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Vilas Transcore IPO opens today: Price band set at ₹139-147 per share. Details

Vilas Transcore IPO allotment will be completed by May 30 while the proposed listing date for the Vilas Transcore IPO is set on June 3 on NSE SME.

Published on: May 27, 2024 09:09 AM IST
By HT News Desk | Edited by Mallika Soni
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Vilas Transcore IPO: The initial public offering for Vilas Transcore Ltd will open today (May 27) and will close on May 29. The price band has been set at ₹139-147 per equity share of face value of ₹10. The allotment will be completed by May 30 while the proposed listing date for the Vilas Transcore IPO is set on June 3 on NSE SME.

Vilas Transcore IPO details

Read more: HOAC Foods India lists at 206% premium over IPO price on NSE SME

Vilas Transcore IPO: The price band has been set at ₹139-147 per equity share of face value of ₹10.
Vilas Transcore IPO: The price band has been set at ₹139-147 per equity share of face value of ₹10.

The issue is a ₹95.26 crore book-built offering with fresh 64.8 lakh equity shares and no offer for sale component from promoter and promoter group. For those applying for the issue, the minimum lot size is 1000 shares which means that at the upper end of the price band, retail investors are required to invest a minimum of ₹147,000. The IPO reserves not less than 35% of the issue is reserved for retail investors and the HNI will require to make a minimum investment of two lots, or 2,000 shares.

Vilas Transcore IPO objectives

Read more: Virat Kohli-backed Go Digit debuts at 5% premium over IPO price

The Vadodara-based company was founded in 2006 and produces and distributes power distribution and transmission components. In FY23, the company registered a profit of ₹20.22 crores compared to ₹17.91 crores. Revenue from operations during the period also increased significantly to ₹282.60 crores from ₹233.03 crores in the previous year.

 
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HT News Desk

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