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Virtuoso Optoelectronics Limited IPO (Virtuoso Optoelectronics IPO) Detail

September 2, 2022 - September 7, 2022

Virtuoso Optoelectronics IPO is a fixed price issue of Rs 30.24 crores. The issue is entirely a fresh issue of 54 lakh shares.

Virtuoso Optoelectronics IPO bidding started from September 2, 2022 and ended on September 7, 2022. The allotment for Virtuoso Optoelectronics IPO was finalized on Monday, September 12, 2022. The shares got listed on BSE SME on September 15, 2022.

Virtuoso Optoelectronics IPO price is ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹224,000.

Fedex Securities Pvt Ltd is the book running lead manager of the Virtuoso Optoelectronics IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Virtuoso Optoelectronics IPO RHP for detailed information.

Virtuoso Optoelectronics IPO Details

IPO Date September 2, 2022 to September 7, 2022
Listing Date September 15, 2022
Face Value ₹10 per share
Price ₹56 per share
Lot Size 2000 Shares
Total Issue Size5,400,000 shares
(aggregating up to ₹30.24 Cr)
Fresh Issue5,400,000 shares
(aggregating up to ₹30.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion280,000 shares

Virtuoso Optoelectronics IPO Reservation

Virtuoso Optoelectronics IPO offers 5,400,000 shares. 2,560,000 (47.41%) to NII, 2,560,000 (47.41%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered280,000 (5.19%)
Other Shares Offered2,560,000 (47.41%)
Retail Shares Offered2,560,000 (47.41%)
Total Shares Offered5,400,000 (100%)

Virtuoso Optoelectronics IPO Timeline (Tentative Schedule)

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

IPO Open Date Friday, September 2, 2022
IPO Close Date Wednesday, September 7, 2022
Basis of Allotment Monday, September 12, 2022
Initiation of Refunds Tuesday, September 13, 2022
Credit of Shares to Demat Wednesday, September 14, 2022
Listing Date Thursday, September 15, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 7, 2022

Virtuoso Optoelectronics IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹112,000
Retail (Max) 1 2000 ₹112,000
HNI (Min) 2 4,000 ₹224,000
Lot Size Calculator

Virtuoso Optoelectronics IPO Promoter Holding

Sukrit Bharati is the company promoter.

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

About Virtuoso Optoelectronics Limited

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
Amount in ₹ Lakhs

Key Performance Indicator

Virtuoso Optoelectronics IPO Market Cap is Rs 114.14 Cr and P/E (x) is 6.92.

KPI Values
P/E (x)6.92
Market Cap (₹ Cr.)114.14

Objects of the Issue (Virtuoso Optoelectronics IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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 September 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)

Virtuoso Optoelectronics IPO Prospectus

Virtuoso Optoelectronics IPO Rating

Rating:Rated 3.9 stars
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Virtuoso Optoelectronics IPO Listing Details

Listing Date September 15, 2022
BSE Script Code 543597
NSE Symbol
Final Issue Price ₹56 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Virtuoso Optoelectronics Limited Contact Details

Virtuoso Optoelectronics Limited
Plot No. 7 M.I.D.C.
Satpur, Nasik,
Phone: 025 3235 0461

Virtuoso Optoelectronics IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Virtuoso Optoelectronics IPO - Buy or Not

Virtuoso Optoelectronics IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
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 September 2, 2022, and closes on September 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 September 2, 2022 and closes on September 7, 2022.

