Osel Devices IPO Allotment Date, Latest GMP Premium, and How To Check Allotment Status
On Monday, September 16, 2024, Osel Devices IPO was opened for the subscription and it remained active till Thursday, September 19, 2024. By the end of its subscription period, Osel Devices IPO had been over-subscribed by 194.24 times, indicating the robust demand for its shares among the investors. If you also bid for the IPO shares of Osel Devices, then you must be eagerly waiting for the allotment status of your application. However, only a few investors will be selected for the allotment of the book issue, which means most of the applications will be rejected and their amount will be refunded but the accepted applicants will be credited with the shares of Osel Devices ahead of its listing date. Do you know when it will be listed and what GMP is signaling about its listing price? If not, then don’t worry, we have got you covered through this column where we have given a comprehensible overview of the Osel Devices IPO and described the step-by-step method to check the allotment status of the Osel Devices IPO. Drag down the page.
Osel Devices Limited IPO Overview
Osel Devices IPO was opened for bidding or subscription on September 16 and it was closed on September 19, with a total book issue size of 44.16 lakh shares to raise a fund of approximately Rs 70.66 crore to mark its remarkable entry into the market. The applicants could bid for the lots of 800 shares each with a minimum amount to be invested of Rs 1,28,000 for the retail investors while the non-institutional investors required a minimum amount of Rs 2,56,000, for at least two lots as the price band of each share was between Rs 155 and Rs 160.
- Open Date: September 16, 2024
- Close Date: September 19, 2024
- Allotment Date: September 20, 2024
- Credit of Shares: September 23, 2024
- Listing Date: September 24, 2024
Osel Devices IPO Subscription
The IPO of Osel Devices Limited received an unexpected response from the investors where many must be looking for the listing gain. As a result, it became over-subscribed 194.24 times by the closing of the bidding period, thanks to the overwhelming response from investors from different categories:
- NIIs (Non-Institutional Investors): Subscribed 321.40x
- Retail Investors: Subscribed 206.07x
- QIBs (Qualified Institutional Buyers): Subscribed 78.01x
Osel Devices IPO GMP (Grey Market Premium)
The overwhelming response of the investors during its bidding period and high subscription rate indicates the strong market confidence in the business model of Osel Devices Limited. The latest Grey Market Premium of Osel Devices Ltd is said to be Rs 110 which means the investors are showing readiness to pay more Rs 110 on its issue price. Therefore, the potential listing price of Osel Devices shares is Rs 270 in the Grey Market, indicating a listing gain of 68.75 percent. It should be noted that the GMP data is only speculative based on the current market trend and interest of the investors.
How To Check The Allotment Status Of Osel Devices IPO?
The allotment process of Osel Devices IPO will be finalized on September 21, 2024, which started on September 20, 2024. Therefore, the allotment status for all the subscribers will be available by 6 PM today on the BSE website and Mas Service Limited (registrar).
- Via BSE Website: Go to the official website of BSE and then navigate to the Equity section under Issue Type where you need to select Osel Devices Ltd. Correctly enter the PAN number or application number before submitting the form to check the allotment status.
- Via Mas Services Limited: Navigate to the dropdown menu on the official website of Mas Services, to choose Osel Devices Ltd. Choose your preferred method to check the allotment status with PAN, Application number, or Client ID.
