Osel Devices IPO GMP : Osel Devices IPO GMP is Open on 16 September 2024 and Close on 19 September 2024. Osel Devices IPO to Raise 4,416,000 shares (Approx ₹70.66 Cr) via IPO. The Fresh issue of 4,416,000 shares (Approx ₹70.66 Cr).
Our Company was incorporated in 2006, Osel is driven by a passion for innovation and a commitment to excellence. As a provider of technology solutions, Osel specializes in creating transformative products that empower individuals, businesses, and communities to thrive in a rapidly evolving digital world. Our Company manufactures a comprehensive range
of LED display systems and the latest hearing aids, including all major components, at our ultra-modern plant. Osel’s manufacturing plant in Greater Noida was inaugurated by Ex-Union Minister Shri Pratap Sarangi.
We manufacture comprehensive range of LED display systems. We are equipped with software and hardware capabilities. Our LED display systems are enabled with content management system which allows it to connect to phone or computer and display on screen. Equipped with the latest technology and adhering to rigorous quality control standards, we produce a wide range of high-performance components and systems.
This vertical integration ensures consistency and excellence in every product we deliver. The LED display systems manufactured by us have been used by corporate for commercial usage such as advertising media, billboards, corporate meeting rooms, presentations, display promotions, command control centre and front sign boards.
We also manufacture latest hearing aids commonly known as assisted healthcare devices. Our hearing aids are designed to support individuals with disabilities, elderly person and chronic patients, who are having low hearing level, in performing everyday activities more effectively to enhance quality of life. Our major customer for hearing aids is Artificial Limbs Manufacturing Corporation of India. We manufacture Digital Programable and Non-Programmable Hearing Aids.
We use the latest equipments installed to design, manufacture and assemble our LED display systems from raw materials processing, preparation of sub-assembling, component fitment, testing, inspection and quality control. Similarly, we use the latest machineries installed to design, manufacture and assemble our hearing aids from raw materials processing, printed circuit board assembling (PCB), testing, programming, sub-assembling and soldering, final device assembling and quality control.
LED Display systems: The products segment includes:
- Indoor LED Solutions.
- Outdoor LED Solutions.
- Transparent LED Solutions.
- Customized LED Solutions.
Hearing Aids: The products segment includes:
- Standard Behind-the-Ear (BTE) Hearing Aids.
- Mini Behind-the-Ear (BTE) Hearing Aids.
- Receiver-in-the-Ear (RITE) or Receiver-in-Canal Behind-the-Ear (RICTE) Hearing Aids.
Our Company are also in the development stage for the below category of hearing aids:
- In-the-Ear (ITE) Hearing Aids.
- Completely-in-the-Canal (CIC) Hearing Aids.
- Invisible-in-the-Canal (IIC) Hearing Aids.
- Receiver-in-Canal (RIC) Hearing Aids.
- In-the-Canal (ITC) Hearing Aids.
Osel Devices IPO Date & Price Band Details
| IPO Open Date | 16 Sep 2024 |
|---|---|
| IPO Close Date | 19 Sep 2024 |
| IPO Size | 4,416,000 shares (Approx ₹70.66 Cr) |
| Fresh Issue | 4,416,000 shares (Approx ₹70.66 Cr) |
| Lot Size | 800 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹155 to ₹160 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Osel Devices IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹128,000 |
| Retail Maximum | 1 | 800 | ₹128,000 |
| S-HNI Minimum | 2 | 1600 | ₹256,000 |
Object of the Issue
- Prepayment or repayment of certain loans availed by our Company.
- Funding of working capital requirements of our Company.
- General Corporate Purposes.
Osel Devices IPO Allotment & Listings (Details)
| IPO Open Date | 16 Sep 2024 |
|---|---|
| IPO Close Date | 19 Sep 2024 |
| Basis of Allotment | 20 Sep 2024 |
| Refunds | 23 Sep 2024 |
| Credit to Demat Account | 23 Sep 2024 |
| IPO Listing Date | 24 Sep 2024 |
Osel Devices Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹132.69 | ₹114.14 | ₹13.05 |
| 2023 | ₹81.96 | ₹74.99 | ₹4.66 |
| 2022 | ₹65.55 | ₹62.57 | ₹2.12 |
Our Company Promoters
- Rajendra Ravi Shanker Mishra
- Jyotsna Jawahar
Qualitative Factors
- Specialized LED display system and hearing aids manufacturer with long standing market presence.
- Geographical presence.
- Quality Assurance and Quality Control of our products.
- Strong, cordial & long-term relationship with our clients.
- Cost effective production and timely fulfilment of orders.
- Well experienced management team.
- Marque Customers.
- Post Sale service and support.
Also Read: Sodhani Academy of Fintech Enablers IPO
Osel Devices Company Contact Details
Office No.- 712, Naurang House K.G. Marg,
Connaught Place, Central Delhi, New Delhi- 110 001,
Delhi, India.
Telephone: +91 116 666 7621
E-mail: info@oseldevices.com
Investor grievance id: grievances@oseldevices.com
Website: www.oseldevices.com
Osel Devices Lead Manager
Horizon Management Private Limited
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata – 700 001, West Bengal, India.
Telephone: +91 334 600 0607
E-mail: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Investor grievance: investor.relations@horizon.net.co
Contact Person: Manav Goenka
Osel Devices IPO Registrar
MAS Services Limited
T-34, 2nd Floor, Okhla Industrial Area, Phase-II New Delhi- 110 020,
Delhi, India.
Telephone: +91 112 638 7281/83, 114 132 0335
E-mail: ipo@masserv.com
Website: www.masserv.com
Investor grievance: investor@masserv.com
Contact Person: N. C. Pal
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