO Overview
| Detail | Description |
|---|---|
| IPO Date | September 16, 2024 to September 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 Giriraj Stock Broking |
Osel Devices IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
| 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 Lot Size
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Osel Devices IPO Promoter Holding
| Share Holding Pre Issue | 98.50% |
| Share Holding Post Issue | 71.53% |
Osel Devices IPO Anchor Investors Details
| Bid Date | September 13, 2024 |
| Shares Offered | 1,257,600 |
| Anchor Portion Size (In Cr.) | 20.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 18, 2024 |
Company & Financials
Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, was founded in 2006 and 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 centre 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.
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Competitive Strengths:
- ● Manufacturer of LED display systems and hearing aids with a long-standing market presence
- ● Geographical presence
- ● Quality assurance and quality control of our products
- ● Strong, cordial and long-term relationships with customers
- ● Cost-efficient production and punctual order processing
- ● Experienced management team
- ● Customers of the brand
- ● Service and support after the sale
Osel Devices Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 9,864.2 | 4,902.09 | 3,312.17 | |||||||||||||||||||||||||||||||||||||
| Revenue | 13,268.52 | 8,195.58 | 6,555.49 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,305.21 | 466 | 212.31 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 2,534.21 | 1,229 | 763 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,380.39 | 1,042.9 | 576.9 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,545.23 | 1,782.29 | 862.87 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 |
Objectives of Osel Devices IPO
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The Company proposes to utilize the Net Proceeds from the Issue towards the following objectives:
- 1. Prepayment or repayment of certain loans availed by the Company.
- 2. Funding of working capital requirements of the Company.
- 3. General Corporate Purposes.
Osel Devices IPO Review
The company is operating in a highly competitive and fragmented segment of LED display systems and related products. It posted growth in its top and bottom lines for the reported periods, however, a sudden boost in the bottom line for FY24 raises eyebrows and concerns over its sustainability. Based on FY24 earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term.
FAQs for Osel Devices IPO
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What is Osel Devices IPO?
Osel Devices IPO is an SME IPO. The company is going to raise ₹70.66 Crores via IPO. The issue is priced at ₹155 to ₹160 per equity share. The IPO is to be listed on NSE SME.
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When is Osel Devices IPO open for subscription?
The IPO is to open on September 16, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 18, 2024.
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What is Osel Devices IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Osel Devices IPO Issue Size?
Osel Devices IPO issue size is ₹70.66 crores.
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What is Osel Devices IPO Price Band?
Osel Devices IPO Price Band is ₹155 to ₹160.
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What is Osel Devices IPO Lot Size?
The minimum bid is 800 Shares with ₹128,000 amount.
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What is the Osel Devices IPO Allotment Date?
Osel Devices IPO allotment date is September 19, 2024.
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What is the Osel Devices IPO Listing Date?
Osel Devices IPO listing date is September 23, 2024. The IPO is to list on NSE SME.
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What is the current GMP of Osel Devices?
The current GMP of Osel Devices is 100 (62.50%).
RHP:
RHP of Osel Devices Limited IPO
DRHP:
DRHP of Osel Devices Limited IPO
Anchor Investor Link:
Anchor Investor Link of Osel Devices Limited IPO
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What is Osel Devices IPO?
Osel Devices IPO is an SME IPO. The company is going to raise ₹70.66 Crores via IPO. The issue is priced at ₹155 to ₹160 per equity share. The IPO is to be listed on NSE SME.
-
When is Osel Devices IPO open for subscription?
The IPO is to open on September 16, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 18, 2024.
-
What is Osel Devices IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Osel Devices IPO Issue Size?
Osel Devices IPO issue size is ₹70.66 crores.
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What is Osel Devices IPO Price Band?
Osel Devices IPO Price Band is ₹155 to ₹160.
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What is Osel Devices IPO Lot Size?
The minimum bid is 800 Shares with ₹128,000 amount.
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What is the Osel Devices IPO Allotment Date?
Osel Devices IPO allotment date is September 19, 2024.
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What is the Osel Devices IPO Listing Date?
Osel Devices IPO listing date is September 23, 2024. The IPO is to list on NSE SME.
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What is the current GMP of Osel Devices?
The current GMP of Osel Devices is 100 (62.50%).
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