Virtuoso optoelectronics IPO is engaged into consumer durable goods, assembles a wide array of products and provides end-to-end product solutions.
Virtuoso optoelectronics IPO- overview
| IPO Dates | 2-7 sept 2022 |
| IPO Price | INR 56 per share |
| Fresh issue | 2.850,000 shares (INR 11.04 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2.850,000 shares (INR 11.04 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Virtuoso optoelectronics IPO -Tentative Dates
| IPO Offer Opening Date | 02 September 2022 |
| IPO Closing Date | 07 September 2022 |
| Finalisation of Basis of Allotment | 12 September 2022 |
| Initiation of refunds | 13 September 2022 |
| Transfer of shares to demat accounts | 14 September 2022 |
| IPO Listing Date | 15 September 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Incorporated in 2015, Virtuoso Optoelectronics Limited manufactures consumer durable goods, assembles a wide array of products and provides 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 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 the 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).
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.
Objects of the Issue
- Funding the incremental working capital requirements of the Company.
- General Corporate Purposes.
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 12555.51 | 7989.63 | 5719.08 |
| Total Revenue | 20028.2 | 11551.3 | 6839.34 |
| Profit After Tax | 394.01 | 208.33 | 140.89 |
Company Contact Information
Virtuoso Optoelectronics Limited
Plot No. 7 M.I.D.C.
Satpur, Nasik,
422007
Phone: 025 3235 0461
Email: info@voepl.com
Website: https://www.voepl.com/
Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
