Vilas Transcore IPO will open for subscription from 27 May 2024. The company aims for an issue size of ₹95.26 Cr through this IPO.
Company Overview
| Full name | Vilas Transcore Limited |
| Sector | Capital Goods |
| Industry | Electric Equipments |
| Company Website | https://vilastranscore.com/OLD/index.html |
About Company
Incorporated in 2006, Vilas Transcore is involved in the production of components used in the power distribution and transmission sector, primarily to manufacturers of transformers and other power equipment in India and abroad. The company manufactures a variety of electrical lamination products including cold-rolled grain-oriented (CRGO) lamination cores, CRGO slit coils, CRGO stacked (assembled cores), CRGO wound cores, and CRGO toroidal cores. These products are primarily used in power transformers, distribution transformers, dry-type transformers, as well as high-voltage, medium-voltage, and low-voltage current transformers.
The company’s revenue has surged at a compound annual growth rate of 45.96% from fiscal 2021 to fiscal 2023, driven by increased business with customers and repeat orders from top clients. Vilas Transcore operates from two manufacturing facilities located in Vadodara, Gujarat. The company has a combined installed manufacturing capacity of 12,000 MT, which includes CRGO laminations, coils, assemblies, and cores. Its major customers include Voltamp Transformers, Electrotherm India, Atlas Transformers India, Shilchar Technologies, and others.
The Objectives of the Issue
- Funding for strategic investment and acquisitions,
- Funding Capital Expenditure towards construction of factory building,
- For capital expenditure towards acquiring and installing additional plant and machinery,
- General Corporate Purpose,
- To meet issue expenses.
Vilas Transcore IPO Timetable
| IPO Opening date | 27 May 2024 |
| IPO Closing | 29 May 2024 |
| Basis of Allotment | 30 May 2024 |
| Initiation Refund | 31 May 2024 |
| Credit to Demat Account | 31 May 2024 |
| Listing Date | 03 June 2024 |
Vilas Transcore IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹95.26 Cr – 6,480,000 shares |
| Fresh Issue | ₹95.26 Cr – 6,480,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹139 to ₹147 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 326,000 shares |
| Shareholding pre-issue | 18,000,000 |
| Shareholding post-issue | 24,480,000 |
| Listing Exchange | NSE SME |
Vilas Transcore IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
Vilas Transcore Offer Documents
Vilas Transcore IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,845,000 (28.47%) |
| Market Maker Shares Offered | 326,000 (5.03%) |
| QIB Shares Offered | 1,231,000 (19.00%) |
| NII (HNI) Shares Offered | 924,000 (14.26%) |
| Retail Shares Offered | 2,154,000 (33.24%) |
| Total Shares Offered | 6,480,000 (100%) |
Vilas Transcore Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 132.65 | 233.03 | 282.61 | 235.75 |
| Expenses | 127.81 | 211.13 | 257.57 | 215.97 |
| Net income | 5.23 | 17.92 | 20.22 | 16.80 |
Vilas Transcore Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.91 | 9.95 | 11.24 |
| PE ratio | – | – | 12.37 – 13.08 |
| RONW (%) | 6.36 | 17.87 | 16.79 |
| NAV | 45.73 | 55.69 | 66.92 |
| ROCE (%) | 9.22 | 24.74 | 22.64 |
| EBITDA (%) | 60.2 | 10.93 | 10.09 |
| Debt/Equity | 0.08 | 0.03 | 0.04 |
Company Promoters
- Nilesh Jitubhai Patel
- Natasha Jitubhai Patel.
Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 73.01% |
Vilas Transcore IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 31 May 2024 | 108 | – | 82,000 |
| 30 May 2024 | 108 | – | 81,500 |
| 29 May 2024 | 108 | – | 81,500 |
| 28 May 2024 | 100 | – | 75,000 |
| 27 May 2024 | 77 | – | 57,800 |
| 25 May 2024 | 63 | – | 40,000 |
| 24 May 2024 | 80 | – | 55,000 |
| 23 May 2024 | 80 | – | 54,000 |
| 22 May 2024 | 45 | – | 41,000 |
Vilas Transcore IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,31,000 | 9,24,000 | 21,54,000 | 43,09,000 |
| 29 May 2024 | 114.64 | 449.56 | 151.42 | 204.85 |
| 28 May 2024 | 6.04 | 28.54 | 39.32 | 27.50 |
| 27 May 2024 | 5.35 | 8.06 | 14.55 | 10.53 |
Vilas Transcore IPO Allotment Status
Vilas Transcore IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Vilas Transcore IPO Listing Details
| Listing Date | 03 June 2024 |
| BSE Scrip Code | – |
| NSE Symbol | VILAS |
| ISIN | INE0AZY01017 |
| Final Issue Price | ₹147 per share |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹147.00 |
| Open | ₹215.00 |
| Low | ₹204.25 |
| High | ₹225.75 |
| Last Trade | ₹225.75 |
Vilas Transcore Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Vilas Transcore Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Vilas Transcore Contact Details
VILAS TRANSCORE LIMITED
Plot No 435 To 437, Nr Galaxy Hotel, NH No 8,
Village Por, Vadodara, Gujarat, 391243
Phone: +91- 9328026768
E-mail: accounts@vilastranscore.com
Website: www.vilastranscore.com
Vilas Transcore IPO FAQs
What is the Vilas Transcore offer size?
Vilas Transcore offer size is ₹ 90.07 – ₹ 95.26 crores.
What is the Vilas Transcore offer price band?
Vilas Transcore public offer price is ₹ 139 – ₹ 147 per share.
What is the lot size of the Vilas Transcore Offer?
Vilas Transcore offer a lot size is 1,000 shares.
What is Vilas Transcore IPO GMP today?
Vilas Transcore IPO GMP today is ₹108 per share.
What is the Vilas Transcore kostak rate today?
Vilas Transcore kostak rate today is ₹ NA per application.
What is Vilas Transcore Subject to the Sauda rate today?
Vilas Transcore is Subject to the Sauda rate today is ₹ 82,000 per application.
Final thoughts
Vilas Transcore IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
