Virtuoso Optoelectronics IPO
Virtuoso Optoelectronics IPO 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 our 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:
- Infrastructure and Integrated Manufacturing Facility.
- Culture of innovation and highly experienced and young management.
- Constant focus on developing new and innovative products.
- Economies of Scale.
- R&D and product design capabilities lead to ODM business generation.
- Availability of Performance Linked Incentives.
- Strong relationships with a diverse top-tier customer base.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 2634.67 | 5525.93 | 53.87 | 449.72 | 299.72 |
| 31-Mar-20 | 5719.08 | 6825.49 | 140.89 | 1123.99 | 957.57 |
| 31-Mar-21 | 7989.63 | 11551.3 | 196.45 | 1320.71 | 1154.29 |
| 30-Sep-21 | 9224.3 | 7398.54 | 87.21 | 1407.92 | 1241.5 |
| Amount in ₹ Lakhs |
Objects of the Issue
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.
Virtuoso Optoelectronics IPO Details
| Virtuoso Optoelectronics IPO Date | Sep 2, 2022 to Sep 7, 2022 |
| Virtuoso Optoelectronics IPO Face Value | ₹10 per share |
| Virtuoso Optoelectronics IPO Price | ₹56 per share |
| Virtuoso Optoelectronics IPO Lot Size | 2000 Shares |
| Issue Size | 5,400,000 shares of ₹10 (aggregating up to ₹30.24 Cr) |
| Fresh Issue | 5,400,000 shares of ₹10 (aggregating up to ₹30.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Sukrit Bharati is the company promoter. |
Virtuoso Optoelectronics IPO Timeline
Virtuoso Optoelectronics IPO opens on Sep 2, 2022, and closes on Sep 7, 2022. The Virtuoso Optoelectronics IPO bid date is from Sep 2, 2022 10.00 A.M. to Sep 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Virtuoso Optoelectronics IPO Opening Date | Sep 2, 2022 |
| Virtuoso Optoelectronics IPO Closing Date | Sep 7, 2022 |
| Basis of Allotment | Sep 12, 2022 |
| Initiation of Refunds | Sep 13, 2022 |
| Credit of Shares to Demat | Sep 14, 2022 |
| Virtuoso Optoelectronics IPO Listing Date | Sep 15, 2022 |
IPO Lot Size
The IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹112,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
Virtuoso Optoelectronics IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
IPO Prospectus
- › IPO DRHP
Company Contact Information
Virtuoso Optoelectronics Limited
Plot No. 7 M.I.D.C.
Satpur, Nasik,
422007
Phone: 025 3235 0461
Email: [email protected]
Website: https://www.voepl.com/
IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://online.cameoindia.com/
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IPO Lead Manager(s)
- Fedex Securities Limited
