Vilas Transcore Limited IPO Detail
Incorporated in 2006, Vilas Transcore Limited manufactures and supplies power distribution and transmission components, primarily to transformer and other power equipment manufacturers in India and abroad. The company produces and supplies various electrical lamination products, including CRGO cores and coils used in power and distribution transformers. The manufacturing process meets industry standards and customer specifications, using the latest technology to ensure quality and precision for application in the power equipment industry.
The company's product line includes CRGO laminated Core, CRGO core, and slit coils, which are essential components of various types of power transformers, distribution transformers, and other current transformers.
The company has two manufacturing units: one situated in Ramangamdi, Baroda (Gujarat), covering an area of 2200 sq. meters, and the second situated near Galaxy Hotel, Village Por, in Vadodara, Gujarat, covering an area of 11000 sq. meters.
The company's manufacturing facility has been certified for conforming to the quality management system standards, namely ISO 9001:2015.
Additionally, it has been approved for sourcing toroidal cores for current transformers (CT) up to 400 KV class for Power Grid projects.
As of July 31, 2023, the company has employed approximately 250 staff at various organizational levels.
Company Promoters
Nilesh Jitubhai Patel and Natasha Jitubhai Patel.IPO Details
| IPO Opening Date | May 27, 2024 |
| IPO Closing Date | May 29, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹139 - 147 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹95.26 Cr |
| Fresh Issue | ₹95.26 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 5.35x | 0.00x | 0.00x | 8.13x | 15.01x | 10.77x |
| Day 2 | 6.04x | 0.00x | 0.00x | 28.41x | 40.64x | 28.13x |
| Day 3 | 114.64x | 0.00x | 0.00x | 449.21x | 151.42x | 204.77x |
IPO Tentative Timetable
The Vilas Transcore Limited IPO open date is May 27, 2024, and the close date is May 29, 2024. The issue may list on Jun 03, 2024.
| IPO Open Date | May 27, 2024 |
| IPO Close Date | May 29, 2024 |
| Basis of Allotment Date | May 30, 2024 |
| Initiation of Refunds | May 31, 2024 |
| Credit of Shares to Demat Account | May 31, 2024 |
| IPO Listing Date | Jun 03, 2024 |
IPO Lot Size
The Vilas Transcore Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹147000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹147000 |
| Maximum | 1 | 1000 | ₹147000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 14266.28 | 13485.41 | 523.42 |
| 31-Mar-22 | 17265.64 | 23518.05 | 1791.49 |
| 31-Mar-23 | 18879.83 | 28478.14 | 2016.23 |
| 31-Jul-23 | 21577.65 | 10519.27 | 728.74 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objectives:-
- Funding for strategic investment and acquisitions,
- Funding Capital Expenditure towards construction of factory building,
- Funding capital expenditure towards acquiring and installing additional plant and machinery,
- General Corporate Purpose,
- To meet issue expenses.
Vilas Transcore Limited IPO Registrar:
Bigshare Services Pvt Ltd
Vilas Transcore Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Vilas Transcore Limited
Plot No 435 To 437, Nr Galaxy Hotel, N H
No 8, Village Por,
Vadodara- 391243
