Vilas Transcore IPO

Vilas Transcore Ltd

₹1,39,000 /1000 sharesMinimum Investment

Vilas Transcore IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹147.00₹215.00₹68.00 (46.26%)

Vilas Transcore IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
27 May ‘24 - 29 May ‘24₹1,39,0001,000₹139 - ₹147
Issue SizeIPO Doc
95.26Cr
RHP PDF

About Vilas Transcore

Vilas Transcore Limited is engaged in the manufacture and supply of components used in the power distribution and transmission sector. The company manufactures and supplies a range of electrical lamination cold rolled grain oriented (CRGO) lamination cores, CRGO slit coils, CRGO stacked (assembled cores), CRGO wound cores and CRGO Toroidal cores used in power transformers, distribution transformers & dry type transformers, and high, medium & low voltage current transformers. The company primarily supplies to transformer and other power equipment manufacturers in India and abroad. The company has two manufacturing facilities located at Vadodara, Gujarat. Both facilities are equipped with machineries such as slitting machines for X’mer lamination, batch annealing furnaces, roller hearth annealing furnaces, EOT cranes (2MT to 10 MT), power presses, power shearing machines, power hole punching machines, automatic core winding machines, treadle shears, weighing machines, deburring and grinding machines and CNC cut to length lines with auto stacking system and a laboratory for testing the material, electricity losses, etc. The two units have a combined installed manufacturing capacity of 12,000 MT.;
Parent Organisation
Vilas Transcore Ltd
Founded
2006
Managing Director
Mr. Nilesh Jitubhai Patel

Strengths & Risks

  • The company’s financial performance has consistently been positive over the last few years. For the financial years ended March 31, 2021, 2022 and 2023, revenue from operations grew from Rs 132.65 crore to Rs 233.03 crore to Rs 282.61 crore, while profit after tax increased from Rs 5.23 crore to Rs 17.91 crore to Rs 20.16 crore, respectively.
  • The manufacturing unit holds ISO 9001:2015 certification and is approved for sourcing toroidal core for current transformers (CT) up to 400 KV class for Power Grid Corp of India projects.
  • As per the RHP, in the last 3 fiscal years, the company has generated over 60% of its revenue from operations from repeat customers.
  • The company carries out most of its manufacturing processes in-house. This allows it to respond quickly and efficiently to any customer requirements or change in product specifications without the need to depend on external vendors.
  • The company’s business is heavily dependent on the requirements of the power distribution and transmission sector in India and overseas. Any overall economic slowdown or. reduced demand for power could adversely affect the company’s business.
  • The company is dependent on certain key customers, especially Voltamp Transformers Limited, for continued business. Voltamp accounted for 38.14%, 42.82%, 53.76% and 53.15% of its revenue from sale of products for the period ended July 31, 2023, and financial years 2023, 2022 and 2021 respectively. This is quite a significant concentration of business with one client and any disruption in business with Voltamp could adversely impact the company’s business.
  • The company’s top five customers accounted for 78.03%, 74.34%, 65%, and 67.33% of its revenues from sale of products in fiscal years 2021, 2022, 2023 and the period ended July 31, 2023. Any disruption in business from these key customers could adversely impact the company’s business.
  • There are outstanding legal proceedings involving the company and its promoter which are pending at various courts, tribunals and other authorities. Any adverse judgments in these cases could negatively impact the company.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular139 - 147₹2 Lakh
High Networth Individual139 - 147₹2 - 5 Lakh
For Vilas Transcore IPO, eligible investors can apply as Regular.
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