3 - 4 minutes readVirtuoso Optoelectronics IPO Date

Virtuoso Optoelectronics IPO Details: The opening and closing dates for Virtuoso Optoelectronics’ initial public offering are set: September 2 and September 7, 2022. In order to raise Rs. 30.24 crores through an IPO, Virtuoso Optoelectronics is a BSE SME IPO. With a market lot of 2000 shares, the Virtuoso Optoelectronics IPO price band is set at Rs. 56.

Virtuoso Optoelectronics IPO

Virtuoso Optoelectronics IPO Details

IPO Opening DateSep 5, 2022
IPO Closing DateSep 7, 2022
Price BandRs. 56 per share
Lot Size2000 Shares
Issue Size (Rs. Cr.)5,400,000 shares of Rs. 10 (aggregating up to Rs. 30.24 Cr)
Fresh Issue5,400,000 shares of Rs. 10 (aggregating up to Rs. 30.24 Cr)
Face ValueRs. 10 per share
Issue TypeFixed Price Issue IPO
Exchange BoardBSE, SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Basis of Allotment DateSep 12, 2022
Initiation of RefundsSep 2022
Credit of Shares to Demat AccountSep 2022
Virtuoso Optoelectronics IPO Listing DateSep 2022

Virtuoso Optoelectronics IPO Date

Virtuoso Optoelectronics IPO dates are announced. The IPO opening date is 5 Sep 2022 and closing date is 7 Sep 2022. The IPO allotment date is September and the IPO might list on September.

Virtuoso Optoelectronics IPO Issue Size

Virtuoso Optoelectronics IPO is going to list on BSE and SME. Virtuoso Optoelectronics IPO issue size is Rs. 30.24 Cr or 54,00,000 shares. The company manufactures consumer durable goods, assembles a wide array of products and provides end-to-end product solutions.

Virtuoso Optoelectronics IPO Price

Virtuoso Optoelectronics IPO is going to public in first week of Sep 2022. Virtuoso Optoelectronics IPO price is Rs. 56 per equity share and issue type of Virtuoso Optoelectronics IPO is Fixed Price Issue IPO.

Virtuoso Optoelectronics IPO Lot Size

The Virtuoso Optoelectronics IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or Rs. 112,000). The Virtuoso Optoelectronics IPO minimum market lot is 2000 shares with a Rs. 112,000 application amount.

Virtuoso Optoelectronics IPO Allotment Date and Listing Date

The shares will be credited to applicants’ demat accounts on (To be announced) Sep 2022, and the company plans to list on the exchanges on (To be announced) Sep 2022.

About Virtuoso Optoelectronics Limited IPO

Virtuoso Optoelectronics Limited, a 2015 incorporation, produces consumer durable goods, assembles a variety of products, and offers end-to-end product solutions. The company’s current line-up of consumer goods consists of (I) Split Air Conditioners, (II) Water Heaters, (III) LED Lighting products, and (IV) other ad hoc items like injection-molded air conditioner parts.

Original equipment manufacturer (“OEM”) and original design manufacturer (“ODM”) are both business models used by Virtuoso Optoelectronics Limited. According to the OEM model, the business creates and provides goods based on designs created by the clients, who then market and sell them under their own brands. In the ODM model, in addition to manufacturing, the business also conceptualises and designs the goods, which are later marketed to potential customers under the brands of the customers.

The business has two manufacturing facilities that are placed in and around Nashik in a strategic location (Maharashtra).

A centralised R&D facility for Virtuoso Optoelectronics Limited is located in Nashik, Maharashtra, and it focuses on the research and development of OEM and ODM models in all areas, including concept sketching, design improvement, creating optional features, and testing.

Promoters of Virtuoso Optoelectronics IPO

The organization’s promoter is Sukrit Bharati.

Virtuoso Optoelectronics IPO FAQs

What is Virtuoso Optoelectronics IPO?

A SME IPO with 5,400,000 equity shares with a face value of Rs. 10 and a total value of up to Rs. 30.24 crores was conducted by Virtuoso Optoelectronics. The price per share for the issue is Rs. 56. A minimum of 2000 Shares must be ordered. The IPO begins on September 2, 2022, and ends on September 7, 2022.

The Virtuoso Optoelectronics IPO’s registry is managed by Cameo Corporate Services Limited. It is proposed that the shares list on the BSE SME.

When Virtuoso Optoelectronics IPO will open?

The Virtuoso Optoelectronics IPO is scheduled to start on September 2, 2022, and end on September 7, 2022.

What is the lot size of Virtuoso Optoelectronics IPO?

Virtuoso Optoelectronics IPO lot size is 56 Shares and the minimum order quantity is 56 Shares.

How to apply for Virtuoso Optoelectronics IPO?

You can apply for the Virtuoso Optoelectronics IPO online and pay with UPI or ASBA. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications.

When Virtuoso Optoelectronics IPO allotment?

The Basis of Allotment for the Virtuoso Optoelectronics IPO will be finalized on (To be announced) Sep 2022, and the allotted shares will be credited to your demat account by (To be announced) Sep 2022.

When is Virtuoso Optoelectronics IPO listing date?

The Virtuoso Optoelectronics IPO will take place on (To be announced) Sep 2022. The Virtuoso Optoelectronics IPO is expected to be listed on (To be announced) Sep 2022.

Who is the registrar of Virtuoso Optoelectronics IPO?

The registrar for Virtuoso Optoelectronics IPO is Cameo Corporate Services Limited.

What is Virtuoso Optoelectronics IPO Price Band?

Virtuoso Optoelectronics IPO price is Rs. 56 per equity share.