When will the bid issue of Vilas Transcore Limited IPO open and close?
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The bids for Vilas Transcore Limited IPO are scheduled to open on May 27, 2024, and will close on May 29, 2024.
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Vilas Transcore Limited, an emerging company in the power sector, is gearing up for an SME IPO. Starting on May 27, 2024, you will have an opportunity to invest in a company specialising in manufacturing and supplying crucial components for power distribution and transmission. The bidding for its issue will close on May 29, 2024.
Priced between Rs. 139 and Rs. 147 per share with a minimum investment of 1,000 shares, this IPO offering aims to raise Rs. 95.26 crores through the issuance of fresh shares. For more insights into the upcoming IPO, continue reading this blog.
Here is a brief overview of Vilas Transcore Limited IPO.
IPO Launch Date | May 27, 2024, to May 29, 2024 |
Issue Type | Book Built IPO |
Listed at | NSE Emerge |
Price Band | Rs. 139 to Rs. 147 per share |
Face value | Rs. 10 per share |
Minimum Lot Size | 1,000 shares (Retail Investors) |
Fresh Issue Size | 64,80,000 shares |
OFS Size | NIL |
Total Issue Size | Rs. 95.26 crore |
Shareholding Pre-Issue | 1,80,00,000 |
Shareholding Post-Issue | 2,44,80,000 |
Established in 2006, Vilas Transcore Limited specialises in manufacturing and supplying various components essential to the power distribution and transmission sector, selling transformer and other power equipment manufacturers in India and abroad. Its product range includes various electrical lamination cold-rolled grain-oriented (CRGO) lamination cores, CRGO slit coils, toroidal cores, wound cores and assembled cores.
Operating 2 manufacturing facilities near Vadodara, Gujarat, the company boasts a combined installed manufacturing capacity of 12,000 MT. Its manufacturing facilities adhere to ISO quality management system standards.
Over the years, Vilas Transcore Limited has cultivated long-standing relationships with several renowned Indian and global transformer manufacturers. Its customer base is well-diversified across the transformer and power equipment manufacturing sectors. Major customers include prominent companies such as Voltamp Transformers Limited, Electrotherm India Limited, Atlas Transformers India Limited and Shilchar Technologies Limited.
Additional Read: How to Invest in an IPO Online
Here is the tentative timeline and some key dates associated with the launch of Vilas Transcore Limited IPO.
Open Date | Monday, May 27, 2024 |
Close Date | Wednesday, May 29, 2024 |
Cut-off Time for UPI Mandate Confirmation | 5 PM on May 29, 2024 |
Basis of Allotment Date | Thursday, May 30, 2024 |
Initiation of Refunds Date | Friday, May 31, 2024 |
Date of Credit of Shares to Demat | Friday, May 31, 2024 |
Listing Date | Monday, June 3, 2024 |
Investors can place bids starting at a minimum of 1,000 shares, with additional bids in multiples thereof. The table below details the minimum and maximum investments for retail investors and HNIs, both in terms of shares and total investment amount.
Application | Lots | Shares | Amount |
Retail (Minimum) | 1 | 1,000 | Rs. 1,47,000 |
Retail (Maximum) | 1 | 2,000 | Rs. 1,47,000 |
HNI (Minimum) | 2 | 4,000 | Rs. 2,94,000 |
Let us have a look at the company’s financials before applying for the IPO.
Particulars | For the Financial Year Ending (In Rs. Lakhs) | ||
March 31, 2024 | March 31, 2023 | March 31, 2022 | |
Total Assets | 18,879.83 | 17,265.64 | 14,266.28 |
Total Liabilities | 5,181.95 | 5,514.41 | 4,236.97 |
Total Expenses | 25,756.7 | 21,112.85 | 12,781.28 |
Total Revenue | 28,478.14 | 23,518.05 | 13,485.41 |
Profit/Loss After Tax | 2,016.23 | 1,791.49 | 523.42 |
EBITDA | 2,851.31 | 2,546.85 | 798.95 |
EPS (Basic and Diluted) | 11.20 | 9.95 | 2.91 |
Assessing the key strengths of a company before investing in its IPO is crucial. Not only does it aid in making informed investment decisions, but it also provides insights into the company's potential.
Take a look at the strengths of Vilas Transcore Limited below:
Besides strengths, it is crucial to understand the risk factors that could potentially impact a business's profitability before making an investment decision. Here are the notable risks involved with Vilas Transcore Limited:
Before investing in the upcoming Vilas Transcore Limited IPO, it is crucial to carefully review its RHP. This document will enable you to analyse whether the company's plans with its net proceeds align with your investment objectives. Following this, you can start devising your investment strategy accordingly.
Keep an eye on our website in order to learn how to invest in the Vilas Transcore Limited IPO, set to launch on May 27, 2024. Moreover, you can open a demat and trading account with us to kickstart your investment journey.
Additional Read: Difference Between NFO and IPO
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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The bids for Vilas Transcore Limited IPO are scheduled to open on May 27, 2024, and will close on May 29, 2024.
No, Vilas Transcore Limited does not have any subsidiary company as defined under Section 2(6) of the Companies Act 2013.
Vilas Transcore Limited IPO falls under the SME IPO category and comprises a fresh issue of 64.8 lakh shares.
Hem Securities Limited is the sole book-running lead manager of the Vilas Transcore IPO.
Bigshare Services Private Limited is the registrar of Vilas Transcore Limited IPO.
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