Issue Price
₹ 155-₹ 160
per equity share
Issue Size
31.58 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
800
equity share
Please note
Listing at NSE
Osel Devcies Limited
Important Dates
IPO Open Date
16 Sep 2024
IPO Close Date
19 Sep 2024
Allotment Date
19 Sep 2024
Initiation of Refunds
20 Sep 2024
Credit of Shares to Demat Account
20 Sep 2024
IPO Listing Date
23 Sep 2024
UPI Mandate Expiry Date
18 Sep 2024
IPO Details
Osel Devices IPO is open for subscription starting Monday, September 16, 2024, and closing on Wednesday, September 18, 2024. This upcoming IPO's price band is Rs 155 to Rs 160 per share. The minimum lot size set for the retail category is 800 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1600 shares.
The minimum investment required for retail category investors is Rs 1,28,000 (160 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,56,000 (160 x 1600 shares).
Osel Devices IPO is a book-built issue of Rs 70.66 crores. This upcoming IPO is an entirely fresh issue of 44.16 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, September 19, 2024. Osel Devices IPO will be listed on NSE SME on Monday, September 23, 2024. Horizon Management Private Limited is the book-running lead manager, Mas Services Limited is the registrar, and Giriraj Stock Broking is the market maker for this IPO.
Seize the deal, apply for IPO today!
Apply for IPOAbout Osel Devcies Limited
Osel Devices Limited was founded in 2006 and engaged in the business of manufacturing a range of LED display systems and hearing aids. LED display systems include all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centres, 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.
Osel Devices 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. Also, they manufacture digitally programmable and non-programmable hearing aids
Parent Organisation
-
Founded
2006
Managing Director
Rajendra Ravi Shanker Mishra and Jyotsna Jawahar
IPO Objectives
The net funds received from this IPO will be used for the repayment and prepayment of the past borrowing taken by the company to clear the debt. The remaining funds will be allocated for funding the day-to-day capital needs of the company and fulfilling the general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open a Demat Account Now
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PAN Card | Aadhaar Card | Bank Account Number
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