Osel Devices Limited IPO GMP

At Osel Devices, they are driven by a passion for innovation and a commitment to excellence. As a leading provider of cutting-edge technology solutions, they specialize in creating transformative products that empower individuals, businesses, and communities to thrive in a rapidly evolving digital world.

Osel Devices, an Book Built Issue amounting to ₹70.65 Crores, consisting entirely an Fresh Issue of 44.16 Lakh Shares. The subscription period for the Osel Devices IPO opens on September 16, 2024, and closes on September 19, 2024. The allotment is expected to be finalized on or about Friday, September 20, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, September 25, 2024.

The Share price band of Osel Devices IPO is set at ₹155 to ₹160 equity per share, with a minimum lot size of 800 shares. Retail investors are required to invest a minimum of ₹128,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,600 shares), amounting to ₹256,000.

Horizon Management Private Limited is the book-running lead manager, MAS SERVICES LIMITED is the registrar for the Issue. Giriraj Stock Broking Private Limited is the Market Maker for the Osel Devices IPO.

Osel Devices Limited IPO GMP Today
The Grey Market Premium of Osel Devices Limited IPO is expected in the range of ₹90 to ₹95 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Osel Devices Limited IPO Live Subscription Status Today: Real-Time Updates
As of 11:34 PM on 19 September 2024, the Osel Devices Limited IPO live subscription status shows that the IPO subscribed 63.27 times on its final day of subscription period. Check the Osel Devices Limited IPO Live Subscription Status Today at NSE.

Osel Devices Limited IPO Anchor Investors Report
Osel Devices has raised ₹20.12 Crore from Anchor Investors at a price of ₹160 per shares in consultation of the Book Running Lead Managers. The company allocated 12,57,600 equity shares to the Anchor Investors. Check Full list of Osel Devices Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Osel Devices Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Osel Devices IPO allotment date is 20 September, 2024, Thursday. Osel Devices IPO Allotment will be out on 20th September 2024 and will be live on Registrar Website from the allotment date. Check Osel Devices Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Osel Devices Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Osel Devices Limited IPO
Osel Devices Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹600.00 Lakhs is required for Prepayment or repayment of certain loans availed by the Company; 
2. ₹4,400.00 Lakhs is required for Funding of working capital requirements of the Company; 
3. General Corporate Purposes.

Refer to Osel Devices Limited RHP for more details about the Company.