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Open
16 Sep 2024
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Close
19 Sep 2024
3
Allotment
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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
24-09-2024₹100Est. ₹260+62.5%
23-09-2024₹100Est. ₹260+62.5%
22-09-2024₹111Est. ₹271+69.38%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 135.80x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 98.64 | 49.02 | 33.12 |
| Total Income | 132.69 | 81.96 | 65.55 |
| Profit After Tax | 13.05 | 4.66 | 2.12 |
| NET Worth | 25.34 | 12.29 | 7.63 |
| Reserves and Surplus | 13.80 | 10.43 | 5.77 |
| Total Borrowing | 25.45 | 17.82 | 8.63 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Aprameya Engineering Ltd. | SME | ₹29.23 Cr | ₹58 | 23.49 | ₹75.60 | +30.34% | ₹147.00 (-1.97%) |
| Amkay Products Ltd. | SME | ₹12.61 Cr | ₹55 | 23.18 | ₹109.72 | +99.49% | ₹52.00 (+2.36%) |
| Royal Sense Ltd. | SME | ₹9.86 Cr | ₹68 | 33.33 | ₹122.74 | +80.50% | ₹102.68 (-14.79%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of certain loans availed by the Company; | 6.00 |
| 2 | Funding of working capital requirements of the Company; | 44.00 |
| 3 | General Corporate Purposes | 10.78 |
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