Osel Devices Limited Announces IPO and Milestone Strategy for Growth

Osel Devices Limited is launching its IPO, marking a significant growth milestone. Founded in 2006 as Innovative Infratech Solutions Private Limited, the company rebranded in January 2024 to better reflect its tech-focused strategy. The IPO will fund loan repayments, working capital, and advanced tech solutions.

Osel Devices Limited has announced its Initial Public Offering (IPO) under Chapter IX of the SEBI (ICDR) Regulations for SMEs. The company's equity shares will be listed on the NSE EMERGE platform.

Founded in 2006 and initially named Innovative Infratech Solutions Private Limited, the company underwent several transformative changes to align more closely with its business objectives. Rebranded to Osel Devices Limited in January 2024, the company has now converted into a public limited entity.

Promoters Mr. Rajendra Ravi Shanker Mishra and Mrs. Jyotsna Jawahar have been instrumental in the company's growth. The IPO aims to prepay or repay certain loans, fund working capital requirements, and support general corporate purposes, thereby strengthening its product portfolio and positioning in the tech industry.

(With inputs from agencies.)