Osel Devices IPO Allotment Date Update, Price, and GMP: What Investors Need to Know
Osel Devices Limited will finalize its IPO allotment. The initial public offering (IPO) has generated significant buzz among investors, with a price band set between ₹155 and ₹160 per share. This offering is entirely a fresh issue of 44.16 lakh shares and has attracted considerable interest from various investor segments.
Main Points
Full Details of Osel Devices Limited IPO
The Osel Devices IPO opened for subscription on September 16, 2024, and closed on September 19, 2024. The total issue size is valued at ₹70.66 crore, making it a notable entry in the market. Investors could bid in lots of 800 shares, requiring a minimum investment of ₹1,28,000 for retail investors. For non-institutional investors (NIIs), the minimum investment was ₹2,56,000, as they needed to apply for at least two lots.
The response to the IPO has been overwhelming. As per reports, the IPO was subscribed 194.24 times by the end of the bidding period. This figure includes remarkable participation from different investor categories:
- Retail Investors: Subscribed 206.07 times
- Non-Institutional Investors (NIIs): Subscribed 321.40 times
- Qualified Institutional Buyers (QIBs): Subscribed 78.01 times
Such high subscription rates indicate strong market confidence in Osel Devices and its future prospects.
Osel Devices IPO Grey Market Premium (GMP)
As of September 19, 2024, the Grey Market Premium (GMP) for Osel Devices stood at ₹110. This suggests a potential listing price of around ₹270 per share, reflecting an impressive gain of approximately 68.75% over the upper end of the IPO price band. However, it is essential to note that GMP figures are speculative and can fluctuate based on market conditions.
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How to Check Osel Devices IPO Allotment Status
Investors can check their allotment status starting from September 20, 2024. There are two primary methods to verify allotment status:
- BSE Website:
- Visit the BSE website.
- Select ‘Equity’ under Issue Type.
- Choose Osel Devices Ltd from the dropdown menu.
- Enter your Application Number or PAN.
- Click ‘Submit’ after completing the CAPTCHA.
- Mas Services Limited:
- Visit the Mas Services website.
- Select ‘Osel Devices Limited’ from the dropdown.
- Choose an option to enter your PAN, Application Number, or DP/Client ID.
- Fill in the required details and click ‘Submit’.
Successful bidders will see their shares credited to their Demat accounts by September 23, 2024. Refunds for unsuccessful bidders will also be initiated on this date.
Osel Devices IPO Market Sentiment
The robust subscription numbers reflect a positive sentiment towards Osel Devices in the market. The company’s business model and growth prospects have resonated well with investors. The high demand from non-institutional investors particularly highlights confidence among high-net-worth individuals.Osel Devices is positioned in a sector that is expected to grow significantly in the coming years. This growth potential has likely contributed to investor enthusiasm during the IPO process.
Osel Devices IPO Important Dates
Here are some key dates related to the Osel Devices IPO:
- IPO Open Date: September 16, 2024
- IPO Close Date: September 19, 2024
- Allotment Date: September 20, 2024
- Credit of Shares to Demat Accounts: September 23, 2024
- Listing Date on NSE SME: September 24, 2024
Investment Considerations
Investors should consider several factors before participating in an IPO like Osel Devices:
- Market Conditions: The overall market environment can affect stock performance post-listing.
- Company Fundamentals: Understanding Osel Devices’ business model and financial health is crucial.
- GMP Trends: Monitoring GMP leading up to the listing date can provide insights into potential listing performance.
With its impressive subscription figures and strong GMP indicators, Osel Devices appears set for a promising debut on the stock market.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
