Osel Devices Limited was founded in August 2006. As a technology solutions provider, Osel specializes in developing transformative products that enable individuals, businesses and communities to thrive in a rapidly evolving digital world. The company manufactures a full range of LED display systems and the latest hearing aids, including all major components.
The company manufactures a comprehensive range of LED display systems. They are equipped with software and hardware features. The LED display systems are equipped with a content management system that allows them to be connected to a phone or computer and displayed on the screen. Equipped with the latest technology and adhering to strict quality control standards, they produce a wide range of high-performance components and systems. This vertical integration ensures consistency and excellence in every product they deliver.
The company also manufactures hearing aids, commonly known as assistive listening devices. The hearing aids are designed to help people with disabilities, the elderly and chronically hard-of-hearing patients to better manage their daily lives and improve their quality of life.
Osel Devices IPO is a book built issue of Rs. 70.66 crores. The issue is entirely a fresh issue of 44.16 lakh shares. Osel Devices IPO opens for subscription on September 16, 2024 and closes on September 19, 2024. The allotment for the Osel Devices IPO is expected to be finalized on Friday, September 20, 2024. Osel Devices IPO will list on NSE SME with tentative listing date fixed as Tuesday, September 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 ₹128,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹256,000.
Timeline for major events
| Particulars | Details |
| IPO Open Date | Monday, September 16, 2024 |
| IPO Close Date | Wednesday, September 18, 2024 |
| Basis of Allotment | Thursday, September 19, 2024 |
| Initiation of Refunds | Friday, September 20, 2024 |
| The credit of Shares to Demat account | Friday, September 20, 2024 |
| Listing Date | Monday, September 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2024 |
OSEL Devices Ltd IPO Details
| Particulars | Details |
| IPO Date | September 16, 2024 to September 18, 2024 |
| Face Value | Rs 10 per share |
| Price Band | Rs 155 to Rs 160 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 44,16,000 shares (aggregating up to Rs 70.66 Crores) |
| Fresh Issue | 44,16,000 shares (aggregating up to Rs 70.66 Crores) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 1,17,13,200 |
| Shareholding post-issue | 1,61,29,200 |
| Market Maker portion | 2,21,600 shares (Giriraj Stock Broking) |
Shares Application Categories
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | Rs 1,28,000 |
| Retail (Max) | 1 | 800 | Rs 1,28,000 |
| HNI (Min) | 2 | 1,600 | Rs 2,56,000 |
Shares offered to different Investor categories
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
