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 list on NSE SME with 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. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000.
Vilas Transcore IPO Details
| 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 per issue | 18,000,000 |
| Share holding post issue | 24,480,000 |
| Marker Maker portion | 326,000 shares |
Vilas Transcore IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares offered | Net less than 35% of the Net Issue |
| NII (HNI) Shares offered | Net less than 15% of the Net Issue |
Vilas Transcore IPO Timeline (Tentative Schedule)
Vilas Transcore IPO opens on May 27, 2024, and closes on May 29, 2024.
| 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
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Promoter Holding
| Share Holding per Issue | 99.97% |
| Share Holding post Issue | 73.01% |
About Vilas Transcore Limited
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.
As of July 31, 2023, the company has employed approximately 250 staff at various organizational levels
Vilas Transcore Limited Financial Information (Restated)
21.09% and profit after tax (PAT) rose by 12.89% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Des 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 20,820,50 | 18,879.83 | 17,265.64 | 14,266.28 |
| Revenue | 23,829.57 | 28,478.14 | 23,518.05 | 13,485.41 |
| Profit After Tax | 1,679.49 | 2,022.43 | 1,791.49 | 523.42 |
| Net Worth | 13,725.33 | 12,045.84 | 10.023.41 | 8,231.92 |
| Reserves and Surplus | 13,531.38 | 13,404.08 | 11,451.23 | 9,729.31 |
| Total Borrowing | 499.95 | 489.62 | 346.72 | 757.83 |
Key Performance Indicator
The market capitalization of Vilas Transcore IPO is Rs 359.86 Cr.
KPI as of May 31, 2024.
| KPI | Values |
| ROE | 13.03% |
| ROCE | 16.10% |
| Debt/Equity | 0.03 |
| RoNW | 12.24% |
| P/BV | 0 |
| PAT Margin (%) | 7.12 |
| Pre IPO | Post IPO | |
| EPS (RS) ? | 11.2 | 8.93 |
| P/E (X) ? | 13.12 | 16.46 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of July 31, 2023 that is available in RHP.
Objects of the Issue (Vilas Transcore IPO Objectives)
- Funding for strategic investment and acquisitions,
- Funding Capital Expenditure towards construction of factory building,
- Funding capital expenditure towards acquiring and installing additional plant and machinery,
- General Corporate Purpose,
- To meet issue expenses.
Vilas Transcore IPO Review (May apply)
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.
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