
Virtuoso Optoelectronics Limited
BSE SME₹112,000 / 2000 Shares
Virtuoso Optoelectronics Limited IPO Details
The Virtuoso Optoelectronics Limited IPO price band is set between ₹56 per equity share, with a face value of ₹10 per share. The issue is managed by Cameo Corporate Services Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 2 Sep, 2022 and closes on 7 Sep, 2022. Investors can check the allotment status on 12 Sep, 2022, while the listing date is tentatively scheduled for 15 Sep, 2022.
The total issue size is 5,400,000 shares of ₹10, aggregating up to ₹30.24 Cr. Stay tuned for the latest Virtuoso Optoelectronics Limited IPO review and GMP updates.
Virtuoso Optoelectronics Limited IPO Review, Rating & Analysis
Virtuoso Optoelectronics Limited IPO Review
NO REVIEWVirtuoso Optoelectronics Limited IPO Rating
Virtuoso Optoelectronics Limited IPO Highlights
IPO Date
Sep 2, 2022 - Sep 7, 2022
Listing Date
15 Sep, 2022
Face Value
₹10 Per Equity Share
Price Band
₹56 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Virtuoso Optoelectronics Limited IPO Lot Size
The minimum market lot for Virtuoso Optoelectronics Limited IPO is 2000 shares with an application amount of ₹1,12,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,12,000 |
| Retail (Max) | 1 | 2000 | ₹1,12,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,24,000 |
| S-HNI (Max) | 8 | 16000 | ₹8,96,000 |
| B-HNI (Min) | 9 | 18000 | ₹10,08,000 |
Virtuoso Optoelectronics Limited IPO Timeline
Issue Price
₹56 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedLead Manager
Fedex Securities LimitedIssue Size
5,400,000 shares of ₹10(aggregating up to ₹30.24 Cr)Virtuoso Optoelectronics Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 19 | 2634.67 | 5525.93 | 53.87 | - | - | - |
| 31 Mar 20 | 5719.08 | 6825.49 | 140.89 | - | - | - |
| 31 Mar 21 | 7989.63 | 11551.3 | 196.45 | - | - | - |
| 30 Sep 21 | 9224.3 | 7398.54 | 87.21 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Sukrit Bharati
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | % |
About 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.
Virtuoso Optoelectronics Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,560,000 | 2,560,000 | 5,120,000 |
Day 1 -02-09-22 06:00 PM | 0.08 x | 0.22 x | 0.15 x |
Day 2 -05-09-22 06:00 PM | 1.05 x | 3.61 x | 2.33 x |
Day 3 -06-09-22 06:00 PM | 7.58 x | 15.43 x | 11.50 x |
Day 4 -07-09-22 06:00 PM | 112.87 x | 80.95 x | 96.91 x |
Frequently Asked Questions about Virtuoso Optoelectronics Limited IPO
When will Virtuoso Optoelectronics Limited IPO open for subscription?
The Virtuoso Optoelectronics Limited IPO opens on 2 Sep, 2022 and closes on 7 Sep, 2022.
What is the investors portion for Virtuoso Optoelectronics Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2560000.
How to apply for Virtuoso Optoelectronics Limited IPO?
You can apply for Virtuoso Optoelectronics Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Virtuoso Optoelectronics Limited IPO?
The issue size of Virtuoso Optoelectronics Limited IPO is approx ₹5,400,000 shares of ₹10(aggregating up to ₹30.24 Cr) crores.
What is the price band of Virtuoso Optoelectronics Limited IPO?
The price band for Virtuoso Optoelectronics Limited IPO is ₹56 per equity share to ₹undefined.
What is the lot size of Virtuoso Optoelectronics Limited IPO?
The minimum bid (lot size) for Virtuoso Optoelectronics Limited IPO is N/A shares with an investment of approx ₹112,000 .
What is the allotment date of Virtuoso Optoelectronics Limited IPO?
The allotment date for Virtuoso Optoelectronics Limited IPO is 12 Sep, 2022.
What is the listing date of Virtuoso Optoelectronics Limited IPO?
The listing date for Virtuoso Optoelectronics Limited IPO is expected to be 15 Sep, 2022.
What is the GMP of Virtuoso Optoelectronics Limited IPO?
The latest Grey Market Premium (GMP) for Virtuoso Optoelectronics Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
