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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.
| 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 Size | 5,400,000 shares (aggregating up to ₹30.24 Cr) |
| Fresh Issue | 5,400,000 shares (aggregating up to ₹30.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 14,982,516 |
| Share holding post issue | 20,382,516 |
| Market Maker portion | 280,000 shares |
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 Offered | 280,000 (5.19%) |
| Other Shares Offered | 2,560,000 (47.41%) |
| Retail Shares Offered | 2,560,000 (47.41%) |
| Total Shares Offered | 5,400,000 (100%) |
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 |
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 | |||
Sukrit Bharati is the company promoter.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.51% |
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:
| 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 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Virtuoso Optoelectronics IPO is Rs 114.14 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 6.92 |
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.
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 112.87 |
| Retail | 80.95 |
| Total | 96.91 |
| Listing Date | September 15, 2022 |
| BSE Script Code | 543597 |
| NSE Symbol | |
| ISIN | INE0I0T01010 |
| Final Issue Price | ₹56 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹56.00 |
| ₹117.00 |
| ₹111.15 |
| ₹122.85 |
| ₹115.40 |
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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
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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
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.
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