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Osel Devices Limited

Osel Devices Limited

listed
₹1.24LMin. investment

Osel Devices Limited IPO Details

Price range₹155 – ₹160
IPO type
SME
Lot size800 shares
Issue size₹70.66Cr

Osel Devices Limited Timeline

  1. Bid start
    16 Sep 2024
  2. Bid end
    19 Sep 2024
  3. Allotment
    18 Sep 2024
  4. Release of funds
    23 Sep 2024
  5. Demat transfer
    20 Sep 2024
  6. Listing
    24 Sep 2024

About Osel Devices Limited

Founded in 2006, Osel is a forward-thinking technology solutions provider dedicated to innovation and excellence. Specializing in LED display systems and advanced hearing aids, Osel empowers individuals, businesses, and communities to excel in a rapidly evolving digital landscape. The company's state-of-the-art manufacturing facility in Greater Noida, inaugurated by former Union Minister Shri Pratap Sarangi, underscores its commitment to cutting-edge technology and high-quality production standards. At this ultra-modern plant, Osel integrates software and hardware capabilities to produce high-performance components and systems, including comprehensive LED display solutions and the latest hearing aid technology.
Osel's LED display systems are designed to cater to a diverse range of commercial applications, from advertising media and billboards to corporate meeting rooms and command control centers. These systems are equipped with advanced content management features, enabling seamless connectivity with phones or computers for dynamic display capabilities. The company's rigorous quality control processes ensure that each LED display system meets high performance standards, serving various corporate and promotional needs effectively.
In addition to LED displays, Osel manufactures sophisticated hearing aids aimed at enhancing the quality of life for individuals with hearing impairments. The company's product range includes both digital programmable and non-programmable hearing aids, designed to support the elderly and individuals with chronic hearing conditions. Major clients, such as the Artificial Limbs Manufacturing Corporation of India, benefit from Osel’s commitment to producing reliable and effective assisted healthcare devices. The Greater Noida facility is capable of producing up to 400,000 hearing aids annually, further demonstrating Osel's significant impact in the healthcare sector.
The company's robust R&D facility plays a crucial role in maintaining high standards of quality and innovation. Osel’s in-house laboratory conducts comprehensive testing and quality assurance throughout the production process, from raw material inspection to finished product evaluation. This meticulous approach has not only bolstered Osel's domestic market presence but also facilitated the export of its LED display systems internationally. Osel continues to set benchmarks in the technology solutions industry, delivering excellence and value through its cutting-edge products and services.
Osel Devices  prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
  1. Prepayment or repayment of certain loans availed by the Company; 
  2. Funding of working capital requirements of the Company; 
  3. General Corporate Purposes.

Checklist

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Osel Devices Limited Contact Details

Company NameOsel Devices Limited

How to apply for Osel Devices Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Osel Devices IPO FAQs

Investors can apply for the Osel Devices Limited through their Demat account via the stock exchange or through their broker.
The issue size of the Osel Devices Limited is 70.66 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Osel Devices Limited will be open between 2024-09-16 and 2024-09-19.
Osel Devices Limited allotment date is 2024-09-20. For Osel Devices Limited allotment status check, you can visit the website of the registrar of the IPO.
For Osel Devices Limited, the IPO registrar is MAS SERVICES LIMITED. You can check Osel Devices Limited allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Osel Devices Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Osel Devices Limited lot size is 800 and minimum order quantity is 800.
Osel Devices Limited has set the price band for its IPO at 160 per equity share with a face value of 10.