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Vilas Transcore Soars with 46% Premium on Debut, Dips 3% Shortly After

Vilas Transcore's share price debuted at ₹215 on the NSE SME, a 46% premium, but fell over 3% shortly after, despite the strong initial performance.

Vilas Transcore’s share price surged on its NSE SME debut, opening at ₹215, a 46% premium over its issue price of ₹147. Despite a strong start, the stock experienced a decline of over 3% shortly after opening.

The Vilas Transcore IPO was overwhelmingly received, with a subscription rate of 204.77 times by day 3. The retail segment saw 151.42 times oversubscription, NII 449.21 times, and QIBs 114.64 times, totaling bids for 88.23 crore shares against an offer of 43.09 lakh shares.

Founded in 2006, Vilas Transcore Limited specialises in manufacturing CRGO laminations and cores for the global power distribution and transmission sectors. Utilising advanced technology, they produce cores and slit coils that optimise energy efficiency in transformers. With over three decades of expertise, the company leverages a skilled team of 250 to expand and strengthen its international customer base.

Vilas Transcore Limited seeks IPO funding to construct new factory buildings, purchase machinery, and make strategic investments, aiming to enhance operational capacities and market presence while complying with SEBI guidelines.

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