Virtuoso Optoelectronics Limited IPO will open for subscription from 2nd September 2022. the company aims for an issue size of ₹30.24 Cr through this fixed price issue IPO.
Virtuoso Optoelectronics Limited
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 molding components for air conditioners.
It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, the company manufactures and supplies products basis designs developed by its customers, who then further distribute these products under their brands. Under the ODM model, in addition to manufacturing, the company conceptualizes and designs 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 center 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.
Major Competitive Strengths
- Hight standard Infrastructure and Integrated Manufacturing Facility.
- Young and experienced management.
- High priority on developing new and innovative products.
- R&D and product design capabilities lead to ODM business generation.
- Strong relationships with a diverse top-tier customer base.
Objects of the Issue
- working capital requirements of the Company.
- General corporate purposes.
Basic details about the company
| Full name | Virtuoso Optoelectronics Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | www.voepl.com |
Dates to remember
| IPO Opening date | 02 September 2022 |
| IPO Closing | 07 September 2022 |
| Basis of Allotment | 12 September 2022 |
| Initiation Refunds | 13 September 2022 |
| Credit to Demat Account | 14 September 2022 |
| Listing Date | 15 September 2022 |
Virtuoso Optoelectronics IPO details
| Subscription Dates | 2 – 7 September 2022 |
| Issue Type | Fixed Price Issue |
| Price Band | INR56 per share |
| Fresh issue | 54,00,000 shares (INR 30.24 crore) |
| Offer For Sale | Nil |
| Total IPO size | 54,00,000 shares (INR 30.24 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Virtuoso Optoelectronics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
Virtuoso Optoelectronics Financial Performance
| FY2019 | FY2020 | FY2021 | FY2022 | |
| Revenue | 5,525.93 | 6,825.49 | 11,551.30 | 20,028.20 |
| Expenses | 5,436.40 | 6,633.44 | 11,261.75 | 19,455.14 |
| Net income | 53.87 | 140.89 | 208.33 | 394.01 |
Virtuoso Optoelectronics Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.23 | 1.79 | 3.11 |
| PE ratio | – | – | 18.01 |
| RONW (%) | 12.53 | 15.64 | 18.53 |
| NAV | – | – | 14.19 |
| Debt/Equity ratio | – | – | – |
| ROCE (%) | – | – | – |
Company Promoters
- Sukrit Bharati
Virtuoso Optoelectronics IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.51% |
Lead Manager(s)
- Fedex Securities Limited
Virtuoso Optoelectronics IPO Registrar
Cameo Corporate Services Limited
No.01, Club House Road,
Mount Road, Chennai – 600002
Phone: 044 4002 0700
E-mail: priya@cameoindia.com
Website: www.cameoindia.com
Virtuoso Optoelectronics Contact Details
Virtuoso Optoelectronics Limited
Plot No. 7 M.I.D.C., Satpur,
Nasik -422007, Maharashtra
Phone: 025 3235 0461
Email: info@voepl.com
Website: www.voepl.com
Virtuoso Optoelectronics IPO Allotment Status
Virtuoso Optoelectronics IPO allotment will be available on Cameo Corporate Services’ website.
Click on this link to get allotment status.
Final thoughts
Virtuoso Optoelectronics IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
