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OSEL Devices IPO: Things Smart Investors Need to Know

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OSEL Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, is launching its initial public offering (IPO) to raise funds for future expansion and operations. Founded in 2006, the company is a key player in manufacturing LED display systems and hearing aids. OSEL Devices caters to a wide range of industries, including advertising, healthcare, and commercial sectors. Its LED display systems are widely used for billboards, corporate boardrooms, presentations, and command centers. Additionally, the company manufactures digital and non-programmable hearing aids, focusing on improving the quality of life for people with hearing impairments.

With a strong market presence and an established manufacturing facility in Greater Noida, OSEL Devices is poised for growth. The IPO will help the company strengthen its position in the market and expand its product offerings. This provides a valuable investment opportunity for smart investors who are keen on entering the healthcare and technology sectors through a well-established company.

OSEL Devices IPO Details and Objectives

The OSEL Devices IPO is expected to raise ₹70.66 crores through a fresh issue of 44.16 lakh shares. The primary objectives of this IPO are to strengthen the company’s financial position and support its future growth.

Purpose of the IPO:

The proceeds from the OSEL Devices IPO will be utilized for the following:

Prepayment or Repayment of Loans: A portion of the funds will be used to prepay or repay certain loans the company has availed.

Funding Working Capital Requirements: The company will allocate funds towards meeting its working capital needs, ensuring smoother operations and financial flexibility.

General Corporate Purposes: Remaining proceeds will be directed toward general corporate expenses, which include expansion initiatives and operational improvements.

Issue Size: ₹70.66 crores (entirely a fresh issue)

  •  
  • IPO Opening Date: September 16, 2024
  • IPO Closing Date: September 19, 2024
  • Allotment Date: September 20, 2024
  • Listing Date: September 24, 2024 (NSE SME)

The price band for the OSEL Devices IPO is set between ₹155 and ₹160 per share. The minimum lot size for retail investors is 800 shares, requiring an investment of ₹128,000. High Net-Worth Individuals (HNIs) need to apply for at least 2 lots (1,600 shares), amounting to ₹256,000.

Horizon Management Private Limited is the book-running lead manager for the OSEL Devices IPO, while Mas Services Limited serves as the registrar. Giriraj Stock Broking is the market maker for this issue.

Key Dates to Remember for OSEL Devices IPO

  • OSEL Devices IPO Opening Date: September 16, 2024
  • OSEL Devices IPO Closing Date: September 19, 2024
  • Listing Date: September 24, 2024

Pricing and Lot Size of OSEL Devices IPO

  • IPO Opening Date: Monday, September 16, 2024
  • IPO Closing Date: Thursday, September 19, 2024
  • Basis of Allotment: Friday, September 20, 2024
  • Initiation of Refunds: Monday, September 23, 2024
  • Credit of Shares to Demat: Monday, September 23, 2024
  • Listing Date: Tuesday, September 24, 2024
  • Cut-off Time for UPI Mandate Confirmation: 5 PM on September 19, 2024

How to Apply for the OSEL Devices IPO?

To apply for the OSEL Devices IPO, investors can follow the steps outlined below:

Online Application Process:

  • Log into your demat account via your broker’s platform.
  • Navigate to the IPO section and select "OSEL Devices IPO."
  • Enter the required number of shares (in multiples of 600).
  • Complete the application using UPI or ASBA for payment.
  • Submit the application and confirm the mandate through UPI for final approval.

This simple step-by-step process allows investors to seamlessly apply for the OSEL Devices IPO online.

Financial Health and Performance

Key Financial Metrics:

OSEL Devices Limited has shown significant financial growth over the past few years. The company’s revenue increased by 62% from ₹8,195.58 lakhs in FY 2023 to ₹13,268.52 lakhs in FY 2024. Additionally, the Profit After Tax (PAT) saw an impressive 180% rise, from ₹466 lakhs in FY 2023 to ₹1,305.21 lakhs in FY 2024.

Here is a summary of key financial metrics for the period ending March 31:

Financial MetricFY 2024 (₹ Lakhs)FY 2023 (₹ Lakhs)FY 2022 (₹ Lakhs)
Total Assets9,864.204,902.093,312.17
Revenue13,268.528,195.586,555.49
Profit After Tax (PAT)1,305.21466212.31
Net Worth2,534.211,229763
Reserves and Surplus1,380.391,042.90576.9
Total Borrowings2,545.231,782.29862.87

Investment Risks and Opportunities

Potential Risks of Investing in the IPO:

  • Market volatility could affect stock performance post-listing.
  • Intense competition in the medical and display technology industries.
  • The company's current losses could pose a risk for investors focused on profitability.

Opportunities and Growth Potential:

  • Growing demand for healthcare solutions such as hearing aids.
  • Expansion of digital advertising increases the need for LED display systems.
  • Government initiatives to promote the healthcare and manufacturing sectors provide a favorable environment for growth.

Conclusion

The OSEL Devices IPO presents a promising opportunity for investors looking to enter the healthcare and technology industries. With a strong market presence, innovative products, and a clear growth strategy, OSEL Devices is well-positioned for future success. Investors should weigh the risks and opportunities carefully before making an investment decision.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

What is the OSEL Devices IPO and why is it significant?

Answer Field

The OSEL Devices IPO is an opportunity to invest in a company specializing in LED display systems and hearing aids, two growing sectors in India.

What is the price band for the OSEL Devices IPO, and how was it determined?

Answer Field

The price band for the OSEL Devices IPO is ₹155 to ₹160 per share, determined based on the company’s financial performance and market conditions.

What are the key risks and rewards of investing in the OSEL Devices IPO?

Answer Field

Key risks include market volatility and competition, while rewards include potential growth in the healthcare and LED display sectors.

When will the OSEL Devices IPO shares be listed, and what is the expected market response?

Answer Field

The shares will be listed on September 24, 2024, and the market response is expected to be positive, given the company's growth potential.

What documents should I review before investing in the OSEL Devices IPO?

Answer Field

Investors should review the company's red herring prospectus, financial statements, and risk disclosures before investing.

What are the lock-up period details for the OSEL Devices IPO?

Answer Field

The lock-up period restricts major shareholders from selling their shares for a specific time after listing, typically to stabilize the stock price.

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