Osel Devices Ltd. was incorporated on August 14, 2006. The company manufactures a comprehensive range of LED display systems. These LED display systems are enabled with a content management system which allows them to connect to a phone or computer and display on screen.
| Bidding Dates |
|---|
| 16 Sep 2024 - 19 Sep 2024 |
| Subscription |
|---|
| 180.68x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 800 | 4.4 M | ₹155 - ₹160 | 71.53 % | ₹684.5 M - ₹706.6 M | RHP DOC |
Osel Devcies Ltd. IPO SUBSCRIPTION STATUS
19 Sep '24Osel Devcies Ltd. IPO overall subscription rate was 180.68 times the total available shares
Osel Devcies Ltd. IPO retail subscription rate was 273.65 times in the retail segment
Osel Devcies Ltd. IPO non-institutional investor subscription rate was 427.31 times in the non-institutional investor category
Osel Devcies Ltd. IPO Qualified Institutional Bidder subscription rate was 42.2 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35.02% | 15.01% | 49.97% |
19 Sep 2024 (Day 4) | 273.65x | 427.31x | 42.2x |
18 Sep 2024 (Day 3) | 112.79x | 55.39x | 0x |
17 Sep 2024 (Day 2) | 53.03x | 23.85x | 0x |
16 Sep 2024 (Day 1) | 15.68x | 5.68x | 0x |
Osel Devcies Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 130.5 | 1,322.3 | 122.0 | -6.1 | 17.3% |
| FY23 | 46.6 | 818.9 | -106.8 | -124.0 | 10.6% |
| FY22 | 21.2 | 652.5 | 25.7 | 23.3 | 7.1% |
Osel Devcies Ltd. IPO SUBSCRIPTION STATUS DETAILS
Osel Devcies Ltd. had 4.4 M shares on offer
Osel Devcies Ltd. IPO offer price was in the range ₹155 - ₹160
Osel Devcies Ltd. IPO minimum Investment was ₹124000
Osel Devcies Ltd. IPO issue size was ₹ 684.5 M - ₹ 706.6 M
Osel Devcies Ltd. had a minimum lot size of 800 Shares per application
Osel Devcies Ltd. NUMBER OF SHARES ON OFFER
Osel Devcies Ltd. IPO IMPORTANT DATES
| Issue Open Date | 16 Sep 2024 |
| Issue close Date | 19 Sep 2024 |
| Allotment Date | 20 Sep 2024 |
| Refund Date | 23 Sep 2024 |
| Demat Account Credit Date | 23 Sep 2024 |
| Listing Date | 24 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Osel Devcies Ltd. Allotment Status | Exchange |
Osel Devcies Ltd. IPO subscription opened on 16 Sep 2024, and closed on 19 Sep 2024
IPO allotment for Osel Devcies Ltd. was finalized on Friday, 20 Sep 2024
IPO listing for Osel Devcies Ltd. was on NSE on Tuesday, 24 Sep 2024
Osel Devcies Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 160.0 |
| Listing Open Price | 198.1 |
| Listing Close Price | 207.9 |
| Listing Gain% | 23.8% |
| Current Gain% | 150.1% |
Osel Devcies Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Osel Devices Ltd. | 400.1 | 645.3 | 24.4 | 0.8 | 2.2 | 14.3 | 8.2 | 294.6 | 57.9 | 29.2 | 45.7 | 16.4 | 32 |
| Havells India Ltd. | 1288 | 80750.1 | 49.4 | 3.2 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2717 | 78154.9 | 20.5 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16631 | 66829.5 | 56.6 | 1.7 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1047.2 | 47537.8 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37900 | 33509.3 | 60.8 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
Osel Devcies Ltd. INFORMATION ON IPO ISSUE
About Osel Devcies Ltd.
Osel Devices Ltd. was incorporated on August 14, 2006. The company manufactures a comprehensive range of LED display systems. These LED display systems are enabled with a content management system which allows them to connect to a phone or computer and display on screen.
Object of the Issue
- Prepayment or repayment of certain loans availed by the company.
- Funding of working capital requirements of the company.
- General corporate purposes.
Osel Devcies Ltd. - PROMOTERS
| Name |
|---|
| Rajendra Ravi Shanker Mishra |
| Jyotsna Jawahar |
Osel Devcies Ltd. Book running lead manager
Horizon Management Private Limited
smeipo@horizon.net.co
Osel Devcies Ltd. Registrar to the issue
MAS Services Limited
ipo@masserv.com
Osel Devcies Ltd. Strengths
Long standing market presence
The company has emerged as a pioneering force in the tailor-made LED display systems and hearing aids industry. Its sustained market presence has not only facilitated nationwide expansion but has also positioned it as a reliable partner for system integrators and other hearing aid manufacturers
Cost effective production and timely fulfilment of orders
The company has taken various steps to ensure adherence to the timely fulfillment of orders and to achieve greater cost efficiency at its existing manufacturing and assembling unit
Osel Devcies Ltd. Risks
Reliant on the healthcare industry
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
Depend on a few customers
The company depends on a few customers of its products, for a significant portion of its revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the company's business
Import majority of raw materials from China
The company imports a majority of its raw materials from China. Any inability to pass on increased price of the key raw materials, used for manufacturing the products may affect its profitability
IPO FAQs
The promoters of the company are Rajendra Ravi Shanker Mishra and Jyotsna Jawahar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 155.0 - 160.0.
The IPO application opens on Sep 16, 2024 and closes on Sep 19, 2024.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Sep 20, 2024.
The refund will be credited to your account on Sep 23, 2024.
The allotted shares will be credited to your demat on Sep 23, 2024.
Osel Devcies Ltd.’s shares listed on the stock exchanges on Sep 24, 2024.