Fixed Price IPO | ₹30 Cr | Listed at BSE SME | Fri, Sep 2, 2022 - Wed, Sep 7, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 2, 2022
IPO Close
Wed, Sep 7, 2022
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹114.14 Cr
| IPO Date | 2 to 7 Sep, 2022 |
| Listed on | Thu, Sep 15, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,00,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 2,80,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 51,20,000 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 51,20,000 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 1,49,82,516 shares |
| Share Holding Post Issue | 2,03,82,516 shares |
| BSE Script Code | 543597 |
| ISIN | INE0I0T01010 |
Virtuoso Optoelectronics IPO comprises a total issue size of 54,00,000 shares. The net offer to the public is 51,20,000 shares, after excluding 2,80,000 shares allotted on a firm basis. Of the Net offer 25,60,000 (50.00%) allocated to NII 25,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 25,60,000 | 50.00% | 47.41% |
| Retail Shares Offered | 25,60,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,80,000 | 5.19% | |
| Total Shares Offered | 54,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 133.51 | 125.56 | 79.90 | 57.19 |
| Total Income | 74.00 | 200.28 | 115.51 | 68.39 |
| Profit After Tax | 4.12 | 3.94 | 2.08 | 1.41 |
| NET Worth | 25.39 | 21.26 | 13.32 | 11.24 |
| Reserves and Surplus | 10.40 | 6.28 | 11.66 | 9.58 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of our Company | 20.40 |
| 2 | General corporate purposes | 6.79 |
| KPI | |
|---|---|
| Debt/Equity | 0.20 |
| RoNW | 18.53 |
| PAT Margin | 1.97% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.11 | |
| P/E (x) | 6.92 | |
| Promoter Holding | 100% | 73.51% |
| Market Cap | ₹114.14 Cr. |
The Virtuoso Optoelectronics IPO is subscribed 96.91 times on September 7, 2022 7:00:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 112.87 | 25,60,000 | 28,89,52,000 |
| Retail | 80.95 | 25,60,000 | 20,72,40,000 |
| Total | 96.91 | 51,20,000 | 49,61,92,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.15 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal and other advisory fees | 0.02 |
| 5 | Advertising expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.07 |
| 7 | Printing and distribution of issue stationary | 0.02 |
| 8 | Others, if any (market making, out of pocket Expenses, marketing fees etc.0 | 2.75 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹117.00 |
| Low | ₹111.15 |
| High | ₹122.85 |
| Last Trade | ₹115.40 |
Lead Manager Reports
Virtuoso Optoelectronics IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 2, 2022, and closes on Wed, Sep 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 Fri, Sep 2, 2022 and closes on Wed, Sep 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 Wed, Sep 14, 2022. Check the Virtuoso Optoelectronics IPO allotment status.
The Virtuoso Optoelectronics IPO listing date is on Thu, Sep 15, 2022.
