Vilas Transcore IPO: Diving Into The Details of Upcoming Issue

Vilas Transcore IPO is open for subscription starting Monday, May 27, 2024, and closing on Wednesday, May 29, 2024. The price band of this upcoming IPO is decided at Rs 139 to Rs 147 per share. The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2000 shares. The minimum investment required for retail category investors is Rs 1,47,000 (147 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,94,000 (147 x 2000 shares). Vilas Transcore IPO is a book-built issue of Rs 95.26 crores. This upcoming IPO is an entirely fresh issue of 64.8 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, May 30, 2024. Vilas Transcore IPO will be listed on NSE SME, and the listing date is fixed on Monday, June 3, 2024. The book-running lead manager of Vilas Transcore IPO is Hem Securities Limited. The registrar for this IPO is Bigshare Services Private Limited.

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About Vilas Transcore Limited

Vilas Transcore Limited, incorporated in 2006, manufactures and supplies power distribution and transmission components primarily to the transformer and other power equipment manufacturers in India and abroad. Vilas Transcore produces and supplies various electrical lamination products, including CRGO cores and coils used in power distribution transformers and other current transformers. The company’s manufacturing process meets the industry standards and customer specifications using the latest technology to ensure quality and precision for application in the power equipment industry. The product line of Vilas Transcore includes CRGO laminated core, CRGO core and slit coils. These are the essential components of various types of power transformers, distribution transformers and other electric transformers. Vilas Transcore had two manufacturing units – one is situated in Ramangamdi, Baroda, Gujarat, covering an area of 2200 sq ft, and the second is situated in Vadodara, Gujarat, covering 11,000 sq ft. Vilas had been approved to source toroidal cores for the current transformers up to 400 KV class for the Power Grid Projects. 

Objectives of Vilas Transcore IPO

The fund will be used for strategic investment and acquisition, funding the capital expenditure toward the construction of the factory building. Also to fund the capital expenditure toward acquiring and installing additional plants and machinery. Additionally, to meet issue expenses and fulfilling general corporate purposes.

Financials of Vilas Transcore Limited (Amt in Rs Lakhs)

Vilas Transcore posted a revenue of 18,879.33 lakhs and net profit of Rs 728.74 lakhs for the year ending on 31 March 2023. The company’s revenue increased by 21.09% and profit after tax increased by 12.54% between the FY ending with 31 March 2023 and 31 March 2022. 

Other Important Details of Vilas Transcore IPO

Time-Table of Vilas Transcore IPO

Lot Size of Vilas Transcore IPO

IPO Reservation of Vilas Transcore Limited

EPS and P/E Ratio Post IPO

Promoters of Vilas Transcore Limited and Their Holdings

The promoters of Vilas Transcore company are Nilesh Jitubhai Patel and Natasha Jitubhai Patel.

Lead Manager(s) of Vilas Transcore IPO

The lead manager for Vilas Transcore IPO is Hem Securities Limited.

How do you apply for the Vilas Transcore IPO?

Wait for the public issue to open for subscription, then click here to apply for the Vilas Transcore Limited IPO with Bigul.

How do you check the allotment status of Vilas Transcore IPO?

The registrar for Vilas Transcore IPO is Bigshare Services Private Limited. To check your allotment status, please click here.

FAQs

1. What are the details of Vilas Transcore IPO?

Vilas Transcore IPO is a book-built issue of Rs 95.26 crores. This upcoming IPO is an entirely fresh issue of 64.8 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, May 30, 2024. 

2. Who are the lead managers for the Vilas Transcore Limited IPO?

Hem Securities Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Vilas Transcore Limited, handling the IPO's administrative aspects.

4. How can I apply for the Vilas Transcore IPO?

The public subscription of this new IPO will open on June 3, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The fund will be used for strategic investment and acquisition, funding the capital expenditure toward the construction of the factory building. Also to fund the capital expenditure toward acquiring and installing additional plants and machinery. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Vilas Transcore Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Vilas Transcore Limited?
   

Vilas Transcore posted a revenue of 18,879.33 lakhs and net profit of Rs 728.74 lakhs for the year ending on 31 March 2023. The company’s revenue increased by 21.09% and profit after tax increased by 12.54% between the FY ending with 31 March 2023 and 31 March 2022. 

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