Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, was founded in 2006 and manufactures a comprehensive range of LED display systems and hearing aids.
The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. The company’s LED display systems are equipped with a content management system that allows them to be connected to a phone or computer and displayed on screen.
The company also manufactures hearing aids, commonly known as health aids, to assist people with disabilities, the elderly, and the chronically ill who have low hearing levels. The company’s main customer for hearing aids is the Artificial Limbs Manufacturing Corporation of India. The company manufactures digitally programmable and non-programmable hearing aids.
Osel’s manufacturing facility in Greater Noida was inaugurated by former Union Minister Shri Pratap Sarangi. The plant has a production capacity of 15,000 square feet of LED display per year and 4,00,000 units of hearing aids per year.
Competitive strengths:
On March 31, 2024, the company employed 68 employees.
Osel Devices Limited’s revenue increased by 62% and profit after tax (PAT) rose by 180% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 9,864.2 | 4,902.09 | 3,312.17 | |||||||||||||||||||||||||||
| Revenue | 13,268.52 | 8,195.58 | 6,555.49 | |||||||||||||||||||||||||||
| Profit After Tax | 1,305.21 | 466 | 212.31 | |||||||||||||||||||||||||||
| Net Worth | 2,534.21 | 1,229 | 763 | |||||||||||||||||||||||||||
| Reserves and Surplus | 1,380.39 | 1,042.9 | 576.9 | |||||||||||||||||||||||||||
| Total Borrowing | 2,545.23 | 1,782.29 | 862.87 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Osel Devices IPO is Rs 258.07 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 34.68% |
| ROCE | 43.17% |
| RoNW | 51.50% |
| P/BV | 7.29 |
| PAT Margin (%) | 9.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.14 | 8.09 |
| P/E (x) | 14.36 | 19.77 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹155 to ₹160 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 4,416,000 shares (aggregating up to ₹70.66 Cr) |
| Fresh Issue | 4,416,000 shares (aggregating up to ₹70.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,713,200 |
| Share holding post issue | 16,129,200 |
| Market Maker portion | 221,600 shares |
Rajendra Ravi Shanker Mishra and Jyotsna Jawahar are the company promoters.
| Share Holding Pre Issue | 98.50% |
| Share Holding Post Issue | 71.53% |
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