Virtuoso Optoelectronics Share Price

Virtuoso Optoelectronics Limited was incorporated as Virtuoso Optoelectronics Private Limited at Nashik, Maharashtra as a Private Limited Company vide Certificate of Incorporation dated September 11, 2015. Subsequently, Company converted into a Public Company on March 24, 2021 and the name was changed to Virtuoso Optoelectronic Limited on April 19, 2021 issued by Registrar of Companies, Mumbai. The Company is engaged primarily in manufacturing, selling and marketing of White Goods. The range of products manufactured by company includes Air Conditioners, Water Heaters and Lighting. It offers Electronics Manufacturing Services (EMS) and related products to its customers.The Company manufacture consumer durable goods and assemble products providing endtoend product solutions. It serve under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. Under the OEM model, it manufacture and supply products basis designs developed by customers who further distribute these products under their own brands. In addition to manufacturing, they conceptualize and design products which are marketed to prospective customers under their brands falling under ODM model. They have developed ODM capabilities subject to lighting products and small appliances. In year 2016, the Company started manufacturing of electronics and lighting products by setting up inhouse EMS facility in a 6,000 sq. ft facility. In 2017, the company received ISO 9001 certification.In 2018, VOEPL took its first steps into White Goods Manufacturing by laying the foundation for manufacturing of Air Conditioners (ACs).In 2021, the Company expanded the White Goods Division (AC) and moved into new 100K sq. ft. facility.The Company is planning to come out with an initial public offer by issuing 54,00,000 equity shares.