Virtuoso Optoelectronics IPO lot size is 2000 Shares, and the minimum amount required is ₹112,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Ranked Members of Forum  Ranked Members | Most Liked Members



344. Hope is life |   Link |November 9, 2022 7:39:26 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
any news or prediction regarding results?
343. Hope is life |   Link |October 16, 2022 11:16:56 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Still Holding ipo alloted lot

short term,long term view experts?

thanks in advance
342. Takamichi |   Link |September 29, 2022 3:53:58 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Large buying going on in here
342.3. Takamichi |   Link |October 18, 2022 4:00:51 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
@nilay 😅😅..... Suit youself with any line of message....
People should know it's their money and their decision and if you are affected this easily then sooner or later someone like you will loot them big time....
Btw lot of funny words coming for your name here....but avoiding it as it seems its ur real
342.4. Nilaykumar |   Link |October 18, 2022 5:05:25 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@taka vaha hi reply kar deta to sab ke samne batata😂

Tu dusro ko apni galati batata he
aur apni khud ki galati pe koi bole to uske sath bewajah ladai karta he!!!

Tune apna opinion diya aur tu bahot galat hua to koi bole bhi nahi!!!

Fir bhi Mene tuje thik se reply diya tha aur tune foul play start kar diya.
Ye thik nahi he.
341. Takamichi |   Link |September 28, 2022 10:02:11 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Tomorrow is 11th day, y it's still in 5 percent circuit (zerodha ) for tomorrow?
340. Imhilli |   Link |September 26, 2022 9:11:22 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Any idea what to do with the present market scenario for this stock? How long it will take to recover? Especially who has taken @ 130 level?
339. Nilaykumar |   Link |September 17, 2022 2:32:33 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Company financially seems fishy (not genuine). they showing revenue on paper but doesn't seems they are actually doing fruit full business.
This company's promoter is closely associated with skyline componants promoter which is in process of insolvency.
Holders should be cautious with stop loss.
Still Share may fly to the sky because sme can easily be operated.
338. Imhilli |   Link |September 16, 2022 7:47:03 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Is Monday I.e. 19th Sept t+2 days for VOL?
337. Jayesh Sawant |   Link |September 16, 2022 4:37:13 PM
Market maker sold all shares.
337.1. Pranay Sarkar |   Link |September 16, 2022 5:41:55 PM
I have two questions. Plz reply.
Who are the market makers ?? And how they impact on SME IPOs ???
336. Arjun Rajkot |   Link |September 15, 2022 11:50:10 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
I will not sell single share before 160/-

Just Buy those who want to take risk.

They have PLI scheme alloted with Govt.
They are expanding largely and Just keep holding this Gem
336.2. rsk |   Link |September 16, 2022 7:35:01 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
50.50 Cr investment only (there are 26 others rangeing from 500+cr, 50 cr is minimum)

1. Control Assemblies for
IDU or ODU or Remotes
3. Cross Flow Fan (CFF)
4. Valves & Brass
5. Heat exchangers
Up to 03/22 50.50
336.3. rsk |   Link |September 16, 2022 7:55:46 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Good Luck to you Sir,
PLI is not a piece of Cake. For benefit of others: (key word here is incremental)

Revenue subsidy of 4-6% on incremental revenue from Y22-23, subject to incremental investment of 10cr every year for next 5 years
335. Pranay Sarkar |   Link |September 15, 2022 11:18:34 PM
Today it was closed at 122.85
But after some time it was settled at 115.4
Why ??? Please reply. Thank You.
335.1. Shahukaar |   Link |September 16, 2022 1:12:32 AM
Last sec sell off hua is liye adjust 115 pe hua..
334. Jey Nayak |   Link |September 15, 2022 10:58:40 PM
Guys I have 2 queries please clarify.
1) after hitting LC sellers are around 10lakhs and at sudden it changed to UC. how this is possible.
2) In preopen market, it's UC and LC where continuously changing and I was not able sell my shares in Preopen market.
334.1. rsk |   Link |September 15, 2022 11:12:57 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Welcome to the world of operators/Sharks/Manipulators.
1) Seller withdrew the sell order, which was placed for deterring/posturing. Possible that same person/s may have started buying
2) Preopen in new stocks is always irrational/unpredictable as you can see in other stocks (e .g. Ameya), During preopen a carrot of upto 134+ was dangled.

