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Vilas Transcore Limited

SME

Issue Price

₹139- ₹147

per equity share

Issue Size

46.35 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

1000

equity share

Please note

Listing at NSE

Vilas Transcore Limited

Important Dates

IPO Open Date

27 May 2024

IPO Close Date

29 May 2024

Allotment Date

30 May 2024

Initiation of Refunds

31 May 2024

Credit of Shares to Demat Account

31 May 2024

IPO Listing Date

03 Jul 2024

UPI Mandate Expiry Date

29 May 2024

IPO Details

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. 

Parent Organisation

-

Founded

2006

Managing Director

Nilesh Patel Jitubhai

IPO Objectives

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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