Vilas Transcore IPO opens for subscription: Check price band, key dates and more

Vilas Transcore IPO: The NSE SME initial public offering (IPO) of power distribution and transmission components maker Vilas Transcore opened for subscription on May 27. The issue, which will close on May 29, has set a price band of ₹139-₹147 crore per equity share.

The ₹95.26 crore IPO is a fresh issuance of more than 64 lakh equity shares without an offer-for-sale (OFS) component. The face value of the equity shares is ₹10.

Retail investors can bid for a minimum of one lot, i.e. 1000 shares, valued at ₹1.47 lakh at the upper price band. At least 35% of the issue, consisting of 21,54,000 shares, is reserved for retail investors.

The funds raised from the issue will be used for strategic investments and acquisitions, capital expenditures, and general corporate purposes.

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Vilas Transcore IPO: Key details

• Vilas Transcore IPO bidding dates: May 27 to May 29
• Allotment finalisation: May 30
• Refund initiation: May 31
• Transfer of shares to demat account: May 31
• Listing on NSE Emerge: June 3

About Vilas Transcore

Incorporated in 2006, Vilas Transcore manufactures and supplies components and parts used in the power distribution and transmission sector in India and abroad.

The Gujarat-based company produces electrical lamination cold rolled grain oriented (CRGO) lamination core, CRGO stacked (assembled cores), CRGO slit coils, CRGO Toroidal core and CRGO wound core that are used in distribution transformers, power transformers and dry type transformers, high voltage(HV), medium voltage (MV) and low voltage (LV) current transformers.

In the financial year 2022-23, the company reported a net profit of ₹20.2 crore, up 12.9% from ₹17.9 crore in the year ago period. Revenue from operations also increased 21.3% to ₹282.6 crore.

Vilas Transcore's earnings before interest, tax, depreciation, and amortisation (EBITDA) for FY23 rose 9.7% to ₹29.3 crore.

For the nine-month period ended December 2023, the company reported a profit of ₹16.8 crore and a revenue of ₹235.7 crore.

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