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Virtuoso Optoelectronics IPO is a fixed price issue of ₹30.24 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹30.24 crore.
Virtuoso Optoelectronics IPO bidding started from Sep 2, 2022 and ended on Sep 7, 2022. The allotment for Virtuoso Optoelectronics IPO was finalized on Sep 12, 2022. The shares got listed on BSE SME on Sep 15, 2022.
Virtuoso Optoelectronics IPO price is ₹56.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,24,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,00,000 shares (aggregating up to ₹30.24 Cr) |
| Reserved for Market Maker | 2,80,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹1.57 Cr) |
| Net Offered to Public | 51,20,000 shares (aggregating up to ₹28.67 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,49,82,516 shares |
| Share Holding Post Issue | 2,03,82,516 shares |
Virtuoso Optoelectronics IPO offers total 54,00,000 shares. Out of which 25,60,000 (47.41%) allocated to NII, 25,60,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,80,000 (5.19%) |
| NII (HNI) Shares Offered | 25,60,000 (47.41%) |
| Retail Shares Offered | 25,60,000 (47.41%) |
| Total Shares Offered | 54,00,000 (100.00%) |
Virtuoso Optoelectronics IPO opens on September 2, 2022, and closes on September 7, 2022.
| IPO Open Date | Fri, Sep 2, 2022 |
| IPO Close Date | Wed, Sep 7, 2022 |
| Tentative Allotment | Mon, Sep 12, 2022 |
| Initiation of Refunds | Tue, Sep 13, 2022 |
| Credit of Shares to Demat | Wed, Sep 14, 2022 |
| Tentative Listing Date | Thu, Sep 15, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 7, 2022 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,12,000 |
| Retail (Max) | 1 | 2,000 | ₹1,12,000 |
| HNI (Min) | 2 | 4,000 | ₹2,24,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | September 15, 2022 |
| BSE Script Code | 543597 |
| NSE Symbol | |
| ISIN | INE0I0T01010 |
| Final Issue Price | ₹56 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹117.00 |
| Low | ₹111.15 |
| High | ₹122.85 |
| Last Trade | ₹115.40 |
Virtuoso Optoelectronics Ltd.
Plot No. 7
M.I.D.C.
Satpur
Nashik, Maharashtra, 422007
Phone: 025 3235 0461
Email: info@voepl.com
Website: https://www.voepl.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Virtuoso Optoelectronics IPO is a SME IPO of 54,00,000 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.
The IPO opens on September 2, 2022, and closes on September 7, 2022.
Cameo Corporate Services Ltd. 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, and the minimum amount required for application is ₹1,12,000.
You can apply in Virtuoso Optoelectronics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Virtuoso Optoelectronics IPO listing date is on Thursday, September 15, 2022.
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