Osel Devcies Limited

16 Sep 2024 - 19 Sep 2024 Individual Category SME NSE

Min Investment

₹128000

Price Band

₹155-₹160

Issue Size

31.58 lakhs
Equity Shares

Lot Size

800

IPO Dates
img

16 Sep 2024

Open Date

img

19 Sep 2024

Close Date

img

20 Sep 2024

Allotment Date

img

24 Sep 2024

Listing Date

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.

Know Before Investing

Strengths icon

Weaknesses icon

About 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

Founded

2006

Managing Director

Rajendra Ravi Shanker Mishra and Jyotsna Jawahar

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account