Vilas Transcore IPO: Check Issue Date, Price, Lot Size & Company Financial

IPO Details

Bidding Dates

27 May '24 - 29 May '24

Minimum Investment

₹147,000/1 Lot (1,000 Shares)

Price Range

₹139 - ₹147

Maximum Investment

₹147,000/1 Lot (1,000 Shares)

Retail Discount

To be announced

Issue Size

₹95.26 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

May 27, 2024

Closing Date

May 29, 2024

Basis of Allotment

May 30, 2024

Initiation of Refunds

May 31, 2024

Credit of Shares to Demat

May 31, 2024

Listing Date

Jun 3, 2024

Cut-off time for UPI mandate confirmation

May 29, 2024

About Vilas Transcore Limited

Incorporated in 2006, Vilas Transcore Limited specialises in manufacturing and supplying components for the power distribution and transmission sector. The company serves transformer and power equipment manufacturers in India and abroad. Key products include electrical lamination cold rolled grain oriented (CRGO) lamination core, CRGO slit coils, CRGO stacked cores, CRGO wound cores, and CRGO toroidal cores. These components are essential for power transformers, distribution transformers, and various types of current transformers.

Before the company's incorporation, its promoter, Nilesh Jitubhai Patel, operated a proprietorship called M/s Vilas Transcore since 1996. The business was taken over by Vilas Transcore Limited in 2007, including all assets and liabilities. Under Patel's leadership, the company has focused on quality, timely delivery, and customer customisation. From fiscal 2021 to 2023, revenues grew at a compound annual growth rate (CAGR) of 45.96%, driven by strong customer relationships and repeat orders.

Vilas Transcore Limited operates two manufacturing facilities in Por, near Vadodara, Gujarat, covering over 13,200 square metres. These facilities have advanced machinery and a combined manufacturing capacity of 12,000 MT. The company's quality management system is ISO 9001:2015 certified, and it is approved for sourcing toroidal cores for Power Grid projects.

The company has established long-term relationships with major transformer manufacturers, both domestically and internationally. Major customers include Voltamp Transformers Limited, Electrotherm India Limited, Atlas Transformers India Limited, and Shilchar Technologies Limited. The company prides itself on maintaining high-quality standards and meeting customer specifications.

Industry Outlook:

India's power sector is experiencing significant growth, with installed power capacity reaching 423.35 GW by July 31, 2023. This makes India the third-largest producer and consumer of electricity worldwide.
The renewable energy sector in India is also booming, with an installed capacity of 177.73 GW as of July 31, 2023. This growth in renewable energy sources, including solar and wind power.

Vilas Transcore Limited IPO Details

Vilas Transcore Limited IPO Dates

Vilas Transcore Limited IPO is a book-built issue IPO that will open from May 27, 2024, to May 29, 2024. The IPO will be listed on NSE Emerge.

Vilas Transcore Limited IPO Price Band

The price band of the shares is ₹139 to ₹147 per share.

Vilas Transcore Limited IPO Lot Size

The lot size for Vilas Transcore Limited IPO is 1 lot of 1,000 shares, with a minimum investment of ₹1,47,000.

Vilas Transcore Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

The company plans to allocate funds towards strategic investments and acquisitions. This initiative aims to enhance their product offerings and expand their market presence through new opportunities and partnerships.
The company intends to invest ₹1682.11 lakhs in purchasing land and constructing a new factory building in Vadodara, Gujarat. This investment is expected to increase production capacity and improve operational efficiency.
Vilas Transcore Limited is expanding its manufacturing facility with advanced lamination machines at a new plant in Vadodara. This expansion will support growth and enhance production capabilities.
The remaining proceeds will be used for general corporate purposes, including operating expenses, project development, business development, marketing, and unforeseen expenses.

Peer Details

As per DRHP there are no listed companies in India that engage in a business similar to Vilas Transcore Limited.

How to Check the Allotment Status of the Vilas Transcore Limited IPO?

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Log in to the Angel One app
Go to the IPO Section and then to IPO Orders.
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Contact Details of Vilas Transcore Limited IPO

Mr. Gandhali Gurunath Paluskar

Registered office: Plot No 435 To 437, Nr Galaxy Hotel, N H No 8, Village Por, Vadodara- 391243

Phone: +91 9328026768

E-mail:accounts@vilastranscore.com

IPO Financials

Particulars	As at July 31 2023	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Revenue From Operations (in ₹ lakh)	10446.73	28260.51	23302.93	13265.15
Profit After Tax (PAT) (in ₹ lakh)	728.74	2016.23	1791.49	523.42
Cash and Cash Equivalents (in ₹ lakh)	4058.41	3956.44	3753.62	3311.61
Return on Net Worth (%)	5.71	16.75	17.87	6.36
Return on Equity (%)	5.19	15.85	16.45	5.34
Return on Capital Employed (RoCE) (%)	6.78	20.06	21.32	7.74
EBITDA (in ₹ lakh)	977.80	2851.31	2546.85	798.95

Know before investing

Strengths

Vilas Transcore Limited has a long-standing presence in manufacturing electrical laminations and other components used in various transformers. The company’s adherence to high-quality standards and precision has contributed to its robust revenue growth.
The company operates from two manufacturing facilities located near Vadodara, spread over a combined area of 13,000 square metres, with an annual capacity of 12,000 metric tonnes. These facilities enable Vilas Transcore Limited to maintain cost-effective operations and provide timely supply to customers.
Vilas Transcore Limited has built enduring relationships with both Indian and global transformer manufacturers. The company’s ability to deliver consistent, high-quality, and cost-competitive products has resulted in repeated orders and increased revenue from long-standing customers.
By investing in process and product innovation, Vilas Transcore Limited can continue to meet diverse customer specifications and enhance its product portfolio. Strengthening in-house engineering capabilities will allow the company to offer more value-added and technologically advanced components.

Risks

Vilas Transcore Limited relies heavily on key customers, particularly Voltamp Transformers Limited, representing a substantial portion of its revenues in recent years. If Vilas Transcore Limited loses any of these key customers or if they significantly reduce their orders, it could negatively impact the company's business and financial health.
Vilas Transcore Limited typically does not enter into firm supply agreements, relying instead on purchase orders that can be amended or cancelled. This lack of customer commitment makes it difficult for the company to forecast revenue and production, potentially leading to financial instability.
Vilas Transcore Limited plans to expand its operations in Gujarat but may encounter financial and operational challenges. Delays in securing necessary funds, regulatory approvals, or issues with the new premises could hinder the expansion, affecting the company's growth and profitability.
Customers pressure the company to reduce prices, which can affect profit margins. If Vilas Transcore Limited cannot offset these price reductions through cost-saving measures, its profitability and overall financial condition may suffer.