New Delhi. Osel Devices Limited IPO, a company that makes LED display systems and hearing aids, will open on September 16 and close on September 19. This IPO is seeing a great premium in the gray market before opening. Let us know how much profit IPO investors can make on the day of listing. There is tremendous demand for this IPO in the gray market before listing.

In the grey market, this IPO is trading at a premium of Rs 110. According to this, the company's shares can be listed for Rs 270. In simple language, investors can make a profit of Rs 110 on each share on the listing. If this happens, then investors can make a profit of about 69 percent.

What is the grey market?
Let us tell you that the grey market is an unauthorized market, where the shares of a company trade till its listing. The situation in the grey market keeps changing continuously. Grey market premium is not a guarantee of any listing. It is just an indication.

IPO highlights
The price band for the Rs 70.66 crore Osel Devices Limited IPO is Rs 155-160 per share. There is a minimum lot size of 800 shares with a single application. The minimum investment amount for retail investors is Rs 1.28 lakh. This is a completely fresh issue of 44.16 lakh shares. Horizon Management Private Limited is the book-running lead manager for the IPO. The registrar for the issue is Mass Services Limited. The shares are expected to be listed on the NSE SME platform on September 24.