Osel Devices Limited
IPO Details
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Lot Distribution
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Company Fin.
₹100(62.50%)
Premium (ELP)
Osel Devices Limited's achieved publicly listed status following its IPO debut on Sep 24, 2024 at the NSE platform. The offering successfully mobilized 44,16,000 Shares, with 44,16,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹155 to ₹160, starting from minimum lots of 800 shares. The subscription window from Sep 16, 2024 through Sep 19, 2024 enabled investor participation across market segments.
Share allocation was completed on Sep 20, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Osel Devices Limited, founded in 2006, specializes in manufacturing LED display systems and hearing aids. Its LED displays are used for advertising, presentations, and command centers, while its hearing aids support individuals with hearing difficulties. Operating from a modern facility in Greater Noida, Osel ensures high production capacity and cost-efficient manufacturing. With a strong management team and a workforce of 68 employees as of March 31, 2024, the company is recognized for its quality products and strong customer relationships.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Innovation-Driven R&D: Dedicated in-house R&D enables the company to develop advanced products like LED displays and hearing aids.
- Strong Financial Performance: High ROE (34.68%) and ROCE (43.17%) in FY 2024 reflect efficient capital utilization.
- Key Client Relationships: Significant revenue from top customers highlights strong and long-standing partnerships.
- Regional Concentration: Major revenue comes from Delhi & Uttar Pradesh, exposing the business to regional downturns or competitive pressures.
- Customer Dependence: Over 81% of revenue relies on top 5 customers, so losing any large client could materially impact revenue.
- Supply Chain Risk: Any disruption in raw material procurement or delivery can directly affect production, sales, and profitability.
- Rajendra Ravi Shanker Mishra
- Jyotsna Jawahar
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