Vilas Transcore Limited (NSE SME)
May 27, 2024 - May 29, 2024
| Price | ₹139 - ₹147 |
| Premium | ₹97 |
|---|---|
| Lot size | 1000 |
| Allotment | May 30, 2024 |
| Listing | Jun 3, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 147000 | 2154 |
| HNI | 2 | 2000 | 294000 | 924 |
Last updated on 29-May-2024 17:02:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1231000 | 141122000 | 114.64 |
| NIB | 924000 | 415398000 | 449.56 |
| RETAIL | 2154000 | 326166000 | 151.42 |
| Total | 4309000 | 882686000 | 204.85 |
| Retail Apps | 326166 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹88.72 | @8% ₹101.39 | @9% ₹114.07 | @10% ₹126.74 | @11% ₹139.41 | @12% ₹152.09 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| India-Ahead Venture Fund | 396000 | 21.46% | 5.82 |
| Meru Investment Fund PCC-Cell 1 | 375000 | 20.33% | 5.51 |
| AG Dynamic Funds Limited | 307000 | 16.64% | 4.51 |
| Finavenue Capital Trust-Finavenue Growth Fund | 205000 | 11.11% | 3.01 |
| Shubkam Ventures (India) Private Limited | 205000 | 11.11% | 3.01 |
| Aryabhata Global Assets Funds ICAV Aryabhata India Fund | 150000 | 8.13% | 2.21 |
| Rajasthan Global Securities Private Limited | 69000 | 3.74% | 1.01 |
| Religo Commodities Venture Trust- Religo Commodities Venture Fund | 69000 | 3.74% | 1.01 |
| SB Opportunities Fund I | 69000 | 3.74% | 1.01 |
| Total | 1845000 | 100.00% | 27.12 |
Vilas Transcore IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.24% | 2154000 |
| NII (HNI) | 14.26% | 924000 |
| Anchor | 28.47% | 1845000 |
| QIB | 19.00% | 1231000 |
| Market Maker | 5.03% | 326000 |
| Total | 100.00% | 6480000 |
Vilas Transcore IPO Details
| 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 pre issue | 18,000,000 |
| Share holding post issue | 24,480,000 |
| Market Maker portion | 326,000 shares Hem Finlease |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 13.03% | 18.33% | 19.63% |
| ROCE | 16.10% | 22.64% | 24.74% |
| RONW | 12.24% | 16.79% | 17.87% |
| EPS (basic & Diluted) | 9.33 | 11.24 | 9.95 |
| P/E Pre IPO | 13.12 |
Company Financials
Vilas Transcore Limited Financial Information (Restated)
Vilas Transcore Limited's revenue increased by 21.09% and profit after tax (PAT) rose by 12.54% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | 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 | 1679.49 | 2,022.43 | 1,791.49 | 523.42 |
| Net Worth | 13,725.33 | 12,045.84 | 10,023.41 | 8,231.92 |
| Reserves | 13,531.38 | 13,404.08 | 11,451.23 | 9,729.31 |
| Borrowing | 499.95 | 489.62 | 346.72 | 757.83 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in 2006, Vilas Transcore Limited is a prominent manufacturer and supplier of power distribution and transmission components, catering primarily to transformer and other power equipment manufacturers both in India and internationally. Specializing in the production of various electrical lamination products, including CRGO laminated cores, CRGO cores, and slit coils, the company plays a crucial role in the power and distribution transformer industry. Vilas Transcore Limited operates two state-of-the-art manufacturing units: one in Ramangamdi, Baroda (Gujarat), spanning 2200 square meters, and another near Galaxy Hotel, Village Por, in Vadodara, Gujarat, covering 11000 square meters. Both facilities adhere to stringent industry standards and customer specifications, leveraging the latest technology to ensure high-quality and precise products. The company's commitment to quality is underscored by its ISO 9001:2015 certification for quality management systems. Furthermore, Vilas Transcore Limited is approved for supplying toroidal cores for current transformers (CT) up to 400 KV class for Power Grid projects. As of July 31, 2023, the company employs approximately 250 staff across various organizational levels.
Strength Factors
Industry Experience: With a long-standing presence in the transformer component and power equipment sector since 2006, Vilas Transcore Limited has extensive expertise and a solid reputation in the industry.
Robust Manufacturing: The company boasts strong manufacturing capabilities, utilizing advanced technology and maintaining high standards, as evidenced by its ISO 9001:2015 certification and multiple large-scale production facilities.
Customer Relationships: Established, longstanding relationships with key customers ensure a stable demand for products and foster customer loyalty, contributing to sustained business growth.
Risk Factors
Customer Dependence: Reliance on key customers means that the loss of any major client or a significant reduction in sales to them could severely impact the company's business, operations, and financial health.
Third-Party Reliance: Dependence on third-party service providers for supply, transportation, and timely delivery of products introduces risks of delays and disruptions, potentially affecting customer satisfaction and operational efficiency.
Audit Concerns: The inclusion of emphasis of matter by statutory auditors in recent financial statements highlights potential financial or operational issues that could pose risks to the company's stability and investor confidence.
Vilas Transcore IPO Lead Manager(s)
- Hem Securities Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html