The Vilas Transcore IPO set to close on May 29, has received a robust response from investors. On the final day of bidding, the IPO was subscribed 210.03 times, with bids for 9.05 crore shares against the 43.09 lakh shares on offer. The Vilas Transcore IPO allotment status is set to be finalised today

If you applied for the IPO, here is how you can check the Vilas Transcore IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Vilas Transcore IPO allotment status

1. Visit the registrar's website.
2. Pick a server to check your IPO Allotment Status.
3. Select "Vilas Transcore" from the companies listed in the drop-down menu
4. In the Selection Type dropdown, choose either Application number, Beneficiary ID, or PAN ID.
5. Enter your ID as per your selection.
6. Complete the ‘captcha' to verify that you are not a robot.
7. Click ‘Search' to retrieve your Vilas Transcore IPO allotment status.

The Vilas Transcore IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

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Vilas Transcore IPO Subscription Status

The Vilas Transcore IPO opened for public subscription on May 27. The retail category saw a subscription of 161.18 times, while the non-institutional investor (NII) category was subscribed 450.97 times. The Qualified Institutional Buyer (QIB) category received 114.64 times subscriptions.

Vilas Transcore IPO GMP

The Vilas Transcore IPO GMP is currently reported at ₹109 premium in the grey market compared to the issue price. Considering the upper price band of the IPO, the stock is expected to list at 256, indicating a potential gain of approximately 74% on listing. However, it is important to remember that while GMPs can provide some insight into market sentiment, they are not always a reliable predictor of a stock's performance upon listing.

Vilas Transcore IPO Details

The Vilas Transcore IPO is entirely a fresh issue comprising 64.8 lakh shares. The IPO opened for subscription on May 27 and closed on May 29. The price band has been set at ₹139 to ₹147 per share. Investors can apply for a minimum lot size of 1,000 shares, requiring a minimum investment of ₹1,47,000 for retail investors. High Net-worth Individuals (HNIs) must apply for at least 2 lots (2,000 shares), amounting to ₹2,94,000.

About Vilas Transcore

Established in 2006, Vilas Transcore Limited specializes in manufacturing and supplying power distribution and transmission components, catering to both domestic and international markets. The company produces various electrical lamination products, including Cold Rolled Grain Oriented (CRGO) cores and coils used in power and distribution transformers. Adhering to industry standards and customer specifications, Vilas Transcore employs the latest technology to ensure the quality and precision of its products, which are critical in the power equipment industry.

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