There are house brokers who are just churning volumes 10 paise + (as they dont pay commission).
There are no bulk trades in much hyped Syrma as well as Dreamfolks till now.
Even with 41 lakh volume today for VOEL, bulk trades are less than 5 lakh. MM has exited
334.2. Jey Nayak |   Link |September 16, 2022 12:33:38 AM
Thank bro.. I understood but completely but thanks alot for your replay. I had placed my order but due to this UC changes I was not able to decide the price that's why my order dint executed in Preopen market
333. Arjun Rajkot |   Link |September 14, 2022 11:23:02 PM
IPO Guru IPO Guru (1000+ Posts, 1800+ Likes)
GMP 53

Just Buy if U get the chance
Huge Buying at Upper circuit 106.4

Target 148

Dont Sell in hurry
Don't sell Tomorrow
Dont Panic
Dont Regret

Huge Buyers are mad tomorrow for this company.
Big Buying from Mumbai Delhi Counters.

Stay Invested
Can Buy

IPO people
'Have patience '
333.9. Gaurav DD dimer |   Link |September 27, 2022 5:38:44 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Available below listing price now.
333.10. Takamichi |   Link |September 28, 2022 1:24:27 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
It can be bought tomorrow seeing the buy orders..... tomorrow is the 10th day and on 11th there could be good movement as intraday trade would be allowed.....
332. IPOLucky |   Link |September 15, 2022 8:54:58 PM
Thank you so much... Chittorgarh team and other active members.
Finally got the first allotment and gained 1L+ profit in SME IPO.
331. IPO BHAKT |   Link |September 14, 2022 9:18:05 PM
In Ahmedabad brockers are buying alloted lot @110000 and may go to 125000 premium. My prediction listing with minimum 125000 profit + upper
331.7. Shahukaar |   Link |September 15, 2022 1:38:23 PM
@wishal bhai naa actually 90% j chhe. aa navi vastu aaje jova mali bse e sudhariyu...

nse sme unlimited hoy chhe
bse sme 90% ane ena pa6i 5% uc or lc...
pan aa vastu same ipo ni jem manage thai 6 vakhat filter male to aaje 5% 6 vakhat khoyla...

badha broker thi laine badhe aaj vastu chhe. inshort aaje navi vastu janva mali.
331.8. Wishal |   Link |September 15, 2022 3:02:50 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Barobar shakurbhai..
Meghaflex nu kae bolay che ?
330. Amit Jaipur |   Link |September 15, 2022 5:19:55 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
Thats why its game of only dare devils. Hamare jaise kamjor dil waale to jo mile wahi le kar side ho jaate hai.
329. snipperRaj |   Link |September 15, 2022 4:23:15 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
what a game in virtuoso... blast opening and blast in the end ..what a show. Only daring people stay..
329.1. Hamsa |   Link |September 15, 2022 4:30:58 PM
This game shows this stock is not ordinary and buying so much qnty with such selling pressure....It will go 200+ in coming 2-3 month for sure.
328. Growing |   Link |September 15, 2022 4:28:46 PM
Sold in LC & But now there is UC.
327. Noorul |   Link |September 15, 2022 11:19:09 AM
Anybody bought in preopen ?
I don't think so..
327.3. Ravu |   Link |September 15, 2022 12:22:08 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Yes, more than 50% traded and 20% on queue.
Now many are waiting LC to break for new buying.

327.4. Noorul |   Link |September 15, 2022 4:14:35 PM
Hit itself.
326. Takamichi |   Link |September 15, 2022 2:25:25 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
29 lakh shares sold and around 10 lakh in line to get a buyer....
That's makes it 22 crore of shares who have been sold or ready to be sold.... Let's see how long the other 8 crore hold their ground.....
325. Debasis |   Link |September 15, 2022 1:09:56 PM
I have applied numbers of SME IPO but not allotted.Advice me how to apply.
325.1. Shahukaar |   Link |September 15, 2022 1:34:09 PM
you should meet bangali baba ipo wale tantrik...😄 that's the only way...