Osel Devices Limited is coming up with an IPO with a fresh issue of 44,16,000 shares worth INR 70.66 crores. The company aims to use funds for loan repayment, working capital needs, and general corporate purposes.
Osel Devices IPO – Important Dates
| Osel Devices Limited IPO Date | September 16, 2024 to September 19, 2024 |
| Osel Devices Limited IPO Listing Date | September 24, 2024 |
| Osel Devices Limited IPO Price | INR 155-160 per share |
| Osel Devices Limited IPO Lot Size | 800 Shares |
| Osel Devices Limited IPO Total Issue Size | INR 70.66 crores |
| Osel Devices Limited IPO Basis of Allotment | September 20, 2024 |
| Osel Devices Limited IPO Initiation of Refunds | September 23, 2024 |
| Osel Devices Limited IPO Credit of Shares to Demat | September 23, 2024 |
| Osel Devices Limited IPO Issue Type | Book Built Issue IPO |
| Osel Devices Limited IPO Listing At | NSE SME |
Read more Osel Devices Limited IPO GMP
Osel Devices Limited IPO – Company Profile
Osel Devices Limited manufactures LED display systems with advanced content management for diverse commercial uses, including advertising and command centers. Additionally, they produce hearing aids for individuals with hearing impairments, supporting their daily activities and improving their quality of life.
They utilize advanced equipment and in-house R&D for designing, manufacturing, and quality control of LED display systems and hearing aids. Their rigorous testing ensures high standards, facilitating domestic growth and international exports, including use in various commercial applications.
Guided by integrity, partnership, and effectiveness, Osel leverages technology to create impactful LED displays and user-friendly hearing aids. They prioritize transparency and collaboration, envisioning a future of enhanced experiences and positive impact.
Osel Devices Ltd IPO Fundamental Analysis
Osel Devices Limited’s financial analysis reveals a mixed performance. Revenue has steadily increased, profitability has improved, and return on net worth has risen while debt reliance has decreased. However, the EPS and inventory turnover ratio saw declines.
- Revenue Trend: The revenue increased from ₹6,524.53 lakhs in March 2022 to ₹8,188.68 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 13,223.35 lakhs.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹212.31 lakhs in March 2022 to ₹1,305.21 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹11.41 in March 2022 to ₹11.31 by March 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 27.83% to 51.50%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Osel Devices IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 6,524.53 | 8,188.68 | 13,223.35 |
| Equity (₹ in lakhs) | 763.00 | 1,229.00 | 2,534.21 |
| Expenses (₹ in lakhs) | 6,256.94 | 7,498.86 | 11,413.96 |
| Profit and Loss After Tax (₹ in lakhs) | 212.31 | 466.00 | 1,305.21 |
| Diluted EPS only (₹) | 11.41 | 25.04 | 11.31 |
| Return on Net Worth (%) | 27.83 | 37.92 | 51.50 |
| NAV per Equity Share (₹) | 6.61 | 10.65 | 21.96 |
| Total Assets (in lakhs) | 3,312.17 | 4,902.09 | 9,864.20 |
| Total Liabilities (in lakhs) | 2,549.17 | 3,673.09 | 7,329.99 |
| Debt Equity Ratio | 1.13 | 1.45 | 1.00 |
| Current Ratio (in times) | 1.17 | 1.20 | 1.24 |
| Inventory Turnover Ratio | 9.17 | 5.76 | 6.07 |
Osel Devices Limited IPO Peer Comparison
No listed companies in India are comparable in all aspects of business and products to Osel Devices Limited. Accordingly, it is impossible to provide an industry comparison concerning their company.
Osel Devices Ltd IPO Objective
The main objective of Osel Devices Limited is to prepay or repay loans and fund its working capital needs.
- Prepayment or repayment of all or a portion of loans availed by their company: The company intends to utilize INR 6 crores from the net proceeds for loan repayment or prepayment, reducing debt, lowering servicing costs, improving debt-to-equity ratio, and enhancing leverage for future business growth.
- Funding the company’s working capital requirements: In fiscal 2025, the company plans to utilize INR 44 crores from the net proceeds to meet working capital requirements, enhance profitability, free internal accruals for growth, and achieve business plan targets.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including new product development, operating expenses, business development, marketing, and unforeseen difficulties, to support overall growth and operational efficiency.
Osel Devices IPO Risks And Challenges
Osel Devices Limited’s risk includes reliance on continuous innovation, competition in pricing and quality, dependence on the healthcare industry, and vulnerability to downturns in customers’ industries or failure to diversify product applications.
- The success of their business relies on continuously innovating LED displays and hearing aids through their R&D facility to meet diverse customer needs while managing resource allocation and staying competitive in evolving industries.
- Their revenue from hearing aids relies heavily on the healthcare industry. Increased competition, customer substitution due to price or quality differences, and competitors offering lower-priced products could negatively impact their sales and profitability.
- Their business success depends on the demand for their customers’ end-use products. A downturn in their industries, cost-effective alternatives, or failure to diversify applications could negatively impact their operations and profitability.
Osel Devices Ltd IPO – Industry & Market Potential
The ESDM industry in India, spanning various sectors, is projected to grow at a 16.1% CAGR through 2025, driven by high demand, supportive policies, and digitalization. Exports and production targets will significantly increase.
India, the second-largest mobile phone manufacturer, will be the fifth-largest electronics consumer by 2025. With significant investments in semiconductors, AI, and electronics manufacturing, it targets $300 billion in electronics manufacturing and $120 billion in exports by 2025-26.
India is advancing its electronics sector with strong R&D and infrastructure support, aiming to boost its global share to 9-10% by 2025. Tamil Nadu and Uttar Pradesh are driving significant growth and investments.
Osel Devices Limited IPO – Type of Offer
Osel Devices Limited is coming up with an IPO with a fresh issue of 44,16,000 shares worth INR 70.66 crores. The company aims to use funds for loan repayment, working capital needs, and general corporate purposes.
Osel Devices IPO Offer Size
The offer size of Osel Devices Limited is INR 70.66 crores, consisting of a fresh issue of 44,16,000 shares. The company seeks funds for loan repayment, working capital needs, and general corporate purposes.
Osel Devices Limited IPO Allotment Structure
Osel Devices Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 221,600 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 221,600 shares, are reserved for market makers.
Read more about Osel Devices Limited IPO Allotment Status
How to apply for the Osel Devices IPO?
To apply for the Osel Devices Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Osel Devices Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Osel Devices Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more about Osel Devices Limited IPO Day 1 Subscription
How do you check Osel Devices IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Osel Devices Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Osel Devices Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Osel Devices Limited IPO:
● Registrar’s Website: Visit the website of MAS Services Limited, the registrar of the Osel Devices Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more about Osel Devices Limited IPO Day 2 Subscription
Osel Devices Ltd IPO Offer Registrar
The registrar for the Osel Devices Limited IPO is MAS Services Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
MAS Services Limited
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Telephone: +91 112 638 7281/83, 114 132 0335
Facsimile: +91 112 638 7384
E-mail: [email protected]
Website: www.masserv.com
Read more about Osel Devices Limited IPO Day 3 Subscription
Osel Devices IPO – FAQs
The allotment date of the Osel Devices Limited IPO is September 20, 2024.
The price band of the issue is INR 155-160 per share.
The offer size of Osel Devices Limited is INR 70.66 crores, consisting of a fresh issue of 44,16,000 shares. The company seeks funds for loan repayment, working capital needs, and general corporate purposes.
The listing date of Osel Devices Limited’s IPO is September 24, 2024.
