Osel Devices Limited

About the company

## **About Osel Devices Limited** Founded in 2006, Osel is a forward-thinking technology solutions provider dedicated to innovation and excellence. Specializing in LED display systems and advanced hearing aids, Osel empowers individuals, businesses, and communities to excel in a rapidly evolving digital landscape. The company's state-of-the-art manufacturing facility in Greater Noida, inaugurated by former Union Minister Shri Pratap Sarangi, underscores its commitment to cutting-edge technology and high-quality production standards. At this ultra-modern plant, Osel integrates software and hardware capabilities to produce high-performance components and systems, including comprehensive LED display solutions and the latest hearing aid technology. Osel's LED display systems are designed to cater to a diverse range of commercial applications, from advertising media and billboards to corporate meeting rooms and command control centers. These systems are equipped with advanced content management features, enabling seamless connectivity with phones or computers for dynamic display capabilities. The company's rigorous quality control processes ensure that each LED display system meets high performance standards, serving various corporate and promotional needs effectively. In addition to LED displays, Osel manufactures sophisticated hearing aids aimed at enhancing the quality of life for individuals with hearing impairments. The company's product range includes both digital programmable and non-programmable hearing aids, designed to support the elderly and individuals with chronic hearing conditions. Major clients, such as the Artificial Limbs Manufacturing Corporation of India, benefit from Osel’s commitment to producing reliable and effective assisted healthcare devices. The Greater Noida facility is capable of producing up to 400,000 hearing aids annually, further demonstrating Osel's significant impact in the healthcare sector. The company's robust R&D facility plays a crucial role in maintaining high standards of quality and innovation. Osel’s in-house laboratory conducts comprehensive testing and quality assurance throughout the production process, from raw material inspection to finished product evaluation. This meticulous approach has not only bolstered Osel's domestic market presence but also facilitated the export of its LED display systems internationally. Osel continues to set benchmarks in the technology solutions industry, delivering excellence and value through its cutting-edge products and services. Osel Devices  prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. Prepayment or repayment of certain loans availed by the Company;  1. Funding of working capital requirements of the Company;  1. General Corporate Purposes.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   16 Sept 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   19 Sept 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   18 Sept 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   23 Sept 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   20 Sept 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   24 Sept 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.