- Investment Products
- IPOs
- Vilas Transcore Ltd
Vilas Transcore Ltd
Prior to the incorporation of the Company, the Promoter Nilesh Jitubhai Patel was carrying on the business as a proprietorship concern under the name of 'M/s Vilas Transcore' since year 1996. Later, on April 23, 2007, the running business of the above proprietorship concern was taken-over by the Company, along with the assets and liabilities of the proprietorship concern.
Vilas Transcore are majorly catering to the power distribution and power engineering industry and the Company is presently engaged in the manufacturing and supply of components used in the power distribution and transmission sector, primarily to transformer and other power equipments manufacturer in India and abroad. We manufacture and supply a different range of electrical lamination cold rolled grain oriented (C.R.G.O.) lamination core, CRGO slit coils, CRGO stacked (assembled cores), CRGO wound core and CRGO Toroidal core which are mainly used in power transformer, distribution transformer & dry type transformers, high voltage / medium voltage & low voltage current transformers.
Currently, Company operate from two manufacturing facilities located at Por near Vadodara, Gujarat. The manufacturing unit 1 is located at Dist. Baroda, and unit 2 at Vadodara, both in Gujarat. Both these manufacturing facilities are equipped with the latest machineries such as slitting machines for X'mer lamination, batch annealing furnaces, roller hearth annealing furnaces, EOT cranes (2MT to 10 MT), power presses, power shearing machines, power hole punching machines, automatic core winding machines, treadle shears, weighing machines, deburring and grinding machines and CNC cut to length lines with auto stacking system and a Laboratory for testing the material, electricity losses etc. It has a combined installed manufacturing capacity of 12000 MT including the CRGO laminations, coils, assemble and cores.
The Company is proposing the Initial Public Fresh Issue of 64,80,000 Equity Shares.
Show more
Show less
Vilas Transcore Ltd IPO Timeline
Vilas Transcore Ltd IPO opens on 27-May-2024, and closes on 29-May-2024. The Vilas Transcore Ltd IPO bid date is from 27-May-2024 to 29-May-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Vilas Transcore Ltd IPO Opening Date | 27-May-2024 |
| Vilas Transcore Ltd IPO Closing Date | 29-May-2024 |
| Basis of Allotment | 30-May-2024 |
| Initiation of Refunds | 31-May-2024 |
| Credit of Shares to Demat | 31-May-2024 |
| Vilas Transcore Ltd IPO Listing Date | 03-Jun-2024 |
Vilas Transcore Ltd IPO Lot Size
Vilas Transcore Ltd IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or 147000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹147000 |
| Maximum | 1 | 1000 | ₹147000 |
Vilas Transcore Ltd IPO Details
| Vilas Transcore Ltd IPO Date | 27-May-2024 to 29-May-2024 |
| Vilas Transcore Ltd IPO Face Value | Shares of ₹10 per share |
| Vilas Transcore Ltd IPO Price | ₹139 to ₹147 per share |
| Vilas Transcore Ltd IPO Lot Size | 1000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹95.26 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹95.26 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Nilesh Jitubhai Patel. |
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 1 Funding for strategic investment and acquisitions
- 2 Funding capital expenditure towards construction of factory building
- 3 Funding capital expenditure towards acquisition and installaton plant and machinery
- 4 General corporate purposes
Company Financials
Vilas Transcore Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 188.80 | 284.78 | 20.22 |
| 03-2022 | 172.66 | 235.18 | 17.91 |
| 03-2021 | 142.66 | 134.85 | 5.23 |
| Amount in ₹ Crore | |||
- Long standing in manufacturing of transformer component and power equipment sector.
- Strong manufacturing capabilities.
- Longstanding relationships with customers.
- Skilled and experienced promoter and management team.
- Strong financial position with robust financial performance.
- The company's business is dependent on the sale of its products to certain key customers. The loss of any such customers or a significant reduction in the sales made to such customers, could materially adversely affect its business, results of operations and financial condition.
