Virtuoso Optoelectronics Limited

Virtuoso Optoelectronics Limited

BSE SME

₹112,000 / 2000 Shares

Offer Date:Sep 2, 2022 - Sep 7, 2022
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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

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Virtuoso 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.

ApplicationLotsSharesAmount
Retail (Min)12000₹1,12,000
Retail (Max)12000₹1,12,000
S-HNI (Min)24000₹2,24,000
S-HNI (Max)816000₹8,96,000
B-HNI (Min)918000₹10,08,000

Virtuoso Optoelectronics Limited IPO Timeline

IPO Open Date
2 Sep, 2022
IPO Close Date
7 Sep, 2022
Basis of Allotment
12 Sep, 2022
Listing Date
15 Sep, 2022

Issue Price

₹56 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Cameo Corporate Services Limited

Lead Manager

Fedex Securities Limited

Issue Size

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

Virtuoso Optoelectronics Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 192634.675525.9353.87---
31 Mar 205719.086825.49140.89---
31 Mar 217989.6311551.3196.45---
30 Sep 219224.37398.5487.21---

All values are in ₹ Lakh

Promoters & Share Holding

Promoter(s) Name

  • Sukrit Bharati
Share Holding Pre IssueShare 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.

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Virtuoso Optoelectronics Limited IPO Subscription Details

As onQIB/NIIRetailTotal
Shares Offered / Reserved2,560,0002,560,0005,120,000
Day 1 -02-09-22 06:00 PM
0.08 x0.22 x0.15 x
Day 2 -05-09-22 06:00 PM
1.05 x3.61 x2.33 x
Day 3 -06-09-22 06:00 PM
7.58 x15.43 x11.50 x
Day 4 -07-09-22 06:00 PM
112.87 x80.95 x96.91 x
Total No. of Applications:

Company Contact Details

Virtuoso Optoelectronics Limited

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -

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.

PD

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.

Virtuoso Optoelectronics Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK