Business Standard

OSEL Devices Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

70.66 cr

Price Range (₹)

160

Lot Size

800

Min Investment (₹)

1,28,000.00

Listing Exchange

NSE - SME

Open Date

16-Sept-2024

Close Date

19-Sept-2024

Listing Date

24-Sept-2024

OSEL Devices Ltd News

    The Shares of OSEL Devices Ltd have now been listed.

    OSEL Devices Ltd IPO Details

    Initial public offer of upto 44,16,000 equity shares of face value of Rs. 10/- each (Equity Shares) of the company at an issue price of Rs. 160 per equity share (including a share premium of Rs. 150 per equity share) for cash, aggregating up to Rs. 70.66 crores (Public Issue) out of which 2,21,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 160 per equity share for cash, aggregating Rs. 3.55 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 41,94,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 160 per equity share for cash, aggregating up to Rs. 67.11 crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute 27.38% and 26.01% respectively of the post-issue paid-up equity share capital of the company.The Offer Price is Rs. 160 per equity share of face value of Rs. 10 each.The Offer Price is 16 times of the face value of the equity shares.Bid cane be made for a minimum of 800 equity shares and in multiples of 800 equity shares thereafter.

    Objective of issue

    Prepayment or repayment of all or a portion of certain loans availed by the company. Funding of working capital requirement of the company. General corporate purposes.

    OSEL Devices Ltd Contact Details

    OSEL Devices Ltd, T-34 2nd Floor, Okhla Industria Area, Phase-II, New Delhi-110020

    Phone - 91-011-26387281/82/83

    Fax - 91-011-26387384

    Email - info@oseldevices.com

    Website - www.oseldevices.com