IPO

Virtuoso Optoelectronics Limited

BSE SME

Listed On: Sep 15, 2022 at ₹ 117.0

₹ 112000 /2000 Shares

Check Allotment

IPO Details

02 Sep, 2022

Open Date

07 Sep, 2022

Close Date

12 Sep, 2022

Allotment Date

15 Sep, 2022

Listing Date

Issue Price

₹56 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Cameo Corporate Services Limited

List Price

117.0

Listing Date

2022-09-15

Market Lot

2000 Shares (₹112,000/-)

Lead Manager

Fedex Securities Limited

Issue Size

5,400,000 shares of ₹10(aggregating up to ₹30.24 Cr)

Retail Portion

N/A

Subscription

96.91 times

IPO Docs

DRHP RHP

IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved2,560,0002,560,0005,120,000
Day 1 - 02-09-22 06:00 PM0.08 x0.22 x0.15 x
Day 2 - 05-09-22 06:00 PM1.05 x3.61 x2.33 x
Day 3 - 06-09-22 06:00 PM7.58 x15.43 x11.50 x
Day 4 - 07-09-22 06:00 PM112.87 x80.95 x96.91 x

Valuations

Earnings Per Share (EPS)

₹11.80/-

P/E Ratio

N/A

RoNW

14.87%

Net Asset Value (NAV)

₹79.36/-

Company Financials All values are in ₹ Lakh

31-Mar-1931-Mar-2031-Mar-2130-Sep-21
Assets2634.675719.087989.639224.3
Revenue5525.936825.4911551.37398.54
Profit After Tax53.87140.89196.4587.21

About The Company

Incorporated in 2015, Virtuoso Optoelectronics Limited manufactures consumer durable goods, assembles a wide array of products and provide end-to-end product solutions. The company's current product portfolio of consumer goods includes (I) Split Air Conditioners; (ii) Water Heaters; (iii) LED Lighting products; and (iv) other miscellaneous products such as injection moulding components for air conditioners.
Virtuoso Optoelectronics Limited serve under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, the company manufacture and supplies products basis designs developed by the customers, who then further distribute these products under their brands. Under the ODM model, in addition to manufacturing, the company conceptualize and design the products which are then marketed to the customers' prospective customers under their brands.
The company has two manufacturing facilities which are strategically located in and around Nashik (Maharashtra).
Virtuoso Optoelectronics Limited also has a centralized R&D centre in Nashik (Maharashtra), focusing on the research and development of all aspects of OEM and ODM models including concept sketching, design refinement, generating optional features and testing.

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- Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: %


Company Promoter(s)

  1. Sukrit Bharati

IPO - Issue Objectives

  1. Funding the incremental working capital requirements of the Company.
  2. General corporate purposes.

IPO - FAQs

Ans. Virtuoso Optoelectronics Limited is a SME IPO. The issue is priced at ₹56 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 2, 2022, and closes on Sep 7, 2022. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Virtuoso Optoelectronics Limited opens on Sep 2, 2022 and closes on Sep 7, 2022.

Ans. The size of Virtuoso Optoelectronics Limited is 5,400,000 shares of ₹10(aggregating up to ₹30.24 Cr).

Ans. The IPO price band is set between ₹56 per equity share.

Ans. To apply for Virtuoso Optoelectronics Limited IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Virtuoso Optoelectronics Limited in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Virtuoso Optoelectronics Limited is Sep 12, 2022.

Ans. The Virtuoso Optoelectronics Limited will be listed on Sep 15, 2022.

Ans. Follow the steps to check the allotment status for Virtuoso Optoelectronics Limited here.