Osel Devices Limited (NSE SME)

Sep 16, 2024 - Sep 19, 2024

Price ₹155 - ₹160
Premium ₹100
Lot size 800
Allotment Sep 20, 2024
Listing Sep 24, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 800 128000 1836
HNI 2 1600 256000 787

Last updated on 19-Sep-2024 17:02:20

CategoryOfferedAppliedTimes
QIB8384006540720078.01
NIB629600202576800321.75
RETAIL1468800302676000206.07
Total2936800570660000194.31
Retail Apps378345© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹69.11
@8%
₹78.98
@9%
₹88.86
@10%
₹98.73
@11%
₹108.6
@12%
₹118.47
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail33.26%1468800
NII (HNI)14.26%629600
Anchor28.48%1257600
QIB18.99%838400
Market Maker5.01%221600
Total 100.00%4416000

Osel Devices IPO Details

Issue Size4,416,000 shares
(aggregating up to ₹70.66 Cr)
Fresh Issue4,416,000 shares
(aggregating up to ₹70.66 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue11,713,200
Share holding post issue16,129,200
Market Maker portion221,600 shares
Giriraj Stock Broking

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE34.68%23.39%33.60%
ROCE 43.17%26.91%25.13%
D/E 1.001.131.45
RONW 51.50%37.92%27.83%
EPS 11.314.041.84
P/E
Pre IPO
14.36
P/E
Post IPO
19.77

Company Financials

Osel Devices Limited Financial Information (Restated)

Osel Devices Limited's revenue increased by 62% and profit after tax (PAT) rose by 180% between the financial year ending with March 31, 2024 and March 31, 2023.

PeriodMar 2024Mar 2023Mar 2022
Assets9,864.24,902.093,312.17
Revenue13,268.528,195.586,555.49
Profit1,305.21466212.31
Net Worth2,534.211,229763
Reserves1,380.391,042.9576.9
Borrowing2,545.231,782.29862.87
Amount in ₹ Lakhs

About Company

Osel Devices Limited, established in 2006, manufactures a diverse range of LED display systems and hearing aids. The company’s LED displays serve commercial applications such as advertising, presentations, and command centers, while its hearing aids assist individuals with disabilities and low hearing levels. Osel operates a state-of-the-art facility in Greater Noida with significant production capacities for both LED displays and hearing aids. Known for its cost-efficient production and strong customer relationships, the company is backed by a skilled management team and employs 68 people as of March 31, 2024.

Lead Manager(s)

Horizon Management Private Limited

Strength

Innovation and R&D Focus: Osel Devices Limited has a dedicated R&D facility, enabling it to design innovative products like LED displays and hearing aids, tailored to diverse customer needs .

High Profitability Metrics: Strong financial performance, with high ROE (34.68% in FY 2024) and ROCE (43.17% in FY 2024), reflecting efficient use of capital .

Concentration of Key Clients: The company generates a significant portion of its revenue from its top 5 and top 10 customers, indicating strong customer relationships .

Weakness

Geographical Concentration: A large portion of revenue is generated from select regions, especially Delhi and Uttar Pradesh, making the company vulnerable to economic or competitive changes in these areas .

Customer Concentration: High dependence on a few key customers (over 81% of revenue from top 5 customers), exposing the company to significant risk if any major client reduces orders .

Supply Chain Vulnerabilities: Inability to procure raw materials or meet customer demands may directly impact revenue and profitability .

Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp