Virtuoso Optoelectronics was incorporated on September 11, 2015. The company manufactures consumer durable goods and assembles a wide array of products and provides end-to-end product solutions.
| Bidding Dates |
|---|
| 02 Sep 2022 - 07 Sep 2022 |
| Subscription |
|---|
| 96.83x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,000 | 1 | 1 | 2000 | 5.4 M | ₹56 | 73.51 % | ₹302.4 M | RHP DOC |
Virtuoso Optoelectronics IPO SUBSCRIPTION STATUS
07 Sep '22Virtuoso Optoelectronics IPO overall subscription rate was 96.83 times the total available shares
Virtuoso Optoelectronics IPO retail subscription rate was 80.79 times in the retail segment
Virtuoso Optoelectronics IPO non-institutional investor subscription rate was 112.87 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Sep 2022 (Day 4) | 80.79x | 112.87x | - |
06 Sep 2022 (Day 3) | 15.4x | 7.58x | - |
05 Sep 2022 (Day 2) | 3.61x | 1.05x | - |
02 Sep 2022 (Day 1) | 0.22x | 0.08x | - |
Virtuoso Optoelectronics FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 3MFY23 | 41.2 | 738.2 | 6.1 | -12.7 |
| FY22 | 39.4 | 2,001.7 | 210.7 | -77.7 |
| FY21 | 20.8 | 1,152.6 | 10.3 | -98.7 |
| FY20 | 14.1 | 682.0 | 54.8 | -101.7 |
Virtuoso Optoelectronics IPO SUBSCRIPTION STATUS DETAILS
Virtuoso Optoelectronics had 5.4 M shares on offer
Virtuoso Optoelectronics IPO offer price was ₹56
Virtuoso Optoelectronics IPO minimum Investment was ₹112000
Virtuoso Optoelectronics IPO issue size was ₹ 302.4 M
Virtuoso Optoelectronics had a minimum lot size of 2000 Shares per application
Virtuoso Optoelectronics NUMBER OF SHARES ON OFFER
Virtuoso Optoelectronics IPO IMPORTANT DATES
| Issue Open Date | 02 Sep 2022 |
| Issue close Date | 07 Sep 2022 |
| Allotment Date | 12 Sep 2022 |
| Refund Date | 13 Sep 2022 |
| Demat Account Credit Date | 14 Sep 2022 |
| Listing Date | 15 Sep 2022 |
| Listing on Exchange(s) | BSE |
| Virtuoso Optoelectronics Allotment Status | Exchange |
Virtuoso Optoelectronics IPO subscription opened on 02 Sep 2022, and closed on 07 Sep 2022
IPO allotment for Virtuoso Optoelectronics was finalized on Monday, 12 Sep 2022
IPO listing for Virtuoso Optoelectronics was on BSE on Thursday, 15 Sep 2022
Virtuoso Optoelectronics IPO LISTING GAINS
| Issue Price (adjusted) | 56.0 |
| Listing Open Price | 117.0 |
| Listing Close Price | 115.4 |
| Listing Gain% | 108.9% |
| Current Gain% | 802.2% |
Virtuoso Optoelectronics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Virtuoso Optoelectronics Ltd. | 505.2 | 1029.8 | 109.5 | -3.3 | 2 | 3.6 | 1.6 | 826 | 17.5 | 15 | 6.6 | 4.6 | -33.3 |
| Havells India Ltd. | 1288 | 80750.1 | 49.4 | 3.2 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2717 | 78154.9 | 20.5 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16631 | 66829.5 | 56.6 | 1.7 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1047.2 | 47537.8 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37900 | 33509.3 | 60.8 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
Virtuoso Optoelectronics INFORMATION ON IPO ISSUE
About Virtuoso Optoelectronics
Virtuoso Optoelectronics was incorporated on September 11, 2015. The company manufactures consumer durable goods and assembles a wide array of products and provides end-to-end product solutions.
Object of the Issue
1.Funding the incremental working capital requirements of the company
2.General corporate purposes
Virtuoso Optoelectronics - PROMOTERS
| Name |
|---|
| Sukrit Bharati |
Virtuoso Optoelectronics Lead Manager To The Issue
Fedex Securities Private Limited
mb@fedsec.in
Virtuoso Optoelectronics Registrar to the Issue
Cameo Corporate Services Limited
priya@cameoindia.com
Virtuoso Optoelectronics Strengths
Infrastructure and integrated manufacturing facility
The company aims to earn customer's trust and confidence through personal attention, and hence it offers products as per customer requirements
Experienced team
Key Managerial Personnel has an average experience of over 15 years with extensive experience in their domains.
Economies of Scale
Multiple manufacturing locations allow the company to optimally utilise facilities and enable it to distribute manufacturing process among them.
Virtuoso Optoelectronics Risks
Legal Proceedings
There are outstanding legal proceeding involving the company, the promoter and group companies
Dependent on certain approvals
The company requires certain approvals, licenses, registrations and permits for business, and the failure to obtain or renew them in a timely manner may adversely affect operations
IPO FAQs
The promoter of the company is Sukrit Bharati.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 56.0 - 56.0.
The IPO application opens on Sep 02, 2022 and closes on Sep 07, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 112,000.0.
This IPO will be allotted on Sep 12, 2022.
The refund will be credited to your account on Sep 13, 2022.
The allotted shares will be credited to your demat on Sep 14, 2022.
Virtuoso Optoelectronics Ltd.’s shares listed on the stock exchanges on Sep 15, 2022.