Business Standard

Virtuoso Optoelectronics Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

30.24 cr

Price Range (₹)

56

Lot Size

2000

Min Investment (₹)

1,12,000.00

Listing Exchange

BSE - SME

Open Date

02-Sept-2022

Close Date

07-Sept-2022

Listing Date

15-Sept-2022

Virtuoso Optoelectronics Ltd News

    The Shares of Virtuoso Optoelectronics Ltd have now been listed.

    Virtuoso Optoelectronics Ltd IPO Details

    Initial public issue of up to 54,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Virtuoso Optoelectronics Limited (The Company or the Issuer) for cash at a price of Rs. 56 per equity share (the Issue Price), (including a premuim of Rs. 46 per equity share), aggregating Rs. 30.24 crores (The Issue), of which 2,80,000 equity shares of face value of Rs. 10 for cash at a price of Rs. 56 each aggregating Rs. 1.57 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 51,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 56 per equity share, aggregating to Rs. 28.67 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.49 % and 25.12 % respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price is 5.6 times of the face value.Minimum application of 2000 equity shares and in multiples of 2000 equity shares thereafter.

    Objective of issue

    Funding Incremental working capital requirements of the company. General corporate purposes.

    Virtuoso Optoelectronics Ltd Contact Details

    Virtuoso Optoelectronics Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - info@voepl.com

    Website - www.voepl.com