Osel Devices IPO allotment scheduled from Monday, September 16 to Wednesday, September 18, 2024.
Osel Devices IPO is book built issue of Rs. 70.65 crores. The issue is entirely fresh issue of 44.16 lakh shares. Price range of the IPO is set to Rs. 155 to Rs. 160 per equity shares with a face value of Rs. 10 each. The minimum order quantity of the issue is 800 equity shares, aggregating to Rs. 1,28,000.
The allotment of the IPO is expected to finalized on Thursday, September 19, 2024. The IPO will list on NSE SME with tempting date fixed on Monday, September 23, 2024.
Horizon Management Private Limited is book running lead manager. Axis Bank Limited is sponsor bank of the IPO. Mas Services Limited is registrar to the issue.
The object of the issue are:-
- Prepayment or repayment of certain loans that are availed;
- Funding of working capital requirements of the company;
- General Corporate Purposes.
Financials –
Osel Devices revenue has increased by 61.90% and profit after tax (PAT) rose up by staggering 180.04% in Financial Year 2024, as compared to FY2023.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 2,534.21 | 1,229.00 | 763.00 |
| Revenue | 13,268.52 | 8,195.58 | 6,555.49 |
| PAT | 1,305.21 | 466.00 | 212.31 |
| PAT Margin | 9.87% | 5.69% | 3.25% |
| Total Borrowings | 2,545.23 | 1,782.29 | 862.87 |
About Osel Devices Limited (https://oseldevices.com/):-
Ösel Devices Limited is a premier original equipment manufacturer (OEM) based in Greater Noida, Uttar Pradesh. Founded by visionary techno-entrepreneurs, we leverage advanced technology and a state-of-the-art manufacturing facility to create high-performance solutions that meet diverse needs. At Ösel Devices Limited, we are dedicated to driving innovation and excellence in technology.
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