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SME IPO Status: Open [16th Sep 2024 to 19th Sep 2024]
Osel Devices IPO, a SME IPO of ₹70.66 Cr opens for subscription from 16-09-2024 to 19-09-2024. The IPO consists of ₹70.66 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 155.00-160.00 per share. You can apply to the Osel Devices SME IPO for a minimum lot of 800 shares amounting of Rs 128000.
The tentative listing date on the exchange (NSE SME) is 24-09-2024.Stay tuned with us to get more details about Osel Devices SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 16th Sep 2024 |
| SME IPO Issue Closing Date: | 19th Sep 2024 |
| SME IPO Issue Price: | ₹155.00-160.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹70.66 Cr |
| Fresh Issue: | ₹70.66 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 98.50% |
| Promoter Holding Post IPO: | 71.53% |
Get important updates regarding Osel Devices SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Sep 2024 |
| Refunds Initiation* | 23rd Sep 2024 |
| Credit of Shares to Demat* | 23rd Sep 2024 |
| SME IPO Listing Date* | 24th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹155.00-160.00 |
| Market Lot: | 800 Shares |
| 1 Lot Amount: | ₹128000 |
| Min HNI Lots: | 1600 shares (2 lots)- ₹256000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 160.00 | 110 | 66900 | ₹270 (68.75%) | 19-Sep-2024 13:31 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Osel Devices Limited was founded in August 2006. As a technology solutions provider, Osel specializes in developing transformative products that enable individuals, businesses and communities to thrive in a rapidly evolving digital world. The company manufactures a full range of LED display systems and the latest hearing aids, including all major components.
The company manufactures a comprehensive range of LED display systems. They are equipped with software and hardware features. The LED display systems are equipped with a content management system that allows them to be connected to a phone or computer and displayed on the screen. Equipped with the latest technology and adhering to strict quality control standards, they produce a wide range of high-performance components and systems. This vertical integration ensures consistency and excellence in every product they deliver.
The company also manufactures hearing aids, commonly known as assistive listening devices. The hearing aids are designed to help people with disabilities, the elderly and chronically hard-of-hearing patients to better manage their daily lives and improve their quality of life.
OSEL develops, manufactures, assembles and distributes active LED display systems and the latest hearing aids. The products consist of:
OSEL's strategy for the LED digital display and hearing aid industry is based on the principles of integrity, partnership and effectiveness. The company places great emphasis on transparency and compliance and works with urban planners and healthcare professionals to develop innovative solutions.
| Incorporation | Sector | IPO Issue Size | Website |
| 2006 | miscellaneous | ₹70.66 Cr | http://www.oseldevices.com/ |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 838,400 (28.55%) | 629,600 (21.44%) | 1,468,800 (50.01%) | 2,936,800 | |
| 1 | 16th Sep 2024 15:00 | 0.00x | 1.67x | 6.12x | 3.42x |
| 2 | 17th Sep 2024 19:32 | 0.00x | 17.70x | 40.69x | 24.15x |
| 3 | 18th Sep 2024 16:22 | 0.00x | 32.62x | 73.92x | 43.96x |
| 4 | 19th Sep 2024 12:44 | 9.44x | 82.84x | 132.73x | 86.84x |
Osel Devices Limited's revenue increased by 62% and profit after tax (PAT) rose by 180% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Osel Devices Limited | 21.96 | 51.5 |
Last Updated on 19-Sep-2024 13:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Osel Devices SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Osel Devices SME IPO with Zerodha.
Alternate approch to apply in Osel Devices SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Osel Devices SME IPO Review and Important Updates
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To subscribe or apply in Osel Devices SME IPO, you can use the following methods:
| Osel Devices SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Osel Devices SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Osel Devices SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Osel Devices SME IPO. Most of the Syndicate Banks provide access to apply in Osel Devices IPO via ASBA process. You must have your net banking access, DP ID information to apply in Osel Devices SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Osel Devices SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Osel Devices SME IPO Review and Important Updates
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Osel Devices SME IPO is going to be list on 24-09-2024.
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Osel Devices SME IPO Allotment Date is 20-09-2024.
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Osel Devices SME IPO share allotment date?Osel Devices SME IPO allotment date?
