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Osel Devices IPO
Price Band
₹155.0–160.0
Issue Size
₹70.66 Cr
Lot Size
800 shares
Min Investment
₹128,000
GMP
+₹100.0 (62.5%)
Issue Price
₹160.0
Subject to Sauda
₹60800
Paid only if allotted
Osel Devices IPO AI Summary
- Osel Devices IPO is listed on NSE SME in the Medical Equipment & Supplies sector.
- Price band: ₹155.0–₹160.0 per share, lot size 800 shares (min. investment ₹128,000).
- Subscription window: 16 Sep–19 Sep 2024, listing on 24 Sep 2024.
- Current GMP is +₹100.0 (62.5%), an estimated listing price of ₹260 — unofficial and can change daily.
Osel Devices Limited is an established player in the medical equipment sector, focusing on LED display systems and hearing aids. With strong financial growth and a clear plan for the use of IPO proceeds, the company presents an interesting opportunity for investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Osel Devices IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Osel Devices IPO Grey Market Premium (GMP) Today
GMP
+₹100.0
GMP %
+62.5%
Est. Listing
₹260.0
Updated: 25 Jul 2026 14:03
About the Company
Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, was founded in 2006 and manufactures a comprehensive range of LED display systems and hearing aids. The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. The company's LED display systems are equipped with a content management system that allows them to be connected to a phone or computer and displayed on screen. The company also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company's main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company manufactures digitally programmable and non-programmable hearing aids. Osel’s manufacturing facility in Greater Noida was inaugurated by former Union Minister Shri Pratap Sarangi. The plant has a production capacity of 15,000 square feet of LED display per year and 4,00,000 units of hearing aids per year. Competitive strengths: Manufacturer of LED display systems and hearing aids with a long-standing market presence Geographical presence Quality assurance and quality control of our products Strong, cordial and long-term relationships with customers Cost-efficient production and punctual order processing Experienced management team Customers of the brand Service and support after the sale On March 31, 2024, the company employed 68 employees.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 98.64 | 49.02 | 33.12 |
| Total Income | 132.69 | 81.96 | 65.55 |
| Profit After Tax | 13.05 | 4.66 | 2.12 |
| NET Worth | 25.34 | 12.29 | 7.63 |
| Reserves and Surplus | 13.80 | 10.43 | 5.77 |
| Total Borrowing | 25.45 | 17.82 | 8.63 |
Key Ratios
EPS
₹11.14
NAV
₹21.96
ROE
34.68%
ROCE
43.17%
RoNW
51.50%
P/B Value
7.29
P/E Ratio
14.36
Market Cap
₹258.07 Cr
PAT Margin
9.87%
Peer Comparison
| Company | NAV | RoNW |
|---|---|---|
| Osel Devices Limited This IPO | 21.96 | 51.5% |
Promoters
Rajendra Ravi Shanker Mishra and Jyotsna Jawahar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment or repayment of certain loans availed by the Company; 6.00 2 Funding of working capital requirements of the Company; 44.00 3 General Corporate Purposes 10.78
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹65.55 Cr in the year ending 31 Mar 2022, rising to ₹81.96 Cr by 31 Mar 2023, and further increasing to ₹132.69 Cr by 31 Mar 2024.
Profit Trend
Profit after tax was ₹2.12 Cr in the year ending 31 Mar 2022, increasing to ₹4.66 Cr by 31 Mar 2023, and further rising to ₹13.05 Cr by 31 Mar 2024.
Valuation
Osel Devices Limited has an EPS of ₹11.14, implying a P/E ratio of 14.36 at the issue price. This is compared to peers trading at an unspecified range.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares are expected to trade in the unofficial market before their official listing. A positive GMP suggests strong demand for the shares, while a negative GMP may indicate weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market position.
Who May Want to Wait
Investors with a low risk tolerance or those looking for guaranteed returns may want to avoid IPOs like this, as they can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on September 16, 2024, and closes on September 19, 2024. Allotment of shares will be done on September 20, 2024, with the listing date set for September 24, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment.
This evaluation is generated from Osel Devices's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Osel Devices IPO GMP today?
Osel Devices IPO GMP today is +₹100.0 (62.5%), indicating an estimated listing price of ₹260. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Osel Devices IPO?
The price band of Osel Devices IPO is ₹155.0–₹160.0 per share.
When does Osel Devices IPO open and close?
Osel Devices IPO opens on 16 September 2024 and closes on 19 September 2024.
When does Osel Devices IPO list on the stock exchange?
Osel Devices IPO listed on 24 September 2024 at ₹260.0.
What is the lot size for Osel Devices IPO?
The lot size for Osel Devices IPO is 800 shares, requiring a minimum investment of ₹128,000.
What is the lot size for the Osel Devices IPO?
The lot size for the Osel Devices IPO is 800 shares.
What is the minimum investment required for this IPO?
The minimum investment required is ₹128,000.
What is the price band for the Osel Devices IPO?
The price band for the IPO is ₹155.0 to ₹160.0.
When is the listing date for Osel Devices?
The listing date for Osel Devices is September 24, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of a share in the grey market before its official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 Sep 2024
Close
19 Sep 2024
Allotment
20 Sep 2024
Listing
24 Sep 2024
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