Home  »  Ipo Review  »  Virtuoso Optoelectronics Ipo

Let’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.

Open Free Demat Account Now!

    Fill Your Details Here
    1. Open Demat AccountInvest in IPO

    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:


    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
    Net Issue to the Public Up to 51,20,000 Equity Shares aggregating up to Rs. 2867.20
    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
    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


    Subscribe to Virtuoso Optoelectronics IPO

      Fill Your Details Here
      1. Open Demat AccountInvest in IPO

      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.

      Calculate your return on investment!

      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
      Real Estate
      Fixed Deposit
      Mutual Fund

      Featured Topics


      Get 100% IPO Allotment Guarantee! Subscribe to IPO