Virtuoso Optoelectronics IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Virtuoso Optoelectronics IPO release date, IPO offer price, subscription, Virtuoso Optoelectronics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 56 per share |
| Listing At | BSE SME |
| Min. Order Quantity | 2000 shares |
| Listing Date | NA |
| Offer for Sale | NA |
| Fresh Issue | Rs. 3024 Lakh |
| IPO Size | Rs. 3024 Lakh |
| Tick Size | 1 |
Virtuoso Optoelectronics IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Virtuoso Optoelectronics IPO – Summary
They Company was originally incorporated as Virtuoso Optoelectronics Private Limited at Nashik, Maharashtra as a Private Limited Company under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated September 11, 2015.
Subsequently, our Company was converted into a Public Limited Company pursuant to special resolution passed by the shareholders at the Extraordinary General Meeting held on March 24, 2021 and consequent upon conversion the name of our company was changed to Virtuoso Optoelectronics Limited.
The Promoter of this company is SUKRIT BHARATI. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar to this issue is Cameo Corporate Services Limited.
Virtuoso Optoelectronics IPO Date
The opening of will be on Sep 2, 2022 and the closing date Sep 7, 2022.
Virtuoso Optoelectronics IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 2nd Sep | 0.08x | 0.22x | 0.15x |
| 2nd Day – 5th Sep | 1.05x | 3.61x | 2.33x |
| 3rd Day – 6th Sep | 7.58x | 15.43x | 11.50x |
| 4th Day – 7th Sep | 112.87x | 80.95x | 96.91x |
| Shares Offered or Net Issue | 2,560,000 | 2,560,000 | 5,120,000 |
The shares subscribed by the public will be updated here.
Virtuoso Optoelectronics IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Virtuoso Optoelectronics Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Virtuoso Optoelectronics IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.56.
Virtuoso Optoelectronics IPO Equity Size
This Initial Public Issue of 54,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.56 per equity share aggregating to Rs.3024 Lakh.
Virtuoso Optoelectronics IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,400,000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 5,400,000 Equity Shares of Rs.10 each, aggregating to Rs.3024 Lakh.
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Virtuoso IPO – Live Performance
The listing date of this IPO is Sep 5, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Virtuoso Optoelectronics Share Price |
Virtuoso Optoelectronics IPO Grey Market Premium
The Virtuoso Optoelectronics Limited IPO Grey Market Premium price is Rs 45, the Kostak rate is Rs NA and the Subject to Sauda is Rs.65000.
Virtuoso Optoelectronics IPO – Company Overview
They manufacture consumer durable goods and assemble a wide array of products and provide end-to-end product solutions. We serve under both original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) business models.
Under the OEM model, we manufacture and supply products basis designs developed by our customers, who then further distribute these products under their own brands.
Under the ODM model, in addition to manufacturing, we conceptualize and design the products which are then marketed to our customers’ prospective customers under their brands. We have developed ODM capabilities with respect to lighting products and small appliances.
Virtuoso Optoelectronics IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 9224.3 | 7989.63 | 5719.08 | 2634.67 |
| *Total Revenue | 7398.54 | 11551.3 | 6825.49 | 5525.93 |
| Total Expense | 7,271.46 | 11,276.01 | 6,633.44 | 5,436.40 |
| Profit After Tax | 87.21 | 196.45 | 140.89 | 53.87 |
Earnings per Equity Share (in Lakh)
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 5.24 | 11.80 | 9.31 | 3.59 |
Further, their PAT for the period ended on 30-Sep-21,31-Mar-21,31-Mar-20 and 31-Mar-19 were Rs.87.21 Lakh, Rs.196.45 Lakh,Rs.140.89 Lakh and Rs.53.87 Lakh, respectively.
