Osel Devices IPO

OSEL Devices Ltd

₹1,24,000 /800 sharesMinimum Investment

Osel Devices IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
16 Sep ‘24 - 19 Sep ‘24₹1,24,000800₹155 - ₹160
Issue SizeIPO Doc
70.66Cr
RHP PDF

Subscription rate

As of 19 Sep'24, 05:00 PM
Qualified Institutional Buyers0x
Non-Institutional Investor0x
Retail Individual Investor0x
Total146.445795339412x

About Osel Devices

Osel Devices is primarily a manufacturer of LED display systems. The company’s display systems feature a content management system that enables connectivity to phones or computers for display purposes. These products are majorly utilised in the corporate sector for different purposes like advertising, display promotions, sign boards, commanding control centres, etc. The company’s LED display segment includes products like indoor LED solutions, outdoor LED solutions, transparent LED solutions, and customised LED solutions. Apart from LED displays, the company also produces advanced hearing aids, also known as assisted healthcare devices. These products aid individuals with hearing impairments. The product line-up for this particular segment includes standard Behind-the-Ear (BTE) hearing aids, mini Behind-the-Ear (BTE) hearing aids, Receiver-in-the-Ear (RITE) or Receiver-in-Canal Behind-the-Ear (RICTE) hearing aids,;
Founded in
2006
Managing director
Mr. Rajendra Ravi Shanker Mishra
Parent organisation
OSEL Devices Ltd

Strengths & Financials of Osel Devices

Strengths
Risks
The company is ISO 9001:2015 certified for quality management systems.
The company has a research and development (R&D) facility that it claims is staffed by quality assurance and control teams who perform various tests in an in-house laboratory.
Osel Devices is licensed by the Bureau of Indian Standards to use the 'standard mark' on its Behind the Ear (BTE) hearing aids – digital and visual display units.
The company’s clientele includes names like the Defence Research and Development Organisation (DRDO), Indian Space Research Organisation (ISRO), National Aluminium Company (NALCO), NBCC, Indian Oil Corporation, Bharat Petroleum Corporation, IIT Roorkee, Sharda University, ISKCON, and PVR INOX.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 65.24 crore in FY22 to Rs 81.89 crore in FY23 to Rs 132.23 crore in FY24, while PAT increased from Rs 2.12 crore in FY22 to Rs 4.66 crore in FY23 to Rs 13.05 crore in FY24.

Osel Devices Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Osel Devices IPO

Apply asPrice bandApply upto
Regular155 - 160₹2 Lakh
High Networth Individual155 - 160₹2 - 5 Lakh
For Osel Devices IPO, eligible investors can apply as Regular.
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