Vilas Transcore Limited is coming up with an IPO consisting of a fresh issue of 64,80,000 shares worth INR 95.26 crores. The company aims to fund strategic investments, construct a factory, acquire machinery, and support general corporate purposes.
Vilas Transcore Ltd IPO – Important Dates
| Vilas Transcore Limited IPO Date | May 27, 2024 to May 29, 2024 |
| Vilas Transcore Limited IPO Listing Date | June 3, 2024 |
| Vilas Transcore Limited IPO Price | INR 139-147 per share |
| Vilas Transcore Limited IPO Lot Size | 1000 shares |
| Vilas Transcore Limited IPO Total Issue Size | INR 95.26 crores |
| Vilas Transcore Limited IPO Basis of Allotment | May 30, 2024 |
| Vilas Transcore Limited IPO Initiation of Refunds | May 31, 2024 |
| Vilas Transcore Limited IPO Credit of Shares to Demat | May 31, 2024 |
| Vilas Transcore Limited IPO Issue Type | Book Built Issue IPO |
| Vilas Transcore Limited IPO Listing At | NSE SME |
Vilas Transcore IPO – Company Profile
Incorporated in 2006, Vilas Transcore Limited manufactures and supplies CRGO laminations and cores for power distribution and transmission, adhering to industry standards and customer specifications and utilizing the latest technology for various transformer applications in India and abroad.
They cater to the power engineering industry, providing CRGO cores and slit coils essential for transformers. These cores minimize current and hysteresis losses, ensuring efficient energy transfer and reliability through careful design and material optimization.
With three decades of experience, their company excels in the power equipment sector, supported by a skilled management team and 250 personnel, expanding operations and fostering strong customer relationships globally.
Vilas Transcore IPO Fundamental Analysis
Vilas Transcore Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased significantly, but profitability and EPS declined, raising investor concerns despite asset growth, consistent equity increases, and potential business expansion.
- Revenue Trend: The revenue increased from ₹23,302.93 lakhs in March 2022 to ₹28,260.51 lakhs in March 2023. The revenue for the current year’s 4-month period ending July 2023 is INR 10,446.73 lakhs, falling short of last year’s benchmark.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly decreased from ₹1,791.49 lakhs in March 2022 to ₹728.74 lakhs by July 2023. This decline in profitability could be a cause for concern among investors.
- Earnings per Share (EPS): The diluted EPS has declined from ₹9.95 in March 2022 to ₹4.05 by July 2023, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has grown from 17.87% to 5.71%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Vilas Transcore IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 July 2023 |
| Revenue (₹ in lakhs) | 23,302.93 | 28,260.51 | 10,446.73 |
| Equity (₹ in lakhs) | 11,751.23 | 13,697.88 | 14,403.43 |
| Expenses (₹ in lakhs) | 21,112.85 | 25,756.7 | 9,547.87 |
| Profit and Loss After Tax (₹ in lakhs) | 1,791.49 | 2,016.23 | 728.74 |
| Diluted EPS only (₹) | 9.95 | 11.20 | 4.05 |
| Return on Net Worth (%) | 17.87 | 16.75 | 5.71 |
| NAV per Equity Share (₹) | 55.69 | 66.89 | 70.94 |
| Total Assets (in lakhs) | 17,265.64 | 18,879.83 | 21,577.65 |
| Total Liabilities (in lakhs) | 5,514.41 | 5,181.95 | 7,174.22 |
Vilas Transcore Ltd IPO Competitor Analysis
There are no listed companies in India that are engaged in the business line similar to that of Vilas Transcore Limited, thus it is not possible to provide an industry comparison in relation to their company.
Vilas Transcore Ltd IPO Objective
The main objective of Vilas Transcore Limited is to fund strategic investments, construct a factory, acquire and install new machinery, and support general corporate purposes, ensuring growth and operational efficiency.
- Funding for strategic investment and acquisitions: The company plans strategic investments and acquisitions to enhance products and market presence, with funds allocated based on management’s estimates. General funds will meet any shortfall, ensuring compliance with SEBI regulations.
