Vilas Transcore IPO has made an impressive debut in the stock market.
The company’s shares were listed on NSE at a 31 percent premium, opening at Rs 215.
Soon after, the share price hit an intra-day high of Rs 220.50.
However, the shares later experienced profit booking, causing the price to drop to Rs 204.25.
IPO Details and Timeline
The IPO was open for retail investors from May 27 to May 29.
The price band for the IPO was set between Rs 139 and Rs 147 per share.
Investors had to purchase a minimum lot of 1000 shares, costing at least Rs 1,47,000.
The total size of the Vilas Transcore IPO was Rs 95.26 crore, with the company issuing 64.80 lakh new shares through the IPO.
Subscription and Promoter Holdings
The IPO received an overwhelming response, being subscribed 204.77 times by the closing day. The Non-Institutional Investor (NII) category saw the highest subscription at 449.21 times.
On the second day, the subscription was 28.13 times, and on the first day, it was 10.77 times.
The IPO was also open for anchor investors on May 24, raising Rs 27.12 crore.
Prior to the IPO, the promoters held 99.97 percent of the company’s shares, which has now reduced to 73.01 percent.
The company’s promoters are Nilesh Jeetu Bhai Patel and Natasha Jeetu Bhai Patel.
Lead Managers and Registrars
Hem Securities Limited was appointed as the book-running lead manager for the IPO,
while Bigshare Services Private Limited served as the registrar for the issue.
