Osel Devices Limited
Osel Devices IPO is a book built issue of ₹70.66 Cr (70,65,60,000). The issue includes a fresh issue of 44.16 Lakh (44,16,000) shares aggregating to ₹70.66 Cr (70,65,60,000).
Osel Devices IPO bidding started from Sep 16, 2024 and ended on Sep 19, 2024. The allotment for Osel Devices IPO was finalized on Sep 20, 2024. The shares got listed on NSE on Sep 24, 2024.
Osel Devices IPO price band is set at ₹155 to ₹160 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹1.24 Lakh (1,24,000).
Refer to Osel Devices IPO RHP for detailed information.
IPO date
Sep 16,2024 - Sep 19,2024
Listing Date
Sep 24,2024
Face value
₹10
Price Band
₹155 to ₹160 per share
Lot
₹800 Shares
Total Issue Size
44.16 Lakh (44,16,000)
aggregating up to ₹70.66 Cr (70,65,60,000)
Fresh Issue
44.16 Lakh (44,16,000)
aggregating up to ₹70.66 Cr (70,65,60,000)
Issue Type
Book Building
IPO Type
Listing At
NSE
Mon, Sep 16, 2024
IPO Open
Thu, Sep 19, 2024
IPO Close
Fri, Sep 20, 2024
Basis of Allotment
Mon, Sep 23, 2024
Initiation of Refunds
Mon, Sep 23, 2024
Credit of Shares to Demat
Tue, Sep 24, 2024
Listing
Osel Devices IPO last GMP is ₹100, last updated Sep 23,2024. With the price band of 160.00, Osel Devices IPO's estimated listing price is ₹260 (cap price + today's GMP).The expected percentage gain/loss per share is 62.50%.
Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
---|---|---|---|---|
23-Sep-24 | 160.00 | 100 | 260(62.50%) | 23-Sep-2024 15:55 |
22-Sep-24 | 160.00 | 111 | 271(69.38%) | 22-Sep-2024 23:23 |
21-Sep-24 | 160.00 | 111 | 271(69.38%) | 21-Sep-2024 23:32 |
20-Sep-24 | 160.00 | 110 | 270(68.75%) | 20-Sep-2024 23:26 |
19-Sep-24 | 160.00 | 110 | 270(68.75%) | 19-Sep-2024 23:25 |
18-Sep-24 | 160.00 | 110 | 270(68.75%) | 18-Sep-2024 23:30 |
17-Sep-24 | 160.00 | 110 | 270(68.75%) | 17-Sep-2024 23:29 |
16-Sep-24 | 160.00 | 110 | 270(68.75%) | 16-Sep-2024 23:24 |
15-Sep-24 | 160.00 | 110 | 270(68.75%) | 15-Sep-2024 23:30 |
14-Sep-24 | 160.00 | 110 | 270(68.75%) | 14-Sep-2024 23:24 |
13-Sep-24 | 160.00 | 110 | 270(68.75%) | 13-Sep-2024 23:27 |
12-Sep-24 | 160.00 | 100 | 260(62.50%) | 12-Sep-2024 23:29 |
11-Sep-24 | 160.00 | 100 | 260(62.50%) | 11-Sep-2024 23:23 |
10-Sep-24 | 160.00 | 100 | 260(62.50%) | 10-Sep-2024 23:23 |
Application | Lots | Shares | Amount |
---|---|---|---|
Retail(Min) | 1 | 800 | ₹1.28 Lakh (1,28,000) |
Retail(Max) | 1 | 800 | ₹1.28 Lakh (1,28,000) |
HNI(Min) | 2 | 1,600 | ₹2.56 Lakh (2,56,000) |
Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, was founded in 2006 and manufactures a comprehensive range of LED display systems and hearing aids.
The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. The company's LED display systems are equipped with a content management system that allows them to be connected to a phone or computer and displayed on screen.
The company also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company's main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company manufactures digitally programmable and non-programmable hearing aids.
Osel’s manufacturing facility in Greater Noida was inaugurated by former Union Minister Shri Pratap Sarangi. The plant has a production capacity of 15,000 square feet of LED display per year and 4,00,000 units of hearing aids per year.
Competitive strengths:
On March 31, 2024, the company employed 68 employees.
Osel Devices Limited
Office No.- 712, Naurang House K.G. Marg,
Connaught Place, Central Delhi,
New Delhi - 110 001
Phone: +91 120 635 1600
Email: [email protected]
Website: http://www.oseldevices.com/
Rajendra Ravi Shanker Mishra and Jyotsna Jawahar are the company promoters.