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OSEL Devices listing Review
OSEL Devices IPO allotment Link
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What is the business of OSEL Devices?
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OSEL Devices IPO Details | |
| IPO opens on | 16 September 2024 |
| IPO closes on | 18 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4416000 Shares / Rs 70.66 Crore |
| * Fresh Issue | 4416000 Shares / Rs 70.66 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 221600 Shares |
| Net offer to Public | 4194400 Shares/ Rs.67.11 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.155-160 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1800 Shares |
| Listing will at | NSE SME |
Shares offered in IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2095900 | 33.54 |
| NII (15%) | 629600 | 10.07 |
| RII (35%) | 1468900 | 23.50 |
| Total Shares | 4194400 | 67.11 |
| Retail portion will be oversubscribed by | 1836 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 800 Shares | Rs.128000 |
| Min HNI Application | 1600 Shares | Rs.256000 |
Who are the Promoters of OSEL Devices IPO?
The promoters of the company are Bhavya Vasant Shah, Rachit Paresh Masalia and Darshil Hasmukh Shah.
What are the Objects of OSEL Devices IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
1)Acquisition of Land and construction of Building
2)Acquisition of Plant & Machineries
3)Funding additional Working capital requirements; and
4)General Corporate Purposes
Tentative timetable | |
| IPO opens on | 16 September 2024 |
| IPO Closes on | 18 September 2024 |
| IPO Allotment on | 19 September 2024 |
| Refund Initiation | 20 September 2024 |
| Credit of Shares | 20 September 2024 |
| Listing on | 23 September 2024 |
| Registered Office of the Company Excellent Wires and Packaging Limited Gala No. 1, Jyoti Industrial Estate Vevoor Village, Ganesh Nagar, Palghar – E, Thane, Palghar-401404 |
| Who is the Lead Manager of this IPO? Inventure Merchant Banker Services Pvt ltd |
Who is the Registrar to IPO? |
OSEL Devices IPO GMP grey market premium, review, Subscription, allotment, listing estimate
OSEL Devices IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 7.29 | 0.05 | 1.84 | 70.81 |
| 2022-23 | 14.48 | 0.10 | 4.04 | 60.96 |
| 2023-24 | 15.41 | 0.83 | 11.31 | 20.90 |
| Book Value of the Share on 31.03.2024 | Rs | 15.90 | ||
| BV of the Share at cap price after IPO | Rs. | 42.51 | ||
| Offer Price/upper band | Rs. | 160 | ||
IPO | |
| Price/EPS of 23-24 | 27.11 |
| Price/BV Ratio | 5.66 |
| Price/BV after IPO | 2.12 |
How OSEL Devices IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Excellent Wires | 10 | 15 | 27.11 |
| Bedmutha | 10 | 868 | 36.59 |
| KEI Industries | 10 | 8153 | 72.98 |
| Rajratna Wires | 10 | 558 | 54.37 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
OSEL Devices IPO Review
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Size: Net size of the IPO is Rs.67.11 crore, comprising of 4194400 shares. The size of the IPO is very large and so oversubscription is a bit difficult.
Financial Snapshot: The company has shown sharp rise in its bottomline in the year prior to the IPO.
+ from fundamental angle: IPO is so-so
+ from grey market angle: ?
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OSEL Devices IPO GMP grey market premium
OSEL Devices IPO FAQs
What is OSEL Devices IPO?
This is a SME IPO of 4416000 equity shares of the face value of Rs. 10 aggregating up to Rs.70.66 Crores. The issue is priced at Rs.160 per share. The minimum order quantity is 800 Shares.
When will OSEL Devices IPO subscription open?
OSEL Devices IPO opens on September 16, 2024, and closes on September 18, 2024.
What is the lot size of Excellent Wires IPO?
OSEL Devices IPO lot size is 800 Shares, and the minimum amount required is Rs.128000
How to apply for OSEL Devices IPO?
You can apply in OSEL Devices IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is OSEL Devices IPO allotment?
The finalization of Basis of Allotment for OSEL Devices IPO will be done on September 19, 2024, and the allotted shares will be credited to your demat account by September 20, 2024.
When is OSEL Devices IPO listing date?
OSEL Devices IPO listing date is September 23, 2024.
