Vilas Transcore made a stunning entry onto the NSE SME platform today, marking a remarkable milestone for the company. The opening bell saw Vilas Transcore share price skyrocketing to ₹215, a staggering 46.26% surge from its issue price of ₹147.
The journey to this impressive debut began with Vilas Transcore IPO opening for subscriptions on May 27, closing on May 29. Priced between ₹139 and ₹147 per equity share, with a face value of ₹10 each, the IPO garnered significant attention from investors. Each lot size comprised 1,000 shares, with a minimum application of 1,000 equity shares, expandable in multiples of 1,000.
Earlier, Vilas Transcore IPO witnessed a subscription status of a whopping 204.77 times by day 3. Retail investors showed immense interest, subscribing 151.42 times, while the Non-Institutional Investors (NII) portion was oversubscribed by an astonishing 449.21 times. Qualified Institutional Buyers (QIBs) joined the fervor, booking their portion 114.64 times.
Vilas Transcore’s financial health, reflected in its robust performance, further bolstered investor enthusiasm. Between March 31, 2022, and March 31, 2023, the company witnessed a noteworthy 12.89% increase in Profit After Tax (PAT) and a commendable 21.09% rise in revenue.
