1) Osel Devices IPO size
The IPO is entirely a fresh equity issue of 44.1 lakh shares and through the issue, the company plans to raise Rs 71 crore.
2) Osel Devices IPO price band
The company is offering its shares at Rs 155-160 apiece, and investors can bid for 800 shares in 1 lot.
3) Osel Devices GMP
In the unlisted market, the company’s shares had a GMP of Rs 110, indicating a premium of 69% to the issue price.
4) About Osel Devices
As one of the leading providers of cutting edge technology solutions, Osel specializes in creating transformative products that empower individuals, businesses, and communities to thrive in a rapidly evolving digital world.
5) Industry overview
The electronics system, design and manufacturing (ESDM) industry includes electronic hardware products and components relating to information technology (IT), office automation, telecom, consumer electronics, aviation, aerospace, defence, solar photovoltaic, nano electronics and medical electronics.
6) Osel Devices financial performance
For the year ended March 2024, the company clocked total revenues of Rs 132 crore and net profit of Rs 13.05 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for repayment of debt, working capital requirements and general corporate purposes.
8) Lead managers and Registrar
Horizon Management is acting as the lead manager to the issue and Mas Services is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors, and the rest 15% for non-institutional investors.
10) Important dates
The IPO opened on September 16 and will close on September 19. The final allotment will likely be made on September 20. The company’s shares will likely get listed on September 24.