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Osel Devices IPO
OSEL Devices Ltd
₹1,24,000 /800 sharesMinimum Investment
Osel Devices IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 16 Sep ‘24 - 19 Sep ‘24 | ₹1,24,000 | 800 | ₹155 - ₹160 |
| Issue Size | IPO Doc |
|---|---|
| 70.66Cr | RHP PDF |
Subscription rate
As of 19 Sep'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 146.45x |
About Osel Devices
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.
One of the primary products of Osel Devices is the hearing aid. The company is heavily dependent on demand for this product from the healthcare sector. Any reduction in demand for it or challenges in increasing or managing sales effectively could be detrimental to Osel’s business operations.
The company’s top 10 customers contributed Rs 120.01 crore (90.76%), Rs 76.88 crore (93.89%), and Rs 63.91 crore (97.96%) in FY24, FY23, and FY22 to the revenue from operations. Any failure to retain these customers or a decline in demand from them can adversely affect the company’s operations and revenue.
Certain geographical regions account for a major portion of the company’s sales. Delhi contributed 51.67%, 54.68%, and 52.50% in FY24, FY23, and FY22, while Uttar Pradesh contributed 27.08%, 38.94%, and 32.33% in FY24, FY23, and FY22. Any adverse developments in the business environment of these states could negatively impact the company’s business.
As of March 31, 2024, the company’s total indebtedness amounted to Rs 25.45 crore. Any inability to service or repay these loans can be detrimental to the business’s prospects.
Osel Devices imports the majority of its products and raw materials from China and is dependent on smooth trade relations between that country and India. Any change in this equation or a sudden increase in the cost of materials can harm the company’s raw material procurement process, which can adversely impact its business operations.
Osel Devices Financials
*All values are in Rs. Cr
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Application Details of Osel Devices IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹155 - 160 | ₹2 - 5 Lakh |
| High Networth Individual | ₹155 - 160 | ₹2 - 5 Lakh |
For Osel Devices IPO, eligible investors can apply as Regular.