Osel Devices IPO: The issue opens for subscription on September 16, 2024 and closes on September 19. Here's the subscription status, GMP, key dates, everything you need to know.
Osel Devices IPO Subscription Status
Osel Devices IPO was subscribed 3.42 times by 3:00 pm on 16 September 2024. According to data from Chittorgarh.com, as of 2:58:02 pm on 16 September 2024, the public issue was subscribed 6.12 times in the retail category, 0.00 times in QIB and 1.67 times in the NII category.
Key details of Osel devices
Subscription for Osel Devices IPO began on September 16, 2024, and will end on September 19, 2024. Allotment for Osel Devices IPO is expected to be completed on Friday, September 20, 2024. The proposed listing date of Osel Devices IPO is scheduled for Tuesday, September 24, 2024, on NSE SME.
The Ocell Devices IPO is a book built issue with a price of $1,000. This includes capital investment of Rs 70.66 crore, in which 44.16 lakh new shares were issued.
The IPO price band for Osel Devices is From 155 160 per share. The application must have a minimum lot size of 800 shares. Retail investors are required to invest a minimum of 800 shares. ₹ 128,000. Minimum investment requirement for HNIs is two lots (1,600 shares), or 256,000.
The Company proposes to utilise the net proceeds from the Issue for the following objectives:
prepayment or repayment of certain loans taken by the Company;
financing the working capital requirements of the company; and
General corporate purposes.
Osel Devices Grey Market Premium or GMP
According to Investorgain.com Osel Devices IPO GMP or Grey Market Premium is +110. This indicates that Osel Devices shares were being sold in the grey market 110 more than their market price.
The estimated list price of Osel devices was ₹ 270 per share, which represents a premium of 68.75% over the previous share price. Considering the upper end of the IPO price range and the current premium in the secondary market, the IPO price has reached Rs 160.
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