Osel Devices IPO subscription status started on September 16, 2024, and closed on September 19, 2024. The company aims to raise approximately ₹70.66 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹155 to ₹160 per equity share.
The IPO consists of a minimum market lot of 800 Shares requiring an application amount of ₹1,28,000. Osel Devices is a SME IPO that will be listed on the NSE.
Also read: Osel Devices IPO: Dates, Pricing and Allotment 2024
Table of contents
IPO Overview
Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited and established in 2006, specializes in manufacturing LED display screens and hearing aids. The company offers a wide range of LED display systems, complete with both software and hardware capabilities, and their hearing aids, recognized as assisted healthcare devices, include Digital Programmable and Non-Programmable models. A major client for their hearing aids is the Artificial Limbs Manufacturing Corporation of India.
The company operates its manufacturing and assembly setup in Greater Noida, Uttar Pradesh. Notably, their facility boasts an annual production capacity of 15,000 square feet of LED displays and 400,000 hearing aids. Additionally, Osel Devices holds a Certification Marks Licence from the Bureau of Indian Standards, allowing them to use the ‘Standard Mark’ for “Behind the Ear (BTE) Hearing Aids – Digital” and “Visual Display Units.”
Furthermore, Osel Devices produces a comprehensive array of LED display systems for various commercial applications, including advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. Their LED display systems are equipped with a content management system, enabling connection to phones or computers for seamless display.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Osel Devices IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 | 78.01 |
| NII | 1.67 | 17.70 | 32.62 | 321.40 |
| RII | 6.12 | 40.69 | 73.92 | 206.07 |
| Total | 3.42 | 24.15 | 43.96 | 194.24 |
Osel Devices IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Osel Devices IPO Form
To apply for the Osel Devices IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 16, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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