Osel Devices Makes a Strong Entry with 23.07% premium, shares lists at ₹198.05 on NSEOsel Devices Makes a Strong Entry with 23.07% premium, shares lists at ₹198.05 on NSE

Osel Devices made a solid debut on the NSE SME, with shares listing at ₹198.05, reflecting a 23.07% premium over the issue price. This decent listing highlights positive investor interest and market confidence in the company’s potential within the SME segment.

Osel Devices Ltd IPO  concluded with  remarkable demand on Day 4, with the issue being subscribed 180.68 times. This impressive oversubscription highlights strong investor interest and confidence in the company, reflecting its potential appeal across various investor segments in the market.

Osel Devices Limited manufactures advanced LED display systems for commercial applications like advertising and command centres, as well as hearing aids to support individuals with hearing impairments. With in-house R&D and cutting-edge technology, they ensure high-quality standards through rigorous testing. Driven by integrity and collaboration, Osel aims to create impactful products for both domestic and international markets.

Osel Devices Ltd aims to utilise ₹6 crores for loan repayment, ₹44 crores for working capital needs in fiscal 2025, and the remaining funds for general corporate purposes to support growth and operational efficiency.