Last updated on September 15, 2022
Virtuoso Optoelectronics IPO description – The company manufactures consumer durable goods, assembles a wide array of products and provides 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 molding components for air conditioners.
It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, the company manufactures and supplies products basis designs developed by its customers, who then further distribute these products under their brands. Under the ODM model, in addition to manufacturing, the company conceptualize and designs 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 center 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.
Promoters of Virtuoso Optoelectronics – Sukrit Bharati
Virtuoso Optoelectronics IPO Details
| Subscription Dates | 2 – 7 September 2022 |
| Price Band | INR56 per share |
| Fresh issue | 54,00,000 shares (INR 30.24 crore) |
| Offer For Sale | Nil |
| Total IPO size | 54,00,000 shares (INR 30.24 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Virtuoso Optoelectronics Financial Performance
| Â | FY2019 | FY2020 | FY2021 | FY2022 |
| Revenue | 5,525.93 | 6,825.49 | 11,551.30 | 20,028.20 |
| Expenses | 5,436.40 | 6,633.44 | 11,261.75 | 19,455.14 |
| Net income | 53.87 | 140.89 | 208.33 | 394.01 |
Virtuoso Optoelectronics Offer News
Virtuoso Optoelectronics Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.23 | 1.79 | 3.11 |
| PE ratio | – | – | 18.01 |
| RONW (%) | 12.53 | 15.64 | 18.53 |
| NAV | – | – | 14.19 |
| Debt/Equity ratio | – | – | – |
| ROCE (%) | – | – | – |
Virtuoso Optoelectronics IPO GMP Daily Trend
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 14 Sep 2022 | 30 | – | 55,000 |
| 13 Sep 2022 | 30 | – | 55,000 |
| 12 Sep 2022 | 25 | – | 50,000 |
| 9 Sep 2022 | 20 | – | 45,000 |
| 8 Sep 2022 | 20 | – | 41,000 |
| 7 Sep 2022 | 15 | – | 35,000 |
| 6 Sep 2022 | 12 | – | 34,000 |
| 5 Sep 2022 | 8 | – | 30,000 |
| 2 Sep 2022 | 10 | – | 25,000 |
| 1 Sep 2022 | – | – | 20,000 |
Virtuoso Optoelectronics IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 27,00,000 | 27,00,000 | 54,00,000 |
| Day 1 | 0.07 | 0.21 | 0.14 |
| Day 2 | 0.99 | 3.42 | 2.21 |
| Day 3 | 7.19 | 14.63 | 10.91 |
| Day 4 | 107.02 | 76.76 | 91.89 |
Virtuoso Optoelectronics IPO Lead Manager
Fedex Securities Private Limited
B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle
(East), Mumbai – 400 057, Maharashtra, India
Phone.: +91 81049 85249
E-mail: [email protected]
Website: www.fedsec.in
Virtuoso Optoelectronics Offer Registrar
Cameo Corporate Services Limited
No.01, Club House Road,
Mount Road, Chennai – 600002
Phone: 044 4002 0700
E-mail: [email protected]
Website: www.cameoindia.com
Virtuoso Optoelectronics IPO Contact Details
Virtuoso Optoelectronics Limited
Plot No. 7 M.I.D.C., Satpur,
Nasik -422007, Maharashtra
Phone: 025 3235 0461
Email: [email protected]
Website: www.voepl.com
Virtuoso Optoelectronics IPO Allotment Status
Virtuoso Optoelectronics IPO allotment is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Virtuoso Optoelectronics IPO Timetable
| IPO Opening Date | 2 September 2022 |
| IPO Closing Date | 7 September 2022 |
| Finalisation of Basis of Allotment | 12 September 2022 |
| Initiation of refunds | 13 September 2022 |
| Transfer of shares to demat accounts | 14 September 2022 |
| Listing Date | 15 September 2022 |
| Opening Price on BSE SME | INR117 per share (up 108.93% from IPO price) |
| Closing Price on BSE SME | INR115.4 per share (up 106.07% from IPO price) |
Virtuoso Optoelectronics IPO FAQs
What is Virtuoso Optoelectronics offer size?
Virtuoso Optoelectronics offer size is INR 30.24 crore.
What is Virtuoso Optoelectronics IPO Price Band?
Virtuoso Optoelectronics public offer price is INR 56 per share.
What is the lot size of Virtuoso Optoelectronics IPO?
Virtuoso Optoelectronics offer lot size is 2,000 shares.
What is Virtuoso Optoelectronics IPO GMP today?
Virtuoso Optoelectronics IPO GMP today is INR30 per share.
What is Virtuoso Optoelectronics kostak rate today?
Virtuoso Optoelectronics kostak rate today is NA per application.
What is Virtuoso Optoelectronics Subject to Sauda rate today?
Virtuoso Optoelectronics Subject to Sauda rate today is INR55,000 per application.
