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OSEL Devices Ltd

Consumer Durables

Offer Period :

16th to 19th Sep 2024

Osel Devices Limited, previously known as Innovative Infratech Solutions Private Limited, was established in 2006 and specializes in the manufacturing of LED display systems and Read more...hearing aids. The company offers a comprehensive range of LED display systems used in commercial applications, such as advertising media, billboards, corporate presentations, command centers, and front signs. These systems are integrated with content management software, enabling seamless connectivity with phones or computers for easy display management.

In addition to LED systems, OSEL Devices Ltd also manufactures hearing aids, catering to individuals with hearing impairments, the elderly, and those with disabilities. Its major client in this segment is the Artificial Limbs Manufacturing Corporation of India. The company produces both digitally programmable and non-programmable hearing aids, ensuring accessibility for various customer needs. The company's state-of-the-art manufacturing facility in Greater Noida, inaugurated by former Union Minister Shri Pratap Sarangi, has the capacity to produce 15,000 square feet of LED displays and 400,000 hearing aid units annually.  Read less

OSEL Devices Ltd IPO Details

IPO Date 16th to 19th Sep 2024 Minimum Investment ₹128000 / 1 Lots
Listing Date 2024-09-24 Maximum Investment ₹128000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹70.66 Crores
Price ₹160 to ₹160 per share Fresh Issue ₹70.66 Crores
Lot Size 1 Lots (800 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 16th to 19th Sep 2024
Listing Date 2024-09-24
Face Value ₹10 per share
Price ₹160 to ₹160 per share
Lot Size 1 Lots (800 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹128000 / 1 Lots
Maximum Investment ₹128000 / 1 Lots
Total Issue Size ₹70.66 Crores
Fresh Issue ₹70.66 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

16th Sep

IPO Starts

19th Sep

IPO Ends

20th Sep

Allotment Date

23rd Sep

Initiation of Refund

23rd Sep

Credit of Shares to Demat Account

24th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 98.5 71.53
Public Group 1.5 28.47

OSEL Devices Ltd IPO Reservation

QIB Shares Offered 838400(18.99%)
NII (HNI) Shares Offered 629600(14.26%)
Retail Shares Offered 1468800(33.26%)
Anchor Investor Shares Offered 1257600(28.48%)
Total Shares Offered 4416000
Total Shares With Anchor Investor 4416000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

OSEL Devices Ltd IPO Registrar

MAS Services Ltd
Phone Number +91 112 638 7281/83,
Email Id investor@masserv.com
Our Website www.masserv.com

OSEL Devices Ltd IPO Lead Manager

1. Horizon Management Pvt Ltd

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OSEL Devices Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of OSEL Devices Ltd

1. One of the leading specialized LED display system and hearing aids manufacturer with long standing market presence.

2. Geographical presence.

3. Quality Assurance and Quality Control of its products.

4. Strong, cordial & long-term relationship with its clients.

5. Cost effective production and timely fulfilment of orders.

6. Well experienced management team.

7. Marque Customers.

8. Post Sale service and support.

Risks Involved

1. Its commercial success is largely dependent upon the company ability to develop and design innovative products suitable for the requirements of its customers. The company inability to effectively utilize and manage its ability to develop and design innovative products would impact its business, revenue and profitability.

2. The Company is reliant on the demand from the healthcare industry for a significant portion of its revenue. Any downturn in the healthcare industry or an inability to increase or effectively manage its sales could have an adverse impact on the Company's business and results of operations.

3. The commercial success of its products depends to a large extent on the success of the products of its end use customers. If the demand for the end use products in which its products are used as a raw materials declines, it could have a material adverse effect on its business, financial condition and results of operations.

4. The company depends on a few customers of its products, for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect its business and results of operations.

5. The company generates its major portion of sales from its operations in certain geographical regions. Any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

6. The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

7. The company has a limited operating history in respect of its products, which may make it difficult for investors to evaluate its business and prospects.

