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According to the Red Herring Prospectus (RHP), the firm primarily serves the power engineering and distribution sectors. Their offerings, which include slit coils, CRGO laminated core, and CRGO core, are among the most crucial components of various power, distribution, and other current transformer types. A transformer’s core is a crucial component that ensures the transformer operates correctly. Laminated sheets are utilised to reduce current losses in the transformer core, while CRGO steel is used to reduce hysteresis losses. It also offers a low reluctance channel for electromagnetic flux and supports the transformer’s main and secondary windings.
Due to their interference with the effective transmission of energy from the primary coil to the secondary coil, these currents are minimised via lamination of the core. Given the significance of the core, several considerations are made throughout the design and production of the laminations, including economy, longer service life, functional dependability, and manufacturing. The transformer’s effectiveness also much depends on the usage of the right material and shape optimisation.
At the moment, they run their business out of their two production plants in Por, close to Vadodara, Gujarat.
As per RHP, There are no listed companies in India that are engaged in the business line similar to that of the company, thus it is not possible to provide an industry comparison in relation to the company.
Between March 31, 2022, and March 31, 2023, Vilas Transcore Limited’s profit after tax (PAT) climbed by 12.89% and its revenue by 21.09%, respectively.
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Vilas Transcore IPO subscription status
Vilas Transcore IPO subscription status is 9.85 times, on day 1, so far.
The retail portion was subscribed 13.94 times, and NII portion was booked 7.44 times. Qualified Institutions Buyers was booked 4.51 times.
The company has received bids for 4,24,64,000 shares against 43,09,000 shares on offer, at 16:47 IST, according to data on chittorgarh.com.
Vilas Transcore IPO details
Vilas Transcore IPO, which is worth about ₹95.26 crore, consists of a fresh issue of 6,480,000 equity shares with a face value of ₹10. There is no offer-for-sale component.
The company plans to use the issue proceeds for the following purposes: general corporate purposes, funding capital expenditures for the purchase and installation of additional plant and machinery, financing capital expenditures for building a factory, financing capital expenditures for strategic investments and acquisitions, and issue expenses.
The Vilas Transcore IPO’s registrar is Bigshare Services Pvt Ltd, and the book running lead manager is Hem Securities Limited. Hem Finlease is the market maker for the public offering of Vilas Transcore.
Vilas Transcore IPO GMP today
Vilas Transcore IPO grey market premium is +90. This indicates Vilas Transcore share price were trading at a premium of ₹90 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, Vilas Transcore IPO expected listing price was indicated at ₹237 apiece, which is 61.22% higher than the IPO price of ₹147.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Vilas Transcore IPO review
“The company is engaged in the manufacturing of components needed for power distribution and transmission sector. For the reported periods it marked growth in its top and bottom lines, but posted pressure on net margins. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards,” said Dilip Davda, the contributing editor at Chittorgarh.
Disclaimer: The views and recommendations above are those of individual analysts, experts, and brokerage firms, not Mint. We advise investors to consult certified experts before making any investment decisions.
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Published: 27 May 2024, 04:52 PM IST
