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.
IPO Size: 6,480,000 shares (95.26 Cr) Fresh Issue: 6,480,000 shares (95.26 Cr) Subscription Dates: May 27, 2024 to May 29, 2024 Expected Allotment: Thursday, May 30, 2024 Listing Date (Tentative): June 3, 2024 Price Band: ₹139 to ₹147 per share Retail Investors: ₹.147,000 (1000 shares) Small HNI : ₹.294,000(2 lots, 2000 shares) Big HNI : ₹.1,029,000(7 lots, 7000 shares)
| IPO Date | May 27, 2024 to May 29, 2024 |
| Listing Date | June 3, 2024 |
| Face Value | ₹10 per share per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,480,000 shares (aggregating up to ₹95.26 Cr) |
| Fresh Issue | 6,480,000 (aggregating up to ₹95.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,480,000 |
| Market Maker Portion | 326,000 Shares |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,844,856 (28.47%) |
| QIB Shares Offered | 1,231,200 (19%) |
| NII (HNI) Shares Offered | 924,048 (14.26%) |
| Retail Shares Offered | 2,153,952 (33.24%) |
| Total Shares Offered | 6,480,000 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Anchor Investors | 1,844,856 | |||
| Qualified Institutions | 1,231,200 | 6,608,000 | 97.14 | 5.37 |
| Non-Institutional Buyers | 924,048 | 11,599,000 | 170.51 | 12.55 |
| Retail Investors | 2,153,952 | 48,427,000 | 711.88 | 22.48 |
| Total | 5,230,008 | 66,634,000 | 979.52 | 12.74 |
Vilas Transcore Limited IPO raises ₹ 27.12 crore from anchor investors. Vilas Transcore Limited IPO Anchor bid date is May 24, 2024. Vilas Transcore Limited IPO Anchor Investors list
| Bid Date | May 24, 2024 |
| Shares Offered | 1845000 |
| Anchor Portion Size (In Cr.) | 27.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 28, 2024 |
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 29-05-2024 | ₹147 | ₹115 | ₹262 (78.23%) | 29-05-2024 11:05 |
| 28-05-2024 | ₹147 | ₹115 | ₹262 (78.23%) | 28-05-2024 12:05 |
| 27-05-2024 | ₹147 | ₹87 | ₹234 (59.18%) | 27-05-2024 10:05 |
| 26-05-2024 | ₹147 | ₹80 | ₹227 (54.42%) | 26-05-2024 12:05 |
| 25-05-2024 | ₹147 | ₹40 | ₹187 (27.21%) | 25-05-2024 12:05 |
| 24-05-2024 | ₹147 | ₹85 | ₹232 (57.82%) | 24-05-2024 12:05 |
| 23-05-2024 | ₹147 | ₹80 | ₹227 (54.42%) | 23-05-2024 12:05 |
| 22-05-2024 | ₹147 | ₹70 | ₹217 (47.62%) | 22-05-2024 12:05 |
| 21-05-2024 | ₹147 | ₹50 | ₹197 (34.01%) | 21-05-2024 12:05 |
Vilas Transcore Limited 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 | 05:00 pm, May 29, 2024 |
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 | 2000 | ₹ 294,000 |
The promoters of the company are Nilesh Jitubhai Patel and Natasha Jitubhai Patel.
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue | 73.01% |
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.
The company intends to utilize the proceeds of the Issue to meet the following objectives:-
Vilas Transcore Limited
Plot No 435 To 437, Nr Galaxy Hotel, N H
No 8, Village Por,
Vadodara- 391243
Phone: +91- 9328026768
Email: accounts@vilastranscore.com
Website: https://vilastranscore.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
| Listing Date | June 3, 2024 |
| Final Issue Price | ₹ 147 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 147 | ₹ 147 |
Vilas Transcore Limited IPO is a main-board FPO of 6,480,000 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 95.26 Crores. The issue is priced at ₹139 to ₹147 per share. The minimum order quantity is 1000 Shares.
The Vilas Transcore Limited IPO opens on May 27, 2024 and closes on May 29, 2024.
Retail Investors: ₹.147,000 (1000 shares) Small HNI : ₹.294,000(2 lots, 2000 shares) Big HNI : ₹.1,029,000(7 lots, 7000 shares)
The finalization of Basis of Allotment for Vilas Transcore Limited IPO will be done on Thursday, May 30, 2024, and the allotted shares will be credited to your demat account by Friday, May 31, 2024. Check the Vilas Transcore Limited IPO allotment status.