Virtuoso Optoelectronics IPO Allotment Status
| Virtuoso Optoelectronics IPO Allotment Status (Allotment will be done on September 12, 2022) | Click Here |
Virtuoso Optoelectronics IPO Allotment, Refund and Listing Date
| Virtuoso Optoelectronics IPO Opening Date | September 2, 2022 |
| Virtuoso Optoelectronics IPO Closing Date | September 7, 2022 |
| Basis of Allotment | September 12, 2022 |
| Initiation of Refunds | September 13, 2022 |
| Credit of Shares to Demat | September 14, 2022 |
| Virtuoso Optoelectronics IPO Listing Date | September 15, 2022 |
Virtuoso Optoelectronics IPO Details
| Virtuoso Optoelectronics IPO Price Band | Rs.56 Per Equity Share |
| IPO Lot Size | Minimum 2000 shares for 1 lot |
| Minimum Amount | Rs.112,000 for 1 lot |
| IPO Size | Approx Rs.30.24 Crores |
| Listing At | BSE, NSE |
| Offer for Sale | 5,400,000 Equity Shares |
| Retail Quota: | 50% |
| QIB Quota: | – |
| NII Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Virtuoso Optoelectronics IPO GMP (Grey Market Premium)
| Date | GMP | Kostak | Subject to |
| 6 September | Rs.20 | – | Rs.50,000 |
Virtuoso Optoelectronics IPO Subscription Status Live
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | – |
| Non-Institutional Buyers | 112.87 |
| Retail Investors | 80.95 |
| Employees | – |
| Others | – |
| Total | 96.83 |
Virtuoso Optoelectronics IPO Subscription Details (times)
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Sep 2, 2022 | 0.08 | 0.22 | 0.15 |
| Day 2 Sep 5, 2022 | 1.05 | 3.61 | 2.33 |
| Day 3 Sep 6, 2022 | 7.58 | 15.43 | 11.50 |
| Day 4 Sep 7, 2022 | 112.87 | 80.95 | 96.91 |
Virtuoso Optoelectronics Financial Report
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 5719.08 | 6839.34 | 140.89 | 1123.99 | 957.57 |
| 31-Mar-21 | 7989.63 | 11551.3 | 208.33 | 1332.32 | 1165.9 |
| 31-Mar-22 | 12555.51 | 20028.2 | 394.01 | 2126.34 | 628.08 |
| 30-Jun-22 | 13350.85 | 7399.61 | 412.34 | 2538.68 | 1040.43 |
Virtuoso Optoelectronics IPO Valuation – FY2022
| Earning Per Share (EPS): | Rs.11.80 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 14.87% |
| Net Asset Value (NAV): | Rs.79.36 per Equity Share |
Virtuoso Optoelectronics IPO Review
| What our Expert say about Virtuoso Optoelectronics IPO Review | Apply |
Objects of the Issue
- Funding the incremental working capital requirements of the Company.
- General Corporate Purpose.
Virtuoso Optoelectronics IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://online.cameoindia.com/
Peer Group
- Dixon Technologies (India) Ltd
- Amber Enterprises India Limited
Company Promoters
- Sukrit Bharati
Virtuoso Optoelectronics IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.51% |
Company Address
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/
About Virtuoso Optoelectronics IPO
Incorporated in 2015, Virtuoso Optoelectronics Limited produces durable consumer goods, builds large-stack products, and provides complete end-to-end products solutions. The Companys current portfolio of consumer goods includes: (i) split air coolers; (ii) water heaters; (iii) LED lighting products; and (iv) other miscellaneous products like air cooler injector parts. Virtuoso Optoelectronics Limited operates in both the Original Equipment Manufacturer (“OEM”) and Original Design Manufacturer (“ODM”) business models.
Under an OEM model, the company builds and supplies products according to designs developed by a customer, which then further distributes those products under its own brand. Under the ODM model, besides production, the company conceptualizes and designs products, which are then sold to prospective customers of the customers, under their brands. The company has two production facilities which are strategically located in and around Nashik (Maharashtra). Virtuoso Optoelectronics Limited also has a central R&D facility at Nashik (Maharashtra) focused on R&D for all aspects of the OEM & ODM models including conceptual sketches, design polishing, generation of additional features, and testing.
Under an OEM model, we produce and deliver products on the basis of designs developed by a customer, which further re-distributes those products under its brand name. Under the ODM model, besides the production, we concept and develop products which are then sold to the customers prospects, under their brand names.
Virtuoso Optoelectronics offers innovative solutions for its customers, who include leading international and domestic consumer brands. Their comprehensive solutions portfolio includes global procurement, components and parts manufacturing, in-house fabrication and assembly, quality testing, packaging, and logistics support, enabling them to work with leading consumer brands in India.
A culture of innovation and a high-caliber, youthful leadership. Constant focus on development of new and innovative products.
Availability of Performance-Linked Incentive Programs. Strong relationships with diverse, first-tier client bases.
