Osel Devices IPO allotment status likely to be finalised on September 20: How to check details on NSE, Mas Services

The ₹70.66-crore NSE SME IPO was open for bidding from September 16 to September 19.

Investors are now waiting for the company to finalise the share allotment status. Successful bidders will be informed through SMS and emails about the share allotment. The share allotment status can also be checked easily on the NSE and the website of IPO registrar, Mas Services Limited.

Steps to check Osel Devices IPO share allotment on Mas Services

• Open Mas Services Ltd website at https://www.masserv.com/index.asp
• Click on IPO Allotment Status
• Select any one of these— Dp_id/Client id or PAN
• Enter details
• Select Osel Devices Limited from the list for issue names
• Submit to check for share allotment status.

It’s important to note that the IPO share allotment status will be available after the allocations process is finalised by the company.

Here’s how to check Osel Devices IPO share allotment status on NSE

• Open NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Create username and password on NSE website first)
• Select Osel Devices Ltd
• Verify PAN No
• Enter IPO application No
• Click on Submit

Osel Devices Ltd IPO subscription and other details

Osel Devices Ltd IPO was booked 194 times at the close of bidding on September 19. Investors placed bids for 57.06 crore shares against 29.36 lakh shares on offer for subscription, according to the NSE data.

The retail individual investors’ portion was booked 206.07 times, while the NIIs booked their quota 321.75 times. The qualified institutional buyers’ category was booked 78 times.

The ₹70.66-crore public offer comprised a fresh issue of 44.16 lakh shares and no offer for sale component. Osel Devices IPO price band was fixed at ₹155 to ₹160 per share. The minimum lot size was 800 shares, amounting to an investment of ₹1,28,000 for retail investors.

Osel Devices Ltd is expected to initiate refunds and credit of shares to Demat accounts on Monday, September 23. The company has proposed to list shares of the company on the NSE SME platform on September 24.

About Osel Devices Limited

The company has proposed to use IPO proceeds for prepayment or repayment of loans and funding of working capital requirements and general corporate purposes.

Osel Devices Limited, founded in 2006, produces a range of LED display systems and hearing aids. The company had 68 employees as of March 31, 2024.