Osel Devices Limited
Bookbuilding IPO · NSE
- Price band
- ₹155 - ₹160
- Lot size
- 800 shares
- Issue amount
- ₹70.66 cr
- Total subscription
- 194.31×
- Opens
- 16 Sept 2024
- Closes
- 19 Sept 2024
- Allotment
- 20 Sept 2024
- Listing
- 24 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 44,16,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,24,000
- Fresh issue
- ₹70.66 cr
- Offer for sale
- ₹0 cr
- Registrar
- Mas Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,28,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,17,13,200
- Shares after issue
- 1,61,29,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 800 | ₹1,28,000 |
| HNI | 2 | 1,600 | ₹2,56,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 13.41 | 1,046.52 |
| RETAIL | 23.5 | 4,842.82 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 11.31 | 4.04 | 1.84 |
| ROE | 34.68 | 23.39 | 33.6 |
| ROCE | 43.17 | 26.91 | 25.13 |
| RONW | 51.5 | 37.92 | 27.83 |
| PRE IPO(PE) | 14.36 | 0 | 0 |
| POST IPO(PE) | 19.77 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
Risk factors
- 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.
Promoters
Rajendra Ravi Shanker Mishra
Jyotsna Jawahar
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Mas Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No.- 712, Naurang House K.G. Marg, Connaught Place, Central Delhi, New Delhi - 110 001
+91 120 635 1600
[email protected]Company website ↗Understanding OSELDEVICE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.