Virtouso Optoelectronics Limited

Company Profile
Company Name Virtouso Optoelectronics Limited
Open Date 02-09-2022
Close Date 07-09-2022
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹ 56 per share
Issue Size 54,00,000 Equity Shares
Application Amount ₹ 1,12,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Virtuoso Optoelectronics Limited was incorporated in the year 2015 and is situated in Maharashtra. Company has two manufacturing units at Nashik and is engaged in manufacturing of Electronic Manufacturing Services (EMS), Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) for its reputed clients. The company’s product base includes – i) Split Air Conditioner, ii) Water Heaters, iii) LED Lighting Products and iv) Other Miscellaneous products such as injection moulding components for air conditioners.
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Summary of Financials (All financials in Lakh)

For the Period Ended Jun-22 Mar-22 Mar-21
Total Assets 13,350.85 12,555.51 7,898.69
Net Assets 2,538.68 2,126.34 1,332.32
Total Borrowings 7,108.23 6,800.26 5,142.56
Total Revenue 7,399.61 20,028.20 11,551.30
Profit After Tax 412.34 394.01 208.33

Tentative Timeline

Opening Date 02-09-2022
Closing Date 07-09-2022
Basis of Allotment 12-09-2022
Initiation of Refunds 13-09-2022
Credit of Shares to Demat 14-09-2022
Listing Date 15-09-2022

Objects of the Issue

Funding the incremental working capital requirements of the Company.
General corporate purposes.

Contact Information

Registered Office Virtuoso Optoelectronics Limited Plot No. 7 M.I.D.C. Satpur, Nasik, 422007
Phone 025 3235 0461

Registrar Details

Name Cameo Corporate Services Limited
Phone 91-44-28460390

IPO Reservation

Market Maker Shares Offered 2,80,000 (5.19%)
Other Shares Offered 25,60,000 (47.41%)
Retail Shares Offered 25,60,000 (47.41%)
Total Shares Offered 54,00,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100%
Share Holding Post Issue (Promoters) 73.51%

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