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Osel Devices IPO IPO

SME16 Sep 202419 Sep 2024
Open
16 Sep 2024
Close
19 Sep 2024
3
Allotment
Listing
Tue, Sep 24, 2024
Price Band
₹155 to ₹160
Issue Size
44,16,000 shares (agg. up to ₹71 Cr)
Lot Size
800 Shares
Listing Date
Tue, Sep 24, 2024
Latest GMP
₹100
Est. Gain
62.5%
✦ AI Insight

GMP Trend

24-09-2024100Est. ₹260+62.5%
23-09-2024100Est. ₹260+62.5%
22-09-2024111Est. ₹271+69.38%

Live Subscription

CategorySubscription (times)
Total135.80x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets98.6449.0233.12
Total Income132.6981.9665.55
Profit After Tax13.054.662.12
NET Worth25.3412.297.63
Reserves and Surplus13.8010.435.77
Total Borrowing25.4517.828.63
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Aprameya Engineering Ltd.SME₹29.23 Cr₹5823.49₹75.60+30.34%₹147.00 (-1.97%)
Amkay Products Ltd.SME₹12.61 Cr₹5523.18₹109.72+99.49%₹52.00 (+2.36%)
Royal Sense Ltd.SME₹9.86 Cr₹6833.33₹122.74+80.50%₹102.68 (-14.79%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Prepayment or repayment of certain loans availed by the Company;6.00
2Funding of working capital requirements of the Company;44.00
3General Corporate Purposes10.78

About Osel Devices IPO

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.

Contact Details

Osel Devices Ltd. AddressOffice No.-712, Naurang House K.G.MargConnaught Place, Central DelhiNew Delhi, New Delhi, 110001+91 120 635 1600info@oseldevices.comVisit Website