8. A part of the Issue proceeds will be utilized by the Company for repayment or prepayment of loans availed by the Company.

9. The company import majority of its raw materials from China. Any inability to pass on increased price of the key raw materials, used for manufacturing its products may affect the company profitability.

10. The company highly depends on its key raw material and a few key suppliers who help it procure the same. The Company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected.

Competitive Strengths of OSEL Devices Ltd:

 

  • Long-standing presence in the manufacturing of LED display systems and hearing aids
  • Broad geographical reach
  • High standards of quality assurance and control
  • Strong, long-term relationships with clients
  • Cost-efficient production with timely order fulfillment
  • Experienced management team
  • Dedicated after-sales service and support

 

As of March 31, 2024, OSEL Devices Ltd employed 68 people, reflecting the company’s growth and focus on expanding its operational capabilities. The company’s upcoming IPO aims to raise capital to further strengthen its market position and expand its production capacity in both LED systems and hearing aids.

Industry Outlook of OSEL Devices IPO

  • Growth in the Healthcare Devices Industry: The medical devices market in India is projected to grow at a CAGR of 15%, driven by increasing healthcare needs, technological advancements, and government initiatives like Make in India.
  • Rising Demand for Medical Devices: With the growing healthcare infrastructure in India, the demand for advanced and affordable medical devices, including those manufactured by OSEL Devices, is increasing significantly.
  • Government Focus on Healthcare: The Indian government’s focus on improving healthcare access and encouraging domestic manufacturing of medical devices is expected to benefit companies like OSEL Devices Ltd.
  • Export Opportunities: India is becoming a global hub for medical device manufacturing, offering export opportunities for companies in this sector.
  • Innovation and Technology: Technological advancements in medical devices are driving the growth of the industry, with companies like OSEL Devices leveraging innovation to meet market demands.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

OSEL Devices Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-24 93254 OSELDEVICE
INE0RMF01018
₹160 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹160 ₹160
Open ₹0 ₹198.05
Low ₹0 ₹190.1
High ₹0 ₹207.95
Low ₹0 ₹190.1

Frequently Asked Questions

What is OSEL Devices Ltd IPO?

Answer Field

OSEL Devices Ltd IPO is a SME IPO of 44,16,000 equity shares of a face value of ₹10 aggregating up to ₹70.66 Crores. The issue is priced at ₹160 to ₹160 per share. The minimum order quantity is 800 Shares. The IPO opens on September 16, 2024, and closes on September 19, 2024. MAS Services Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When OSEL Devices Ltd IPO will open?

Answer Field

The OSEL Devices Ltd IPO opens on September 16, 2024 and closes on September 19, 2024.

What is the lot size of OSEL Devices Ltd?

Answer Field

OSEL Devices Ltd lot size is 800 shares, and the minimum amount required is ₹1,28,000.

How to apply for OSEL Devices Ltd IPO?

Answer Field

You can apply in OSEL Devices Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is OSEL Devices Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for OSEL Devices Ltd IPO will be done on September 20, 2024, and the allotted shares will be credited to your demat account by September 23, 2024.

When is OSEL Devices Ltd IPO listing date?

Answer Field

The OSEL Devices Ltd listing date is September 24, 2024.

Who is the registrar of OSEL Devices Ltd IPO?

Answer Field

The registrar of OSEL Devices Ltd IPO is MAS Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Horizon Management Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of OSEL Devices Ltd IPO?

Answer Field

The fresh issue size is ₹70.66 Crores equity shares.

What minimum lot size can retail subscribers subscribe to OSEL Devices Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 800 shares and ₹1,28,000 amount.

How can I approve the UPI mandate request for OSEL Devices Ltd IPO?

Answer Field

To apply for OSEL Devices Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of OSEL Devices Ltd?

Answer Field

The price of each OSEL Devices Ltd share will be ranging in between ₹160 to ₹160 per share.

What is the cut-off time for the UPI mandate for OSEL Devices Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 19, 2024.

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