IPO Details
Bidding Dates
27 May 24 - 29 May 24
Price Range ₹
139 - 147
Total Equity
₹ 95.26Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
27 May 2024
Offer end
29 May 2024
Allotment
30 May 2024
Refund initiation
31 May 2024
Demat transfer
31 May 2024
Listing
03 Jun 2024
Offer start
27 May 2024
Offer end
29 May 2024
Allotment
30 May 2024
Refund initiation
31 May 2024
Demat transfer
31 May 2024
Listing
03 Jun 2024
About Company
Incorporated in 2006, Vilas Transcore Limited specializes in the manufacture and supply of power distribution and transmission components, serving transformer and power equipment manufacturers both in India and internationally. The company produces a range of electrical lamination products, including CRGO cores and coils, which are essential for power and distribution transformers. Employing the latest technology, the manufacturing processes adhere to industry standards and customer specifications to ensure quality and precision in the power equipment sector. Vilas Transcore Limited's product line includes CRGO laminated cores, CRGO cores, and slit coils, which are vital components for various types of power transformers, distribution transformers, and current transformers. The company operates two manufacturing units: one in Ramangamdi, Baroda (Gujarat), covering 2,200 square meters, and another near Galaxy Hotel in Village Por, Vadodara, Gujarat, spanning 11,000 square meters. The company's facilities are ISO 9001:2015 certified for quality management systems. Additionally, Vilas Transcore Limited is approved to supply toroidal cores for current transformers (CT) up to the 400 KV class for Power Grid projects.
Year Founded
28-11-2006
Promotor Details
Nilesh Jitubhai Patel
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.51 | 73.17 |
| Share Capital | 17911820 | 17911820 |
Offer to Public
64,80,000.00 Cr
Project Details
- Funding for strategic investment and acquisitions - 50cr
- Funding Capital Expenditure towards construction of factory building - 200.987cr
- Funding capital expenditure towards acquisition and installation of additional plant and machinery - 452.071cr
Objectives
- Funding for strategic investment and acquisitions,Funding Capital Expenditure towards construction of factory building,Funding capital expenditure towards acquisition and installation of additional plant and machinery,General Corporate Purpose,To meet issue expenses.
Highlights
- The company has shown consistent financial growth over the last few years. Revenue from operations grew from Rs 132.65 crore in FY 2021 to Rs 282.61 crore in FY 2023, and profit after tax increased from Rs 5.23 crore to Rs 20.16 crore during the same period.
- The manufacturing unit holds ISO 9001:2015 certification, ensuring adherence to high-quality management standards. Additionally, the company is approved for sourcing toroidal cores for current transformers up to the 400 KV class for Power Grid Corp of India projects.
- The company carries out most of its manufacturing processes in-house, allowing for quick and efficient responses to customer requirements or changes in product specifications without relying on external vendors.
- Incorporated in 2006, the company has established a strong market presence in the power distribution and transmission sector, both in India and internationally. This longevity and experience provide a competitive edge.
- The company has a strong repeat customer base, generating over 60% of its revenue from repeat customers in the last three fiscal years. This indicates customer satisfaction and loyalty, contributing to stable revenue streams.
Challenges
- Vilas Transcore Limited relies heavily on key customers like Voltamp Transformers Limited, which accounted for a significant portion of its revenue (53.15% for the period ended July 31, 2023). Any loss of such customers or changes in their procurement strategies could materially affect the company's business.
- The company’s business is closely tied to the power distribution and transmission sector, which is subject to demand fluctuations influenced by various economic factors. An economic slowdown or reduced demand for power could adversely impact sales volume and financial condition.
- The company is expanding its manufacturing facilities, which presents potential challenges in sales, marketing, and production optimization. Financing this expansion through an IPO may face delays, and potential regulatory and registration hurdles could impact operations.
- Over 60% of the company's revenue from operations in the last three fiscal years has come from repeat customers. Any disruption in business from these key customers could adversely impact the company’s revenue.
- There are outstanding legal proceedings involving the company and its promoter, pending at various courts, tribunals, and other authorities. Any adverse judgments in these cases could negatively impact the company’s business and financial stability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2020 | 1,22,34,49,730.00 | 3,00,00,000.00 | 1,791.49 | 1,791.49 | 9.9527 |
| 2024 | 20,117.94 | 1,800.00 | 8,42,01,496.00 | 8,42,01,496.00 | 4.6779 |
| 2021 | 14,266.28 | 300.00 | 6,92,59,310.00 | 6,92,59,310.00 | 3.8477 |
| 2022 | 17,265.64 | 300.00 | 3,59,60,276.00 | 3,59,60,276.00 | 1.9978 |
| 2023 | 18,879.82 | 300.00 | 8,23,70,620.00 | 8,23,70,620.00 | 4.5761 |
