Osel Devices Limited

Company Profile
Company Name Osel Devices Limited
Open Date 16-09-2024
Close Date 19-09-2024
Exchange NSE SME
Lot Size 800 Shares
Issue Price ₹155 to ₹160 per share
Issue Size 44,16,000 shares
Application Amount ₹1,28,000
Recommendation Avoid
Osel Devices Limited was originally formed and incorporated as “Innovative Infratech Solutions Private Limited” on Aug 14, 2006. The registered office is located at New Delhi, India. The company manufactures comprehensive range of LED display systems. They also manufacture latest hearing aids commonly known as assisted healthcare devices. The company had 68 permanent employees as of March 31, 2024
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 6,524.53 8,188.68 13,223.35
EBITDA 433.77 861.47 2,243.11
Net Profit 212.31 466.00 1,305.20
RoCE 40.04% 59.32% 63.17%
ROE 27.83% 37.92% 51.50%
P/E 14.02 6.39 14.15

Tentative Timeline

Opening Date 16-09-2024
Closing Date 19-09-2024
Basis of Allotment 20-09-2024
Initiation of Refunds 23-09-2024
Credit of Shares to Demat 23-09-2024
Listing Date 24-09-2024

Objects of the Issue

Prepayment/ repayment of all or portion of certain loans availed by the company.
To meet Working Capital Requirements
General Corporate Purposes

Contact Information

Registered Office 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 info@oseldevices.com
Website http://www.oseldevices.com/

Registrar Details

Name Mas Services Limited
Phone (011) 2610 4142
Email ipo@masserv.com
Website https://www.masserv.com/opt.asp

IPO Reservation

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

Shareholding Pattern

Shareholding Pre Issue (Promoters) 98.50%
Shareholding Post Issue (Promoters) 71.53%

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