Osel Devices IPO vs Pelatro IPO

Comparison between Osel Devices IPO and Pelatro IPO.

IPO Details

Osel Devices IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Pelatro IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Osel Devices IPO is up to ₹67.11 Cr whereas the issue size of the Pelatro IPO is up to ₹53.17 Cr. The final issue price of Osel Devices IPO is ₹160.00 per share and of Pelatro IPO is ₹200.00 per share.

 Osel Devices IPOPelatro IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹155.00 per share₹190.00 per share
Issue Price (Upper)₹160.00 per share₹200.00 per share
Issue Price (Final)₹160.00 per share₹200.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size800 shares600 shares
Fresh Issue Size41,94,400 shares26,58,600 shares
Fresh Issue Size (Amount)up to ₹67.11 Crup to ₹53.17 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total41,94,400 shares26,58,600 shares
Issue Size Total (Amount)up to ₹67.11 Crup to ₹53.17 Cr

IPO Timetable

Osel Devices IPO opens on Sep 16, 2024, while Pelatro IPO opens on Sep 16, 2024. The closing date of Osel Devices IPO and Pelatro IPO is Sep 19, 2024, and Sep 19, 2024, respectively.

 Osel Devices IPOPelatro IPO
Anchor Bid DateSep 13, 2024Sep 13, 2024
Issue OpenSep 16, 2024Sep 16, 2024
Issue CloseSep 19, 2024Sep 19, 2024
Basis Of Allotment (Tentative)Sep 20, 2024Sep 20, 2024
Initiation of Refunds (Tentative)Sep 23, 2024Sep 20, 2024
Credit of Share (Tentative)Sep 23, 2024Sep 23, 2024
Listing date (Tentative)Sep 24, 2024Sep 24, 2024
Anchor Lockin End date 1Oct 20, 2024Oct 20, 2024
Anchor Lockin End date 2Dec 19, 2024Dec 19, 2024

Financials & KPIs

Osel Devices IPO P/E ratio is 14.36, as compared to Pelatro IPO P/E ratio of -77.78.

 Osel Devices IPOPelatro IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets98.6449.0233.12
Total Income132.6981.9665.55
Profit After Tax13.054.662.12
NET Worth25.3412.297.63
Reserves and Surplus13.8010.435.77
Total Borrowing25.4517.828.63
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 2024
Assets57.81
Total Income55.37
Profit After Tax-1.96
NET Worth12.03
Reserves and Surplus5.03
Total Borrowing18.68
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.573.31
Promoter Shareholding (Post-Issue)71.5353.59
P/E Ratio14.36-77.78
Market Cap₹258.07 Cr.₹208.13 Cr.
ROE34.68-15.48
ROCE43.173.85
Debt/Equity1.55
EPS₹11.14₹-2.57
RoNW51.50-15.48

Shares Offered

In the Osel Devices IPO Retail Individual Investors (RII) are offered 14,68,800 shares while in Pelatro IPO retail investors are offered 14,68,800 shares. Qualified Institutional Buyers (QIB) are offered 8,38,400 shares in Osel Devices IPO and 5,21,400 shares in Pelatro IPO.

 Osel Devices IPOPelatro IPO
Anchor Investor Reservation12,57,600 shares7,81,800 shares
Market Maker Reservation2,21,600 shares1,40,400 shares
QIB8,38,400 shares5,21,400 shares
NII6,29,600 shares3,92,400 shares
RII14,68,800 shares9,13,200 shares
Employee49,800 shares
Others
Total41,94,400 shares26,58,600 shares

Bids Received (Subscription)

Osel Devices IPO subscribed 136.00x in total, whereas Pelatro IPO subscribed 15.49x.

 Osel Devices IPOPelatro IPO
QIB (times)78.01x15.22x
NII (times)321.40x55.31x
Big NII (times)
Small NII (times)
RII (times)206.07x12.58x
Employee (times)0.00x
Other (times)
Total (times)136.00x15.49x

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