Stellar SME IPO listing: Lucky subscribers of this SME IPO more than doubled their money with strong listing gains; know more now!

Stellar SME IPO listing: Lucky subscribers of this SME IPO more than doubled their money with strong listing gains; know more now!

Kaustubh Bhosale
/ Categories: Trending, Mindshare

The shares of SME company Virtuoso Optoelectronics Ltd (VOL) got listed on bourses on September 15.

The shares of SME company Virtuoso Optoelectronics Ltd (VOL) got listed on bourses on September 15. It was a stellar lister as the company got listed with gain of nearly 100 per cent. The IPO price was 56 per share and the shares of VOL were listed at Rs 111.70 per share on Thursday trading session.

 

In the closing hours of the trading session heavy buying was seen in the newly listed SME stock - VOL. The shares of VOL managed to close at Rs 123.40 per share with no sellers in the counter. This translates into a listing gain of over 120 per cent. 

 

VOL SME IPO is yet another sucess story that indicates the huge opportunity that lie in the manufacturing sector for India. 

 

Incorporated in 2015, Virtuoso Optoelectronics Limited manufactures consumer durable goods, assembles a wide array of products and provide end-to-end product solutions. The company's current product portfolio of consumer goods includes (I) Split Air Conditioners; (ii) Water Heaters; (iii) LED Lighting products; and (iv) other miscellaneous products such as injection moulding components for air conditioners.

 

Virtuoso Optoelectronics Limited serve under both original equipment manufacturer ("OEM") and original design manufacturer ("ODM") business models. Under the OEM model, the company manufacture and supplies products basis designs developed by the customers, who then further distribute these products under their brands. Under the ODM model, in addition to manufacturing, the company conceptualizes and designs the products which are then marketed to the customers' prospective customers under their brands.

 

The company has two manufacturing facilities which are strategically located in and around Nashik (Maharashtra). Virtuoso Optoelectronics Limited also has a centralized R&D centre in Nashik (Maharashtra), focusing on the research and development of all aspects of OEM and ODM models including concept sketching, design refinement, generating optional features and testing.

 

The funds raised via the IPO are intended to satisfy the working capital needs of the company and also to cater to its growth strategy. The company's client list includes multinational companies and some of the leading white goods brands in India. 

 

High risk investors should keep this high growth SME company on their watchlist!

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