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 Details
|IPO Opening Date||Sep 5, 2022|
|IPO Closing Date||Sep 7, 2022|
|Price Band||Rs. 56 per share|
|Lot Size||2000 Shares|
|Issue Size (Rs. Cr.)||5,400,000 shares of Rs. 10 (aggregating up to Rs. 30.24 Cr)|
|Fresh Issue||5,400,000 shares of Rs. 10 (aggregating up to Rs. 30.24 Cr)|
|Face Value||Rs. 10 per share|
|Issue Type||Fixed Price Issue IPO|
|Exchange Board||BSE, SME|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Basis of Allotment Date||Sep 12, 2022|
|Initiation of Refunds||Sep 2022|
|Credit of Shares to Demat Account||Sep 2022|
|Virtuoso Optoelectronics IPO Listing Date||Sep 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.