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Osel Devices Limited IPO

Osel Devices Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
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Lot Size:
Subscription:
Listed Price: ₹ 198.50 (+24.06%)

Osel Devices Limited's achieved publicly listed status following its IPO debut on 24-09-2024 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 16-09-2024 through 19-09-2024 enabled investor participation across market segments.

Share allocation was completed on 20-09-2024, 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.

Osel Devices IPO Details
Lot(s) Distribution

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.

IPO Reservation
Osel Devices IPO Key Performance Indicator
Company Financials ( in Lakhs )

Osel Devices IPO About Company

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."


Osel Devices IPO Strength Factors

  1. Innovation-Driven R&D: Dedicated in-house R&D enables the company to develop advanced products like LED displays and hearing aids.
  2. Strong Financial Performance: High ROE (34.68%) and ROCE (43.17%) in FY 2024 reflect efficient capital utilization.
  3. Key Client Relationships: Significant revenue from top customers highlights strong and long-standing partnerships.

Osel Devices IPO Risk Factors

  1. Regional Concentration: Major revenue comes from Delhi & Uttar Pradesh, exposing the business to regional downturns or competitive pressures.
  2. Customer Dependence: Over 81% of revenue relies on top 5 customers, so losing any large client could materially impact revenue.
  3. Supply Chain Risk: Any disruption in raw material procurement or delivery can directly affect production, sales, and profitability.

Osel Devices IPO Lead Manager(s)

  • Horizon Management Private Limited

Osel Devices IPO Promoter(s)

  1. Rajendra Ravi Shanker Mishra
  2. Jyotsna Jawahar

Osel Devices IPO Company Details

Osel Devices Limited
Phone:
address:

Osel Devices IPO Registrar

Mas Services Limited
Name:
Phone:

Osel Devices IPO FAQs