Schedule of Osel Devices
| Issue open date | 16 Sep 2024 |
| Issue close date | 19 Sep 2024 |
| UPI mandate deadline | 19 Sep 2024 (5 PM) |
| Allotment finalization | 20 Sep 2024 |
| Refund initiation | 23 Sep 2024 |
| Share credit | 23 Sep 2024 |
| Listing date | 24 Sep 2024 |
| Mandate end date | 04 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 20 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 19 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Osel Devices
Osel Devices Limited, established in 2006, produces LED display systems for commercial applications such as advertising, billboards, and corporate boardrooms. The company operates a manufacturing facility in Greater Noida with a capacity of 15,000 square feet of LED displays per year. The company also manufactures hearing aids, including digitally programmable and non-programmable models, primarily for customers like the Artificial Limbs Manufacturing Corporation of India. These devices support individuals with disabilities, the elderly, and those with chronic conditions.
Financials of Osel Devices
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹70.66 crores |
| Fresh Issue | ₹70.66 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Debt reduction | 6.00 (8.49%) |
| Working capital requirements | 44.00 (62.27%) |
| General corporate purposes and others | 20.66 (29.24%) |
Strengths
- Long-standing market presence and strong brand recognition through the name ‘OSEL’ in the LED display and hearing aid industry.
- Extensive geographical presence, supported by a corporate office and manufacturing unit in Greater Noida, and a registered office in Delhi, allowing the company to cater to various industries domestically and internationally.
- Partnerships with marquee customers across various sectors, including government, broadcasting, education, hospitality, healthcare, retail, and entertainment, demonstrating the company’s broad market reach and customer trust.
- Deep industry insight and experience in delivering specialized LED display solutions that meet stringent customer specifications.
Risks
- The company relies heavily on developing and designing innovative products, with potential business impact if not managed effectively.
- High dependency on demand from the healthcare industry, with potential adverse effects if demand decreases.
- Significant reliance on a few key customers, with any reduction in sales potentially impacting business performance.
- Dependence on key raw materials and suppliers poses risks of supply disruptions or cost increases.
- Exposure to foreign exchange fluctuations due to international operations could affect financial results.