Preferential allotment of 16,89,859 equity shares at Rs. 503/- each for Rs. 85 crore
Virtuoso Optoelectronics has allotted 16,89,859 equity shares at Rs. 503/- each (face value Rs. 10/-, premium Rs. 493/-) on a preferential basis to 3 non-promoter investors for Rs. 85 crore.
By ScoutQuest · · 2 min read
- Shares Allotted (Preferential Basis)
- 16,89,859 equity shares at Rs. 503/- each
- Allotment Amount
- Rs. 85 crore
- Paid-up Equity Share Capital Post Allotment
- Rs. 35.94 crore comprising 3,59,40,930 shares of Rs. 10/- each
Virtuoso Optoelectronics has allotted equity shares on a preferential basis, a route where shares are issued to a selected set of investors instead of to the public.
What was allotted
- 16,89,859 equity shares of face value Rs. 10/- each
- Issue price: Rs. 503/- per equity share, including a premium of Rs. 493/- per equity share
- The allotment aggregates up to Rs. 85 crore
- The shares rank pari-passu in all aspects with the existing equity shares and are to be listed on the BSE and the National Stock Exchange of India
Who received the shares
- ICICI Prudential SmallCap Fund: 10,93,439 shares, 3.04% of post-issue capital
- ICICI Prudential Retirement Fund - Hybrid Aggressive Plan: 2,98,210 shares, 0.83%
- Clarus Capital II: 2,98,210 shares, 0.83%
All three allottees are non-promoter entities and held nil shares before this allotment. Number of investors: 3.
Effect on capital
After the allotment, the paid-up equity share capital of the company stands at Rs. 35.94 crore, comprising 3,59,40,930 equity shares of Rs. 10/- each.
Approvals behind it
The allotment follows the special resolution passed by shareholders at the Extra Ordinary General Meeting held on September 24, 2026, and the in-principal approval received from BSE Limited and National Stock Exchange of India Limited dated October 14, 2026. The Board considered and approved the allotment through a resolution passed by circulation on October 15, 2026.
How to read it
- The shares were issued at Rs. 503/- each against a face value of Rs. 10/-, so Rs. 493/- of the issue price is share premium
- Since new shares are being issued, the total number of shares rises, which proportionately reduces the stake of existing shareholders (dilution); the three allottees together hold 4.70% of post-issue capital, being 3.04% + 0.83% + 0.83%
- The new shares rank equally with existing shares and are to be listed, so they will add to the tradable share count
- Page 3 of the update is an annexure with the same details, including that no convertible instruments are involved
Also from Virtuoso Optoelectronics
EGM notice update: promoters, directors, KMP and senior management will not subscribe to the proposed issue
6 Oct 2026
Non-binding MOU signed with Government of Maharashtra for proposed Rs. 1050 Cr. investment
4 Oct 2026
Virtuoso Optoelectronics to hold Plant Visit & Management Meet with analysts on 9 October 2026, organized by Yes Securities
2 Oct 2026
More numbers
- Equity shares allotted16,89,859
- Issue price per equity shareRs. 503/-
- Face value per equity shareRs. 10/-
- Premium per equity shareRs. 493/-
- Total amount aggregating up toRs. 84,99,99,077/-
- Paid-up equity share capital after allotmentRs. 35,94,09,300/-
- Total equity shares after allotment3,59,40,930
- ICICI Prudential SmallCap Fund holding as % of post-issue capital3.04
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