- Pricing pressure from customers may adversely affect its gross margin, profitability and ability to increase the company prices, which may in turn materially adversely affect its results of operations and financial condition.
- The company generally does not enter into any firm supply agreements with its customers. If the company's customers choose not to source their requirements from it, the compnay's business and results of operations may be materially adversely affected.
- The company is planning to expand its operations at survey no. 419, khata no. 466 Ganpatpura, taluka Karjan, Vadodara, Gujarat. Its may faces business or financial challenges which may adversely affect its profitability and results of operations.
- Economic cyclicality coupled with reduced demand in the power distribution sector, may materially adversely affect its business, results of operations and financial condition.
- Its failure to identify evolving industry trends and technologies and to develop new products to meet its customers' demands may materially adversely affect the company's business and results of operations.
- The company has not placed orders for the construction of the factory shed, office building and purchase of plant and machinery for which part of the funds are being raised through the Issue.
- A decline in the financial condition of its customers or suppliers could have a material adverse effect on its business and results of operations.
- The company is subject to strict quality requirements and any product defect issues or failure by it to comply with quality standards may lead to the cancellation of existing and future orders, recalls or warranty and liability claims.
- The company is dependent on third party service providers for smooth supply, transportation and timely delivery of its products to customers.
- The company failures to compete effectively in the highly competitive power distribution components industry may have a material adverse effect on its business and prospects.
- The company generally does not have any long-term supply contracts for the supply of raw materials. A loss of suppliers or interruptions in the delivery of raw materials or volatility in the prices of raw materials on which its relies may have a material adverse effect on the company's business and results of operations.
- Its Statutory Auditors have included certain emphasis of matter in their audit reports on the Financial Statements in recent fiscals.
- The company depends on its Promoters, senior management and skilled personnel, and if the company is unable to recruit and retain skilled personnel, its business and the company's ability to operate or grow its business may be adversely affected.
- Its estimates of production volumes may not correspond to the actual demand for the company products.
- The company requires certain licenses, permits and approvals in the ordinary course of business, and the failure to obtain or retain them in a timely manner may materially adversely affect its operations.
- There are outstanding legal proceedings involving the Company and its Promoter.
- The company has substantial capital expenditure and working capital requirements and may require additional financing to meet those requirements, which could have an adverse effect on its results of operations and financial condition.
- Its financing agreements contain covenants that limit the company flexibility in operating its business.
- The company is exposed to counterparty credit risk of its customers and any significant delay in receiving payments or non-receipt of payments may materially adversely impact its results of operations.
- Any infringement of its corporate logo or brand name or failure to get it registered may adversely affect its business. Further, any kind of negative publicity or misuse of its brand name and the company's logo could hamper its brand building efforts and its future growth strategy could be adversely affected.
- Its operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in its business.
- Its Group Company namely Pelton Power Technologies Private Limited & Nanocryst Transcore Private Limited are engaged in the similar line of business as of the Company. There are no non - compete agreements between the Company and such entities. The company cannot assure that its Promoters will not favour the interests of such entities over its interest or that the said entities will not expand which may increase its competition and may adversely affect business operations and financial condition of the Company.
- Its insurance policies provide limited coverage and may not adequately insure the company against certain operating hazards which may have an adverse effect on its business.
- The company depends on skilled personnel and if the company is unable to recruit and retain skilled personnel, its ability to operates or grow its business could be affected.
- The company has not received NOC from its lender for undertaking the initial public offer of equity shares.
- Misconduct or errors by manpower engaged by it could expose the company to business risks or losses that could affect its business prospects, results of operations and financial condition.
- Its Group Company have incurred losses in past and any operating losses in the future could adversely affect the results of operations and financial conditions of its group company.
- A shortage or non-availability of electricity or power may adversely affect its manufacturing operations and have an adverse effect on its business, results of operations and financial condition.
