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Osel Devices Limited IPO (Osel Devices IPO) Details

Osel Devices Limited

Osel Devices IPO's overview

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

    SME
  • 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 Day-wise IPO GMP Trend

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%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
23-Sep-24160.00100
260(62.50%)23-Sep-2024 15:55
22-Sep-24160.00111
271(69.38%)22-Sep-2024 23:23
21-Sep-24160.00111
271(69.38%)21-Sep-2024 23:32
20-Sep-24160.00110
270(68.75%)20-Sep-2024 23:26
19-Sep-24160.00110
270(68.75%)19-Sep-2024 23:25
18-Sep-24160.00110
270(68.75%)18-Sep-2024 23:30
17-Sep-24160.00110
270(68.75%)17-Sep-2024 23:29
16-Sep-24160.00110
270(68.75%)16-Sep-2024 23:24
15-Sep-24160.00110
270(68.75%)15-Sep-2024 23:30
14-Sep-24160.00110
270(68.75%)14-Sep-2024 23:24
13-Sep-24160.00110
270(68.75%)13-Sep-2024 23:27
12-Sep-24160.00100
260(62.50%)12-Sep-2024 23:29
11-Sep-24160.00100
260(62.50%)11-Sep-2024 23:23
10-Sep-24160.00100
260(62.50%)10-Sep-2024 23:23

Osel Devices IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

18001.28 Lakh (1,28,000)

Retail(Max)

18001.28 Lakh (1,28,000)

HNI(Min)

21,6002.56 Lakh (2,56,000)

About Osel Devices Limited

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:

  • Manufacturer of LED display systems and hearing aids with a long-standing market presence
  • Geographical presence
  • Quality assurance and quality control of our products
  • Strong, cordial and long-term relationships with customers
  • Cost-efficient production and punctual order processing
  • Experienced management team
  • Customers of the brand
  • Service and support after the sale

On March 31, 2024, the company employed 68 employees.

Osel Devices IPO's documents

Osel Devices Limited Contact Details

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]
Websitehttp://www.oseldevices.com/

Osel Devices IPO's Promoters

Rajendra Ravi Shanker Mishra and Jyotsna Jawahar are the company promoters.