Vilas Transcore Ltd has announced the pricing range for its Initial Public Offering (IPO) at Rs139-147 per equity share with a face value of ₹10.
Here are the important dates:
- The IPO subscription window opens on May 27, 2024, and closes on May 29, 2024.
- Allotment of shares is expected by May 30, 2024.
- The proposed listing date on the NSE SME is June 3, 2024.
IPO Issue Size Details:
The IPO aims to raise ₹95.26 crore by offering 64.8 lakh equity shares. There will be no Offer for Sale (OFS) from the promoter group.
Minimum Investment:
Retail investors are required to apply for a minimum of 1000 shares, which would cost ₹147,000 at the upper end of the price band. 35% of the issue is reserved for retail participants. High Net Worth Individuals (HNIs) are required to invest in at least two lots, totaling ₹294,000.
Objectives of the Issue:
The proceeds from the IPO will be utilized for strategic acquisitions, capital expenditures, purchasing new equipment, IPO-related expenses, and general corporate purposes.
About Vilas Transcore Ltd:
Established in 2006, Vilas Transcore Ltd is engaged in the manufacturing and distribution of power distribution and transmission components.
Financial Performance:
In the fiscal year 2022-23, the company reported a profit of ₹20.22 crores, with revenue amounting to ₹282.60 crores. For the nine months ending December 31, 2023, revenue stood at ₹235.74 crores, with a profit after tax of ₹16.79 crores.
Grey Market Premium (GMP):
According to investorgain.com, the Grey Market Premium (GMP) for Vilas Transcore IPO is presently ₹45 per share, indicating a premium of 30.61%.
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