The Osel Devices IPO is an exciting investment opportunity in the SME IPO space. Scheduled to open for subscription from September 16, 2024 to September 19, 2024, Osel Devices is raising Rs. 70.66 crores through a fresh issue of shares. With a price band set between ₹155 to ₹160 per share and a minimum lot size of 800 shares, this IPO offers investors a unique chance to invest in the company, which specializes in LED display systems and hearing aids.
Osel Devices IPO GMP Today, GMP Stable at ₹110
Let’s dive into the complete details of the Osel Devices IPO, covering its subscription status, listing date, price band, and grey market premium (GMP).
Osel Devices IPO Overview
| IPO Details | Information |
|---|---|
| IPO Date | September 16, 2024 – September 19, 2024 |
| Listing Date | September 24, 2024 (tentative) |
| Price Band | ₹155 to ₹160 per share |
| Lot Size | 800 shares |
| Issue Size | ₹70.66 crores |
| Issue Type | Book Built Issue |
| Listing At | NSE SME |
| Face Value | ₹10 per share |
The IPO allotment is expected to be finalized on September 20, 2024, and the shares will likely be listed on NSE SME on September 24, 2024.
Osel Devices IPO Price Band and Lot Size
The Osel Devices IPO price band has been set between ₹155 to ₹160 per share. Investors can apply for a minimum of 1 lot, consisting of 800 shares, requiring a minimum investment of ₹128,000.
| Application Type | Number of Lots | Number of Shares | Investment Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,000 |
| HNI (Min) | 2 | 1,600 | ₹256,000 |
Stay updated on Osel Devices IPO live updates to track the grey market premium (GMP) and subscription status through our dedicated IPO GMP section.
Osel Devices IPO Subscription Status
The subscription window for Osel Devices IPO opens on September 16, 2024, and closes on September 19, 2024. The subscription data will be updated daily on IPO Subscription Status.
Osel Devices IPO GMP (Grey Market Premium)
The Osel Devices IPO GMP today is one of the key indicators for investors to gauge the interest in the market. GMP reflects the unofficial premium at which the IPO shares are trading before the official listing date.
| Date | IPO GMP | Kostak | Subject to |
| Today | ₹110 | ₹- | ₹65,000 |
| 17 September | ₹110 | ₹- | ₹65,000 |
| 16 September | ₹100 | ₹- | ₹60,000 |
| 13 September | ₹100 | ₹- | ₹60,000 |
| 12 September | ₹100 | ₹- | ₹60,000 |
| 11 September | ₹100 | ₹- | ₹60,000 |
| 10 September | ₹- | ₹- | ₹- |
For the latest updates on Osel Devices IPO GMP, visit our GMP updates page.
Osel Devices IPO Listing Date and Price
The shares of Osel Devices will be listed on the NSE SME on September 24, 2024. Investors should keep an eye on the listing day to monitor the Osel Devices IPO listing price, which is expected to show a strong performance based on current market trends.
For real-time updates, you can visit our IPO Listing page.
Osel Devices IPO Review and Analysis
Investors looking for an in-depth Osel Devices IPO review can consider factors such as the company’s financial performance, market share, and future prospects. The company has shown substantial growth in revenue and profit over the past years.
Financial Performance (Restated)
| Financial Year | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) |
|---|---|---|
| March 31, 2024 | 13,268.52 | 1,305.21 |
| March 31, 2023 | 8,195.58 | 466 |
| March 31, 2022 | 6,555.49 | 212.31 |
For detailed financial analysis and insights, check out our IPO Review section.
Objects of the Osel Devices IPO
The primary objectives of the Osel Devices IPO are:
- Prepayment or repayment of certain loans.
- Funding working capital requirements.
- General corporate purposes.
This utilization of funds aims to strengthen the company’s financial position and support its expansion plans.
Osel Devices IPO Promoter Holding
The promoters of Osel Devices Limited are Rajendra Ravi Shanker Mishra and Jyotsna Jawahar. Post-issue, the promoter holding is expected to reduce from 98.50% to 71.53%.
For more detailed information, you can explore the upcoming IPOs page.
Osel Devices IPO Anchor Investors
The anchor investors’ portion of the Osel Devices IPO raised ₹20.12 crores on September 13, 2024. The shares allocated to anchor investors are locked in for 30-90 days, ensuring long-term confidence in the company.
FAQs about Osel Devices IPO
1. What is the Osel Devices IPO price band?
The price band for Osel Devices IPO is ₹155 to ₹160 per share.
2. What is the Osel Devices IPO lot size?
The lot size for Osel Devices IPO is 800 shares.
3. When will the Osel Devices IPO listing date be?
The tentative listing date for the Osel Devices IPO is September 24, 2024.
4. Where can I check the Osel Devices IPO subscription status?
You can check the subscription status on our IPO Subscription page.
5. What is the Osel Devices IPO GMP today?
The latest GMP for Osel Devices IPO can be found on our GMP page.
Conclusion
The Osel Devices IPO offers a solid opportunity for investors looking to enter the SME market. With a growing presence in the LED display systems and hearing aids sectors, the company presents competitive strengths that make it a promising prospect. Stay updated on the latest Osel Devices IPO live updates to make informed investment decisions.
For more information on other IPOs, subscription statuses, and GMPs, visit the IPO Grey Market homepage.
