Vilas Transcore Limited

27 May 2024 - 29 May 2024 Individual Category SME NSE

Min Investment

₹147000

Price Band

₹139-₹147

Issue Size

46.35 lakhs
Equity Shares

Lot Size

1000

IPO Dates
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27 May 2024

Open Date

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29 May 2024

Close Date

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30 May 2024

Allotment Date

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03 Jul 2024

Listing Date

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. 

Founded

2006

Managing Director

Nilesh Patel Jitubhai

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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