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
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 838400 | 65407200 | 78.01 |
| NIB | 629600 | 202576800 | 321.75 |
| RETAIL | 1468800 | 302676000 | 206.07 |
| Total | 2936800 | 570660000 | 194.31 |
| Retail Apps | 378345 | © 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 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.26% | 1468800 |
| NII (HNI) | 14.26% | 629600 |
| Anchor | 28.48% | 1257600 |
| QIB | 18.99% | 838400 |
| Market Maker | 5.01% | 221600 |
| Total | 100.00% | 4416000 |
Osel Devices IPO Details
| Issue Size | 4,416,000 shares (aggregating up to ₹70.66 Cr) |
| Fresh Issue | 4,416,000 shares (aggregating up to ₹70.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,713,200 |
| Share holding post issue | 16,129,200 |
| Market Maker portion | 221,600 shares Giriraj Stock Broking |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 34.68% | 23.39% | 33.60% |
| ROCE | 43.17% | 26.91% | 25.13% |
| D/E | 1.00 | 1.13 | 1.45 |
| RONW | 51.50% | 37.92% | 27.83% |
| EPS | 11.31 | 4.04 | 1.84 |
| 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.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 9,864.2 | 4,902.09 | 3,312.17 | |||||||||||||||||||||||||||
| Revenue | 13,268.52 | 8,195.58 | 6,555.49 | |||||||||||||||||||||||||||
| Profit | 1,305.21 | 466 | 212.31 | |||||||||||||||||||||||||||
| Net Worth | 2,534.21 | 1,229 | 763 | |||||||||||||||||||||||||||
| Reserves | 1,380.39 | 1,042.9 | 576.9 | |||||||||||||||||||||||||||
| Borrowing | 2,545.23 | 1,782.29 | 862.87 | |||||||||||||||||||||||||||
| 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.
Horizon Management Private Limited
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 .
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 .
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp