Vilas Transcore was incorporated in 2006. The company is engaged in the manufacturing and supply of components used in the power distribution and transmission sector, primarily to transformer and other power equipments manufacturer in India and abroad. It manufactures and supplies a different range of electrical lamination cold rolled grain oriented (CRGO) lamination core, CRGO slit coils, CRGO stacked, CRGO wound core and CRGO toroidal core which are mainly used in power transformer, distribution transformer & dry type transformers, high voltage / medium voltage & low voltage current transformers
| Bidding Dates |
|---|
| 27 May 2024 - 29 May 2024 |
| Subscription |
|---|
| 195.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,39,000 | 1 | 1 | 1000 | 6.5 M | ₹139 - ₹147 | 73.17 % | ₹900.7 M - ₹952.6 M | RHP DOC |
Vilas Transcore IPO SUBSCRIPTION STATUS
29 May '24Vilas Transcore IPO overall subscription rate was 195.26 times the total available shares
Vilas Transcore IPO retail subscription rate was 214.02 times in the retail segment
Vilas Transcore IPO non-institutional investor subscription rate was 599.36 times in the non-institutional investor category
Vilas Transcore IPO Qualified Institutional Bidder subscription rate was 60.89 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 May 2024 (Day 3) | 214.02x | 599.36x | 60.89x |
28 May 2024 (Day 2) | 52.21x | 37.92x | 3.21x |
27 May 2024 (Day 1) | 13.82x | 7.66x | 2.03x |
Vilas Transcore FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 167.9 | 2357.5 | 383.9 | 372.0 | 9.3% |
| FY23 | 202.2 | 2,826.1 | 131.9 | 130.1 | 10.1% |
| FY22 | 179.1 | 2,330.3 | 129.1 | 109.3 | 10.9% |
| FY21 | 52.3 | 1,326.5 | 197.6 | 193.7 | 6.0% |
Vilas Transcore IPO SUBSCRIPTION STATUS DETAILS
Vilas Transcore had 6.5 M shares on offer
Vilas Transcore IPO offer price was in the range ₹139 - ₹147
Vilas Transcore IPO minimum Investment was ₹139000
Vilas Transcore IPO issue size was ₹ 900.7 M - ₹ 952.6 M
Vilas Transcore had a minimum lot size of 1000 Shares per application
Vilas Transcore NUMBER OF SHARES ON OFFER
Vilas Transcore IPO IMPORTANT DATES
| Issue Open Date | 27 May 2024 |
| Issue close Date | 29 May 2024 |
| Allotment Date | 30 May 2024 |
| Refund Date | 31 May 2024 |
| Demat Account Credit Date | 31 May 2024 |
| Listing Date | 03 Jun 2024 |
| Listing on Exchange(s) | NSE |
| Vilas Transcore Allotment Status | Exchange |
Vilas Transcore IPO subscription opened on 27 May 2024, and closed on 29 May 2024
IPO allotment for Vilas Transcore was finalized on Thursday, 30 May 2024
IPO listing for Vilas Transcore was on NSE on Monday, 03 Jun 2024
Vilas Transcore IPO LISTING GAINS
| Issue Price (adjusted) | 147.0 |
| Listing Open Price | 215.0 |
| Listing Close Price | 225.8 |
| Listing Gain% | 46.3% |
| Current Gain% | 141.6% |
Vilas Transcore Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vilas Transcore Ltd. | 355.1 | 869.3 | 22 | 1.4 | 1.9 | 12 | 9.7 | 467.3 | 29.1 | 39.6 | 15.8 | 16.2 | 15.8 |
| ABB India Ltd. | 7611.5 | 161294.1 | 54 | 11.9 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 35000 | 156003.4 | 135.6 | 1.1 | 17 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Siemens Ltd. | 4011 | 142839.9 | 43.6 | 1.3 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 92 | 33.7 |
| Bharat Heavy Electricals Ltd. | 403 | 140327.2 | 57.7 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| CG Power and Industrial Solutions Ltd. | 881 | 138797.2 | 111 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
Vilas Transcore INFORMATION ON IPO ISSUE
About Vilas Transcore
Vilas Transcore was incorporated in 2006. The company is engaged in the manufacturing and supply of components used in the power distribution and transmission sector, primarily to transformer and other power equipments manufacturer in India and abroad. It manufactures and supplies a different range of electrical lamination cold rolled grain oriented (CRGO) lamination core, CRGO slit coils, CRGO stacked, CRGO wound core and CRGO toroidal core which are mainly used in power transformer, distribution transformer & dry type transformers, high voltage / medium voltage & low voltage current transformers
Object of the Issue
- Funding for strategic investment and acquisitions
- Funding capital expenditure towards construction of factory building
- Funding capital expenditure towards acquisition and installation of additional plant and machinery
- General corporate purpose
- To meet issue expenses
Vilas Transcore - PROMOTERS
| Name |
|---|
| Nilesh Jitubhai Patel |
Vilas Transcore Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Vilas Transcore Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Vilas Transcore Strengths
Strong manufacturing capabilities
In FY23, the company's aggregate installed capacity across these manufacturing facilities was 12,000 metric tonnes per annum. Its manufacturing capabilities allow it to service customer requirements from these locations, providing customers with the benefit of regular supply and cost-competitive manufacturing operations
Customer relationships
The company has, over the years, established long-standing relationships with several Indian and global transformer manufacturers. It has increased the number of customers with whom it has over Rs 1 crore in annual sales from 3 to 6 between FY21 and FY23
Vilas Transcore Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company and its promoter, which are pending at different levels of adjudication before various courts, tribunals, and other authorities. Such proceedings could have an adverse effect on the business
Losses group company
The group company has incurred losses in the past, and any operating losses in the future could adversely affect the results of operations and financial condition of our group company
IPO FAQs
The promoter of the company is Nilesh Jitubhai Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 139.0 - 147.0.
The IPO application opens on May 27, 2024 and closes on May 29, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 139,000.0, the maximum value for this IPO is Rs 147,000.0.
This IPO will be allotted on May 30, 2024.
The refund will be credited to your account on May 31, 2024.
The allotted shares will be credited to your demat on May 31, 2024.
Vilas Transcore Ltd.’s shares listed on the stock exchanges on Jun 03, 2024.