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Vilas Transcore Limited IPO
Vilas Transcore Limited was originally incorporated as 'Bravil Powercore Private Limited' on November 28, 2006, with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Further, the name of the Company was changed from 'Bravil Powercore Private Limited' to 'Vilas Transcore Private Limited' vide a fresh certificate of incorporation dated March 15, 2007. Further, the Company was converted into a Public Limited Company and the name of the Company was changed from 'Vilas Transcore Private Limited' to 'Vilas Transcore Limited' vide a fresh certificate of incorporation dated April 09, 2011. Vilas Transcore are majorly catering to the power distribution and power engineering industry and the Company is presently engaged in the manufacturing and supply of components used in the power distribution and transmission sector, primarily to transformer and other power types of equipment manufacturers in India and abroad.
Vilas Transcore IPO is a book-built issue of Rs 95.26 crores. The issue is entirely a fresh issue of 64.8 lakh shares. Vilas Transcore IPO opens for subscription on May 27, 2024 and closes on May 29, 2024. The allotment for the Vilas Transcore IPO is expected to be finalized on Thursday, May 30, 2024. Vilas Transcore IPO will be listed on NSE SME with a tentative listing date fixed as Monday, June 3, 2024. Vilas Transcore IPO price band is set at ₹139 to ₹147 per share. The minimum lot size for an application is 1000 Shares. Hem Securities Limited is the book-running lead manager of the Vilas Transcore IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Vilas Transcore IPO Overview
| Detail | Description |
|---|---|
| IPO Date | May 27, 2024 to May 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹139 to ₹147 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,480,000 shares (aggregating up to ₹95.26 Cr) |
| Fresh Issue | 6,480,000 shares (aggregating up to ₹95.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,480,000 |
| Market Maker portion | 326,000 shares |
Vilas Transcore IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, May 27, 2024 |
| IPO Close Date | Wednesday, May 29, 2024 |
| Basis of Allotment | Thursday, May 30, 2024 |
| Initiation of Refunds | Friday, May 31, 2024 |
| Credit of Shares to Demat | Friday, May 31, 2024 |
| Listing Date | Monday, June 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 29, 2024 |
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 IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Vilas Transcore IPO Promoter Holding
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue |
Company & Financials
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.
Vilas Transcore Limited Financial Information
| Period Ended | 31 July 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 21,577.65 | 1,438.18 | 17,265.64 | 14,266.28 | ||||||||||||||||||||||||||||||||||||
| Revenue | 10,519.27 | 28,478.14 | 23,518.05 | 13,485.41 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 728.74 | 2,016.23 | 1,791.49 | 523.42 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 12,768.38 | 12,039.64 | 10,023.41 | 8,231.92 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 14,103.43 | 13,397.88 | 11,451.23 | 9,729.31 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 4.74 | 489.62 | 346.72 | 757.83 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.2 | 8.93 |
| P/E (x) | 13.12 | 16.46 |
Objectives of Vilas Transcore IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:-
- 1. Funding for strategic investment and acquisitions.
- 2. Funding Capital Expenditure towards the construction of factory building.
- 3. Funding capital expenditure towards acquiring and installing additional plants and machinery.
- 4. General Corporate Purpose.
- 5. To meet issue expenses.
Vilas Transcore IPO Review
The company is engaged in the manufacturing of components needed for power distribution and transmission sector. For the reported periods it marked growth in its top and bottom lines, but posted pressure on net margins. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards.
FAQs for Vilas Transcore IPO
-
What is the issue size of Vilas Transcore Ltd IPO?
Vilas Transcore Ltd IPO, which opens for subscription from 27-May-2024 to 29-May-2024 has an issue size of ₹90.07 - 95.26 crore. The issue type is a book-building issue.
-
What are the open and close dates for Vilas Transcore Ltd IPO?
Vilas Transcore Ltd IPO Opens for subscription from 27-May-2024 to 29-May-2024.
-
What is the lot size and minimum order quantity of the Vilas Transcore Ltd IPO?
The lot size of Vilas Transcore Ltd is 1000 shares. Retail investors can subscribe to a minimum of 1 lot and a maximum of 1 lot. The minimum and maximum application values are ₹147000 and ₹147000 respectively.
-
What are the allotment dates for the Vilas Transcore Ltd IPO?
The allotment date for Vilas Transcore Ltd is 30 May 2024 and the refund of the application amount (in case of allotment is not received) will begin from 31 May 2024. If your allotment goes through, then shares will be credited to your Demat account by 31 May 2024.
-
Where is the Vilas Transcore Ltd IPO getting listed?
The shares of Vilas Transcore Ltd are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
DRHP:
DRHP of Vilas Transcore Limited IPO
-
What is the issue size of Vilas Transcore Ltd IPO?
Vilas Transcore Ltd IPO, which opens for subscription from 27-May-2024 to 29-May-2024 has an issue size of ₹90.07 - 95.26 crore. The issue type is a book-building issue.
-
What are the open and close dates for Vilas Transcore Ltd IPO?
Vilas Transcore Ltd IPO Opens for subscription from 27-May-2024 to 29-May-2024.
-
What is the lot size and minimum order quantity of the Vilas Transcore Ltd IPO?
The lot size of Vilas Transcore Ltd is 1000 shares. Retail investors can subscribe to a minimum of 1 lot and a maximum of 1 lot. The minimum and maximum application values are ₹147000 and ₹147000 respectively.
-
What are the allotment dates for the Vilas Transcore Ltd IPO?
The allotment date for Vilas Transcore Ltd is 30 May 2024 and the refund of the application amount (in case of allotment is not received) will begin from 31 May 2024. If your allotment goes through, then shares will be credited to your Demat account by 31 May 2024.
-
Where is the Vilas Transcore Ltd IPO getting listed?
The shares of Vilas Transcore Ltd are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
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