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Virtuoso Optoelectronics Limited IPO (Virtuoso Optoelectronics IPO) Detail

Sep 2, 2022 - Sep 7, 2022

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.

Competitive Strengths:

  • Infrastructure and Integrated Manufacturing Facility.
  • Culture of innovation and highly experienced and young management.
  • Constant focus on developing new and innovative products.
  • Economies of Scale.
  • R&D and product design capabilities lead to ODM business generation.
  • Availability of Performance Linked Incentives.
  • Strong relationships with a diverse top-tier customer base.

Company Financials

Virtuoso Optoelectronics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-205719.086839.34140.891123.99957.57
31-Mar-217989.6311551.3208.331332.321165.9
31-Mar-2212555.5120028.2394.012126.34628.08
30-Jun-2213350.857399.61412.342538.681040.43
Amount in ₹ Lakhs

Objects of the Issue

The company proposes to utilize the Net Proceeds from the issue towards the following objects:

1. Funding the incremental working capital requirements of the Company.

2. General corporate purposes.

Virtuoso Optoelectronics IPO Details

Virtuoso Optoelectronics IPO Date Sep 2, 2022 to Sep 7, 2022
Virtuoso Optoelectronics IPO Face Value ₹10 per share
Virtuoso Optoelectronics IPO Price ₹56 per share
Virtuoso Optoelectronics IPO Lot Size 2000 Shares
Issue Size5,400,000 shares of ₹10
(aggregating up to ₹30.24 Cr)
Fresh Issue5,400,000 shares of ₹10
(aggregating up to ₹30.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Sukrit Bharati is the company promoter.

Virtuoso Optoelectronics IPO Timeline (Tentative Timetable)

Virtuoso Optoelectronics IPO opens on Sep 2, 2022, and closes on Sep 7, 2022. The Virtuoso Optoelectronics IPO bid date is from Sep 2, 2022 10.00 A.M. to Sep 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Virtuoso Optoelectronics IPO Opening Date Sep 2, 2022
Virtuoso Optoelectronics IPO Closing Date Sep 7, 2022
Basis of Allotment Sep 12, 2022
Initiation of Refunds Sep 13, 2022
Credit of Shares to Demat Sep 14, 2022
Virtuoso Optoelectronics IPO Listing Date Sep 15, 2022

Virtuoso Optoelectronics IPO Lot Size

The Virtuoso Optoelectronics IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹112,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹112,000
Retail (Max) 1 2000 ₹112,000

Virtuoso Optoelectronics IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.51%

Virtuoso Optoelectronics IPO Review

This group’s currently listed entity Starlite Components Ltd has posted dismal performance and is quoting at over 50% discount to its par value. VOL’s comparison with Dixon and Amber Enterprises also surprises one and all. Extra super performance for FY23 Q1 with bumper profits in non-convincing and looks fishy. Attribution of Q1 FY23 performance makes this issue lucratively priced, but based on FY22 earnings, it appears aggressively priced. Nearly 10% of the issue size expenses indicate arranged funding. Based on these evaluations, only well-informed cash surplus risk seekers may consider parking of funds, the rest can ignore it. Read detail review...


Virtuoso Optoelectronics IPO Subscription Status (Bidding Detail)

The Virtuoso Optoelectronics IPO is subscribed 96.91 times on Sep 7, 2022 7:00:00 PM. The public issue subscribed 80.95 times in the retail category, times in the QIB category, and 112.87 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII112.87
Retail80.95
Total96.91

Virtuoso Optoelectronics IPO Prospectus

Virtuoso Optoelectronics IPO Rating

460
3.9
Rating:Rated 3.9 stars
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Virtuoso Optoelectronics IPO Listing Date

Listing Date Thursday, September 15, 2022
BSE Script Code 543597
NSE Symbol
Listing In MT Group of Securities
ISIN INE0I0T01010
IPO Price ₹56 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹56.00
₹117.00
₹111.15
₹122.85
₹115.40

Company Contact Information

Virtuoso Optoelectronics Limited
Plot No. 7 M.I.D.C.
Satpur, Nasik,
422007
Phone: 025 3235 0461
Email: info@voepl.com
Website: https://www.voepl.com/

Virtuoso Optoelectronics IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/

Virtuoso Optoelectronics IPO Review

Virtuoso Optoelectronics IPO Recommendation Summary

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Members 7 0 0

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Virtuoso Optoelectronics IPO FAQs

Virtuoso Optoelectronics IPO is a SME IPO of 5,400,000 equity shares of the face value of ₹10 aggregating up to ₹30.24 Crores. The issue is priced at ₹56 per 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.

Zerodha customers can apply online in Virtuoso Optoelectronics IPO using UPI as a payment gateway. Zerodha customers can apply in Virtuoso Optoelectronics IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Virtuoso Optoelectronics IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Virtuoso Optoelectronics IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Virtuoso Optoelectronics IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Virtuoso Optoelectronics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Virtuoso Optoelectronics IPO will be done on Sep 12, 2022, and the allotted shares will be credited to your demat account by Sep 14, 2022. Check the Virtuoso Optoelectronics IPO allotment status.

The Virtuoso Optoelectronics IPO listing date is on Thursday, September 15, 2022.
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