Vilas Transcore IPO, check for key dates, financials, issue size, and more
About Vilas Transcore Ltd
Vilas was founded in 1996 under the leadership of Mr. Nilesh Patel and is part of the NJ Group. The company has achieved great success in the current market. For more than 17 years, they have been involved in the business of transformer lamination, toroidal cores, and c.r.g.o. slitted coils. Through their reliable products and services, skilled people, responsible business practices, and cooperation with suppliers and customers, they are leading the world in innovative new directions. They hold their products, people, and business practices to the highest standards so that they can make a positive contribution to the world.
Vilas Transcore Ltd Initial Public Offering (IPO)
The price band of the Vilas Transcore Ltd Initial Public Offering (IPO) has been set at Rs 139-147 per share (₹10).
Vilas Transcore Ltd Initial Public Offering (IPO) Key dates
Vilas Transcore Initial Public Offering (IPO) will open on Monday, 27 May 2024, and will close on Wednesday, 29 May 2024, and the allotment will be completed on Thursday, 30, 2024. The proposed listing date of Vilas Transcore IPO is Monday, 3rd June 2024 on the National Stock Exchange of India (NSE).
Objectives of the Issue
VILAS TRANSCORE Ltd, a Vadodara-based company that was established in 2006, plans to use the proceeds of the IPO to fund strategic acquisitions and investments in the company. The company’s factory building can be financed by ₹20,09 crore, while the remaining ₹45,20,000,000 can be used to finance capital expenses, purchase and install new equipment, meet the expenses of the IPO, and for general corporate purposes. The total amount of the IPO is ₹5,000,000.
Vilas Transcore Ltd Initial Public Offering (IPO) Issue Size
Vilas Transcore is an Initial Public Offering (IPO) with a book-built size of Rs. 95.26 crore. This is an entirely new equity share issue of Rs. 64.8 lakh. There is no “NO OFFER for Sale” from promoters and promoter groups.
Applicants have to apply for a minimum number of 1000 shares, which is a lot size. The upper end of price band is set at Rs.147 a share. Retail investors will have to invest at least Rs.147,000, and at least 35% of this issue will be reserved for retail participants. On the other hand, the HNI will have to invest a minimum of Rs. 294,000 in two lots of 2,000 each.
Financials
Vilas Transcore Limited reported a profit for the financial year 2022/23 at ₹20.22 crores, as compared to ₹17.91 crores for the previous financial year, which was a year-on-year (YoY) growth of 12.90%, and revenue from operations increased by 21.27%, reaching ₹282.60 crores compared to the previous year’s revenue of ₹233.03 crores, driven by an increase in domestic income and job work charges. The company’s nine-monthly revenue from operations was ₹235.74 crores, while its profit after tax was ₹16.79 crores.
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