Vilas Transcore IPO booked more than 205 times on last day: Check subscription status, allotment and listing

Vilas Transcore IPO closed with a huge subscription of nearly 205 times on the third and last day of bidding on Wednesday, May 29.

The initial public offering of the heavy electrical equipment maker received bids for nearly 88.27 crore shares against 43.09 lakh shares on offer, leading to an overall subscription of 204.84 times, as per the NSE data.

The non-institutional investors booked the issue nearly 450 times with bids for 41.53 crore shares compared to 9.24 lakh shares reserved for the category. Retail investors applied for more than 32.61 crore equity shares against 21.54 lakh shares on offer for the category, translating to a subscription of 151 times.

The Qualified Institutional Buyers (QIBs) submitted bids for 14.11 crore shares compared to 12.31 lakh shares reserved for the segment. The category was subscribed more than 114 times.

Vilas Transcore IPO is a book-building issue of 64.8 lakh shares worth ₹95.26 crore. The public offer was open for subscription from May 27 to May 29.

The book running lead manager for the IPO is Hem Securities Ltd, the registrar for the issue is Bigshare Services Pvt Ltd and the market maker for the public issue is Hem Finlease.

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Vilas Transcore IPO price band and key dates

Vilas Transcore IPO price band was set at ₹139 to ₹147 per share.

After the successful subscription, the basis of allotment of shares will be decided by Thursday, May 30. Refunds will be initiated for the non-allottees on May 31 and shares will be credited to the Demat accounts of successful investors the same day. Vilas Transcore Ltd shares are expected to make their debut on the NSE SME platform on Monday, June 3.

Vilas Transcore IPO objective

Vilas Transcore was incorporated in 2006 and is a manufacturer of heavy electrical equipment.

The company manufactures and supplies power distribution and transmission components to domestic and international transformer and power equipment manufacturers.

The company plans to use the proceeds of the IPO for financing strategic investment and acquisitions and for fulfilling its capital expenditure for construction of a factory building. The proceeds of the IPO will be used for the acquisition and establishment of additional plants.

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