- Funding Capital Expenditure towards construction of factory building: The company intends to utilize INR 16.82 crores for capital expenditure to construct a new factory building and office at survey no. 419, Khata no. 466 Ganpatpura taluka Karjan, Vadodara, Gujarat, enhancing operational efficiencies and increasing capacity.
- Funding capital expenditures towards acquisition and installation of additional plant and machinery: The company aims to utilize INR 41.07 crores for expanding its manufacturing facility by setting up a new plant in Vadodara, Gujarat, equipped with lamination machines, including a Hole Punch Unit, a V-notch punching Unit, Spares, and a Scrap Removal System.
- General Corporate Purpose: The company will allocate funds to general corporate goals, including meeting operating expenses and initial project development costs, enhancing business development and marketing capabilities, and addressing difficulties.
Vilas Transcore Ltd IPO Risks
Vilas Transcore Limited’s risk includes heavy dependence on critical customers like Voltamp Transformers Limited, potential challenges in sales, marketing, and production optimization, and vulnerability to demand fluctuations in the power distribution sector.
- Dependent on key customers like Voltamp Transformers Limited, Vilas Transcore Limited’s revenue has been significantly influenced by them. Loss of such customers or changes in procurement strategies may materially affect their business.
- The company is expanding its manufacturing facilities and faces potential sales, marketing, and production optimization challenges. Financing the expansion through an IPO may face delays impacting implementation, compounded by potential regulatory and registration hurdles affecting operations.
- Their business is closely tied to the power distribution and transmission sector, subject to demand fluctuations influenced by various economic factors. Any adverse effects on their customers’ demand may impact sales volume and financial condition.
Vilas Transcore Ltd IPO – Industry & Market Potential
Indian energy firms, like Oil and Natural Gas Corp. Ltd., make significant global strides. Additionally, India extends a US$ 100 million line of credit to Sri Lanka for solar energy projects, aiming to meet 70% of its power needs with renewables by 2030.
World electricity demand remained resilient in 2022, supported by the continued acceleration of electrification in the transport and heating sectors. Record numbers of electric vehicles and heat pumps sold contributed to growth.
Electricity demand in India rose by 8.4% in 2022, driven by robust economic recovery and high summer temperatures. The United States recorded a significant 2.6% year-on-year demand increase, reflecting economic activity and higher residential use.
Vilas Transcore IPO – Type of Offer
Vilas Transcore Limited is coming up with an IPO, which consists of a fresh issue of 64,80,000 shares worth INR 95.26 crores. The company aims to fund strategic investments, construct a factory, acquire machinery, and support general corporate purposes.
Vilas Transcore Ltd IPO Offer Size
The offer size of Vilas Transcore Limited is INR 95.26 crores, consisting of a fresh issue of 64,80,000 shares. The company seeks funds for strategic investments, constructing a factory, acquiring machinery, and supporting general corporate purposes.
Vilas Transcore IPO Allotment Structure
Vilas Transcore Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 326,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 326,000 shares, are reserved for marker makers.
How to apply for a Vilas Transcore Limited IPO?
To apply for the Vilas Transcore Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Vilas Transcore Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Vilas Transcore Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Vilas Transcore Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Vilas Transcore Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Vilas Transcore Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Vilas Transcore Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Vilas Transcore Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE and SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Vilas Transcore Limited Ltd IPO Offer Registrar
The registrar for the Vilas Transcore Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400 093,
Maharashtra, India
Tel No: 022 – 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Vilas Transcore Limited Limited IPO – FAQs
The allotment date of the Vilas Transcore Limited IPO is May 30, 2024.
The price band of the issue is INR 139-147 per share.
The offer size of Vilas Transcore Limited is INR 95.26 crores, consisting of a fresh issue of 64,80,000 shares. The company seeks funds for strategic investments, constructing a factory, acquiring machinery, and supporting general corporate purposes.
The listing date of Vilas Transcore Limited’s IPO is June 3, 2024.
