{"id":43724,"date":"2024-09-13T15:28:19","date_gmt":"2024-09-13T09:58:19","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2024\/09\/13\/osel-devices-limited-announces-initial-public-offering-ipo-on-nse-emerge-platform\/"},"modified":"2024-09-13T15:28:19","modified_gmt":"2024-09-13T09:58:19","slug":"osel-devices-limited-announces-initial-public-offering-ipo-on-nse-emerge-platform","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2024\/09\/13\/osel-devices-limited-announces-initial-public-offering-ipo-on-nse-emerge-platform\/","title":{"rendered":"Osel Devices Limited Announces Initial Public Offering (IPO) on NSE EMERGE Platform"},"content":{"rendered":"<div>\n<p>New Delhi [India] September 13: Osel Devices Limited (the \u201cCompany\u201d or the \u201cIssuer\u201d), is in to the innovative technology sector, is proud to announce its Initial Public Offering (IPO) in accordance with Chapter IX of the SEBI (ICDR) Regulations for Small and Medium Enterprises (SMEs). The Company\u2019s equity shares are proposed to be listed on the SME platform of NSE Limited (NSE EMERGE), marking a significant milestone in its growth journey.<\/p>\n<p>Founded in 2006 as Innovative Infratech Solutions Private Limited, the Company has undergone a series of transformative changes, both in name and corporate structure. Initially incorporated on August 14, 2006, the Company aimed to bring innovative technology solutions to market. After rectifying a transposition error in the name in 2013, the Company officially became \u2018Innovative Infratech Solutions Private Limited.\u2019<\/p>\n<p>In January 2024, the Company rebranded to \u2018Osel Devices Private Limited\u2019 to reflect its core business and enhance its branding strategy. Following a resolution passed by the Board of Directors and approval from the Shareholders, Osel Devices converted into a public limited company in March 2024, marking the final transition to \u2018Osel Devices Limited.\u2019 The new name aligns with the Company\u2019s focus on providing cutting-edge technology solutions and better positioning in the competitive tech landscape.<\/p>\n<p>Visionary entrepreneurs and leaders, Mr. Rajendra Ravi Shanker Mishra and Mrs. Jyotsna Jawahar, the dynamic promoters of Osel Devices Limited, are driving this remarkable growth initiative. With their extensive experience and strategic leadership, they have played a pivotal role in establishing Osel Devices as a trusted name in the tech industry.<\/p>\n<p>Commenting on the IPO, Mr. Rajendra Ravi Shanker Mishra, Promoter and Director of Osel Devices Limited, said, \u201cThis IPO represents a significant step in our Company\u2019s evolution. We are excited about the opportunities this listing presents, including the ability to enhance our market presence, attract new investment, and continue driving innovation within the industry.\u201d<\/p>\n<p>The funds raised from the IPO will be utilized towards Prepayment or repayment of certain loans availed by the Company, Funding of working capital requirements of the Company and \u00a0General Corporate Purposes. This strategic initiative will enable Osel Devices to strengthen its product portfolio and deliver advanced technology solutions across various industries.<\/p>\n<p>The Company\u2019s Registered Office is located in Delhi, with detailed information available in the Red Herring Prospectus under the section titled \u201cHistory and Certain Corporate Matters.\u201d For prospective investors, the IPO provides a unique opportunity to become part of a company with a strong foundation, a vision for the future, and the backing of a capable leadership team.<\/p>\n<p><strong>About Osel Devices Limited<\/strong><br \/>\nOsel Devices Limited is an innovative technology solutions provider, initially incorporated as \u2018Innovative Infratech Solutions Private Limited\u2019 in 2006. Over the years, the Company has rebranded and evolved to reflect its core business activities and expansion goals.<\/p>\n<p>Today, the company stands as a public limited entity and is set to be listed on the NSE EMERGE platform soon, with a vision to become a leader in the tech sector by delivering groundbreaking solutions.<\/p>\n<p>For further details, please visit our official website or refer to the Red Herring Prospectus available on NSE EMERGE.<\/p>\n<p><strong>Media Contact<\/strong><\/p>\n<ul>\n<li>Osel Devices Limited<\/li>\n<li>Web: <a href=\"https:\/\/oseldevices.com\/\" rel=\"nofollow noopener\" target=\"_blank\">oseldevices.com<\/a><\/li>\n<li>Email:\u00a0<a href=\"mailto:info@oseldevices.com\" rel=\"nofollow\">info@oseldevices.com<\/a><\/li>\n<\/ul>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India] September 13: Osel Devices Limited (the \u201cCompany\u201d or the \u201cIssuer\u201d), is in to the innovative technology sector, is proud to announce its Initial Public Offering (IPO) in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":135},"categories":[4],"tags":[54],"class_list":["post-43724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/43724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=43724"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/43724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/43725"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=43724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=43724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=43724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}