Vilas Transcore Limited

About the company

## **About  Vilas Transcore Limited** Incorporated in 2006, Vilas Transcore Limited is engaged in the manufacturing and supply of components used in the power distribution and transmission sector, primarily to transformer and other power equipment manufacturers in India and abroad. They manufacture and supply a different range of electrical lamination cold rolled grain oriented (C.R.G.O.) lamination core, CRGO slit coils, CRGO stacked (assembled cores), CRGO wound core and CRGO Toroidal core which are mainly used in power transformer, distribution transformer & dry type transformers, high voltage / medium voltage & low voltage current transformers. They manufacture their products keeping in mind the industry standards and specifications given by the customer, with the use of latest technology to manufacture their products and offer their customers with the defined requirements based on the product dimensions and materials for application in the power & distribution equipment industry. The company is majorly catering to the power distribution and power engineering industry. Their products, CRGO laminated Core, CRGO core and slit coils are one of the most important parts of different kinds of power transformer, distribution transformer & other current transformers. The core of a transformer is a very important part for the proper functioning of the transformer. The core of the transformer is made through laminated sheets which are used to minimise current losses and CRGO steel material is used to minimise hysteresis losses, it provides a low reluctance path for electromagnetic flux and supports the primary and secondary windings of the transformer. The core is laminated to reduce these currents to a minimum as they interfere with the efficient transfer of energy from the primary coil to secondary coil. Considering the importance of core, many points are kept in mind while designing and manufacturing of the laminations, like manufacturing, functional reliability, longer service life, economy etc. The use of proper material & optimization of the shape are also very important for the efficiency of the transformer. Under the vision and guidance of their promoter Nilesh Jitubhai Patel, they have established themselves by focusing on quality, timely delivery and undertaking customisation as per customer demands. Their growth has been driven by an increase in the business with their customers for their product, due to which from fiscal 2021 to fiscal 2023, their revenues from customers has grown at a compound annual growth rate (“CAGR”) of 45.96 % along with repeated orders from their top customers over the years. Vilas Transcore Limited,  prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1. Funding for strategic investment and acquisitions, 1. Funding Capital Expenditure towards construction of factory building, 1. Funding capital expenditure towards acquiring and installing additional plant and machinery, 1. General Corporate Purpose, 1. To meet issue expenses. Here are key details about the Vilas Transcore Limited IPO: Company Name| **Vilas Transcore Limited**|  | Vilas Transcore Limited IPO Opening Date| **May 27, 2024** ---|---|---|---|--- Company Established On|**2006**Vilas Transcore Limited IPO Price band|**₹139 to ₹147 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   27 May 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   29 May 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   29 May 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   31 May 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   30 May 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   03 Jun 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.