Virtuoso Optoelectronics IPO – Promoters
The Promoter of this company is:
- SUKRIT BHARATI
List of Related Parties (Key Managerial Personnel)
- Sukrit Bharati, Managing Director
- Vishrut Bharati, Non-Executive Director
- Abhinav, Independent Director
- Komal Kotecha, Independent Director
- Renuka Kulkarni, Company Secretary
- Sajid Shaikh, Chief Financial Officer
Virtuoso Optoelectronics IPO – Promoters Holding
- Pre Issue Share Holding -100%
- Pos Issue Share Holding – 73.51%
Virtuoso Optoelectronics IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 54,00,000 Equity Shares aggregating up to Rs.3024 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,80,000 Equity Shares aggregating up to Rs.156.80 Lakh |
| Net Issue to the Public | Up to 51,20,000 Equity Shares aggregating up to Rs. 2867.20 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 1,49,82,516 Equity Shares |
| Equity Shares outstanding after the Issue | 2,03,82,516 Equity Shares |
Virtuoso Optoelectronics IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding the incremental working capital requirements of our Company.
2. General corporate purposes.
Virtuoso Optoelectronics IPO – Business Strategy
- Continue to focus on ODM model
- Expand existing relationships with customers into other product verticals
- Continue to strive for cost leadership
- Grow export sales
- Continuing innovation and strengthening the R&D capacity
Virtuoso IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experience and knowledge of Promoter for more than a decade:
- Expand our product range and total production capacity.
- Location of Manufacturing Unit
- Quality Assurances
- Track record of financial performance
- Strong customer relationships with majority of leading brands
- Research & development and product design capabilities
- Increasing Operation Efficiency
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 30-Jun-22 | 2.75 | 16.24 | 16.94 |
| 31-Mar-22 | 3.11 | 18.53 | 14.19 |
| 31-Mar-21 | 1.79 | 15.64 | – |
| 31-Mar-20 | 1.23 | 12.53 | – |
Virtuoso IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | |
| Virtuoso Optoelectronics Limited | 10 | 18.01 | 3.11 | 18.53 |
| Listed Peers | ||||
| Dixon Technologies (India) Ltd | 2 | 126.60 | 32.31 | 21.90 |
| Amber Enterprises India Limited | 10 | 70.30 | 32.41 | 4.44 |
Virtuoso Optoelectronics IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Yash Kadakia SEBI Registration Number: INM000010163 Investor Grievance E-Mail: mb@fedsec.in |
Virtuoso Optoelectronics IPO Registrar to offer
| Registrar to the Offer |
| Cameo Corporate Services Limited No.01, Club House Road, Mount Road, Chennai – 600002, India Tel No.: 044 4002 0700 Fax No.: NA E-mail: priya@cameoindia.com Website: www.cameoindia.com Contact Person: Ms. K. Sreepriya SEBI Registration No.: INR000003753; Investor Grievance E-mail: investor@cameoindia.com |
Virtuoso Optoelectronics IPO – Other Details
- Statutory Auditor – M/s. Jain Chhajed & Associates, Chartered Accountants
- Legal Counsel to the Company – Pooja Sharma
- Bankers to the Company – Axis Bank Ltd, and ICICI Bank Limited
Virtuoso Optoelectronics IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Virtuoso Optoelectronics Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Virtuoso Optoelectronics IPO Review FAQs
Check out various FAQs related to Virtuoso Optoelectronics IPO:
What is the Issue Size of Virtuoso Optoelectronics IPO?
The Company is making an initial public offer of 5,400,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Virtuoso Optoelectronics IPO?
The price band for this particular IPO ranges between Rs.56. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Virtuoso Optoelectronics IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 2, 2022, while the closing date is set at Sep 7, 2022.
What is the Virtuoso Optoelectronics IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Virtuoso Optoelectronics IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Virtuoso Optoelectronics IPO?
One of the reputed registrars is managing the issue of this IPO, Cameo Corporate Services Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Virtuoso Optoelectronics IPO?
Here are the promoters of this IPO – SUKRIT BHARATI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Virtuoso IPO?
We have obtained the GMP of this IPO and it is Rs.45. Further insights of Kostak rate and subject to sauda Rs.65000 or SS are as well included in this report.
Is Virtuoso Optoelectronics IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Virtuoso Optoelectronics Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 30-Sep-21,31-Mar-21,31-Mar-20 and 31-Mar-19 were Rs.87.21Lakh, Rs.196.45 Lakh,Rs.140.89 Lakh and Rs.53.87 Lakh, respectively.
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