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Virtuoso Optoelectronics IPO

Virtuoso Optoelectronics Limited Logo

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 EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
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 DateSep 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 Size2000 Shares
Issue Size5,400,000 shares of ₹10
(aggregating up to ₹30.24 Cr)
Fresh Issue5,400,000 shares of ₹10
(aggregating up to ₹30.24 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company PromotersSukrit 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.

Virtuoso Optoelectronics IPO Opening DateSep 2, 2022
Virtuoso Optoelectronics IPO Closing DateSep 7, 2022
Basis of AllotmentSep 12, 2022
Initiation of RefundsSep 13, 2022
Credit of Shares to DematSep 14, 2022
Virtuoso Optoelectronics IPO Listing DateSep 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).

Retail (Min)12000₹112,000
Retail (Max)12000₹112,000

Virtuoso Optoelectronics IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

IPO Prospectus

Company Contact Information

Virtuoso Optoelectronics Limited
Plot No. 7 M.I.D.C.
Satpur, Nasik,
Phone: 025 3235 0461
Email: [email protected]

IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: [email protected]

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IPO Lead Manager(s)

  1. Fedex Securities Limited