- Non-compliance with and changes in, safety, health and environmental laws and other applicable regulations, may adversely affect its business, results of operations and financial condition.
- The company does not make any provisions for decline in the value of investments made by the Company. Any continuous decline in the value of investments made by the company may impact its financial results and condition.
- The company has had certain inaccuracy in relation to regulatory filings to be made with the RoC and the company has made noncompliances of certain provision under applicable law.
- If the company is unable to manage its growth effectively or if its estimates or assumptions used in developing the company strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, its business and prospects may be materially and adversely affected.
- Fluctuations in the exchange rate of foreign currencies could result in currency transactions losses.
- The average cost of acquisition of Equity Shares by its Promoters, could be lower than the price determined at time of filing the Draft Red Herring Prospectus.
- The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The company has certain contingent liabilities that have not been provided for in its financial statements, which, if they materialize, may adversely affect its financial condition.
- The Company has issued Equity Shares in the last 12 months at a price which may be lower than the Issue Price.
- The company has taken certain unsecured loans which can be recalled by the lenders at any time.
- Its ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.
- The company will continue to be controlled by its Promoters after the completion of the Issue.
- Its Promoter and Promoter Group members has provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations and cash flows may be adversely affected by the invocation of all or any personal guarantees provided by its Promoter and Promoter Group members.
- Any Penalty or demand raise by statutory authorities in future will affect its financial position of the Company.
- The company has not identified any alternate source of funding and hence any failure or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
- There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
- Any future issuance of Equity Shares, or convertible securities or other equity linked securities by it and any sale of Equity Shares by its significant shareholders may dilute your shareholding and adversely affect the trading price of the Equity Shares.
- The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- The company has not independently verified certain data in this Draft Red Herring Prospectus.
- Continue to focus on high growth business verticals and sectors in India and overseas.
- Focus on expanding our existing customer base.
- Enhance engineering, innovation and design competence.
- Focus on operational efficiencies to improve returns.
Vilas Transcore Ltd IPO Promoter Holding
| Pre Issue Share Holding | 99.3% |
| Post Issue Share Holding | 73.01% |
Vilas Transcore Ltd IPO Subscription Status (Bidding Detail)
The Vilas Transcore Ltd IPO is subscribed - times on May 29, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Subscription (times) | - | - | - | - | - |
Vilas Transcore Ltd IPO Prospectus
Vilas Transcore Ltd IPO Listing Date
| Listing Date | 03 Jun 24 |
| BSE Script | 77069 |
| NSE Symbol | VILAS |
| Listing In | NSE - SME |
| ISIN | INE0AZY01017 |
| IPO Price | ₹147 |
| Face Value | ₹10 |
Vilas Transcore Ltd IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91 22 6263 8200;
Email: ipo@bigshareonline.com;
Website: www.bigshareonline.com
Vilas Transcore Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQs on Vilas Transcore Ltd IPO
Vilas Transcore Ltd IPO, which opens for subscription from 27-May-2024 to 29-May-2024 has an issue size of ₹95.26 crore. The issue type is book building issue.
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Vilas Transcore Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
Vilas Transcore Ltd IPO Opens for subscription from 27-May-2024 to 29-May-2024.
The lot size of Vilas Transcore Ltd is 1000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹147000 and ₹147000 respectively.
Allotment date for Vilas Transcore Ltd is 30-May-2024 and refund of application amount (in case allotment is not received) will begin from 31-May-2024. If your allotment goes through, then shares will be credited in your Demat account by 31-May-2024.
The registrar for Vilas Transcore Ltd IPO is Bigshare Services Pvt Ltd . You can check your IPO allotment status on the registrar's website.
The shares of Vilas Transcore Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Power your investments with our smart trading platforms
For a powerful, stable and secure experience,
download m.Stock App & set up your lifetime Zero brokerage account @ one-time fee of ₹999
-
Scan QR code to download
- OR
-
Enter number to get app link
+91
