Incorporated in 2006, Vilas Transcore Limited manufactures and supplies power distribution and transmission components, primarily to transformer and other power equipment manufacturers in India and abroad. The company produces and supplies various electrical lamination products, including CRGO cores and coils used in power and distribution transformers. The manufacturing process meets industry standards and customer specifications, using the latest technology to ensure quality and precision for application in the power equipment industry.
The company's product line includes CRGO laminated Core, CRGO core, and slit coils, which are essential components of various types of power transformers, distribution transformers, and other current transformers.
The company has two manufacturing units: one situated in Ramangamdi, Baroda (Gujarat), covering an area of 2200 sq. meters, and the second situated near Galaxy Hotel, Village Por, in Vadodara, Gujarat, covering an area of 11000 sq. meters.
The company's manufacturing facility has been certified for conforming to the quality management system standards, namely ISO 9001:2015.
Additionally, it has been approved for sourcing toroidal cores for current transformers (CT) up to 400 KV class for Power Grid projects.
As of July 31, 2023, the company has employed approximately 250 staff at various organizational levels.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding for strategic investment and acquisitions, | — |
| Funding Capital Expenditure towards construction of factory building, | — |
| Funding capital expenditure towards acquiring and installing additional plant and machinery, | — |
| General Corporate Purpose, | — |
| To meet issue expenses. | — |
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 20,821 | 18,880 | 17,266 |
| Revenue | 23,830 | 28,478 | 23,518 |
| PAT | 1,679 | 2,022 | 1,791 |
| Net Worth | 13,725 | 12,046 | 10,023 |
| Reserves | 13,531 | 13,404 | 11,451 |
| Total Borrowing | 500 | 490 | 347 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 3,076,000 (47%) | — |
| NII / HNI | — | 924,000 (14%) | — |
| Retail (RII) | — | 2,154,000 (33%) | — |
| Market Maker | — | 326,000 (5%) | — |
| Total | — | 6,480,000 (100%) | — |
* Amount calculated at upper price band (₹0) · ** Total includes all investor categories
- 1 Initiation of Refund 31 May 2024
- 2 Credit of Shares to Demat 31 May 2024
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹11 compares to post-issue EPS of ₹9 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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