Contents
- 1 Vdeal System IPO Details
- 2 Vdeal System IPO Date
- 3 Lot Size
- 4 Promoter Holding
- 5 Vdeal System IPO GMP (Grey Market Premium)
- 6 Vdeal System IPO Subscription Status
- 7 Vdeal System IPO Allotment Status
- 8 Know About Company
- 9 Vdeal System Limited Financial Information
- 10 KPI Of Vdeal System Limited
- 11 Objects of the Issue
- 12 Peer Group
- 13 Vdeal System IPO Registrar
- 14 Vdeal System IPO Lead Manager
- 15 Vdeal System Limited Contact
- 16 Vdeal System IPO Application Form PDF
- 17 Pros of Vdeal System IPO
- 18 Cons of Vdeal System IPO
- 19 Frequently Asked Questions (FAQs) about Vdeal System IPO
Vdeal System Limited is set to launch its Initial Public Offering (IPO), which is a fixed price issue aiming to raise ₹18.08 crores through a fresh issue of 1,614,000 equity shares. The IPO will open for subscription on August 27, 2024, and will close on August 29, 2024. The allotment of shares is expected to be finalized on August 30, 2024, with the listing scheduled for September 3, 2024, on the NSE SME platform.
The share price for the IPO is fixed at ₹112 per share, with a minimum application lot size of 1,200 shares. This means retail investors need to invest at least ₹134,400 to participate. For High Net-worth Individuals (HNIs), the minimum investment is ₹268,800, which corresponds to two lots (2,400 shares).
Ref. Doc- Vdeal System IPO RHP
Vdeal System IPO Details
| Open Date | August 27, 2024 |
| Close Date | August 29, 2024 |
| IPO Size | Aggregating ₹18.08 crores through 16.14 lakh shares |
| Fresh Issue | 16.14 lakh Equity Shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹112 per share |
| IPO Listing on | NSE SME |
| Lot Size | 1200 Shares |
| OFS | N/A |
| Share Offered to Retail | 50% |
| Share Offered to QIB | – |
| Share Offered to HNI | 50% |
Vdeal System IPO Date
- IPO Open Date: August 27, 2024
- IPO Close Date: August 29, 2024
- Allotment: August 30, 2024
- Refunds: September 02, 2024
- Shares Credit to Demat: September 02, 2024
- Listing Date: September 03, 2024
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹134,400 |
| Retail (Max) | 1 | 1200 | ₹134,400 |
| HNI (Min) | 2 | 2,400 | ₹268,800 |
Promoter Holding
The promoters of Vdeal System Limited include Mr. Dhiraj Kochar, Mrs. Tapaswini Panda, Mr. Brahmananda Patra, and Reveal AI Technologies Private Limited. Prior to the IPO, these promoters hold 99.97% of the company’s shares. Following the completion of the IPO, their combined shareholding will be reduced to 66.96%.
Vdeal System IPO GMP (Grey Market Premium)
If you want to know Vdeal System IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Vdeal System IPO Subscription Status
Vdeal System IPO subscription starts on August 27, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Vdeal System IPO Allotment Status
To check the Vdeal System IPO allotment status go to the IPO registrar website ”Cameo Corporate Services Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
Vdeal System Limited, a trailblazer in the electrical and automation industry, has been making waves since its inception in December 2009. Headquartered in Bhubaneswar, Odisha, this ISO 9001:2015-certified company has established itself as a leading provider of cutting-edge solutions that adhere to the highest international IEC standards of quality and safety.
Comprehensive Product Portfolio
Vdeal System Limited’s expertise spans a wide range of innovative products, including:
- Smart Low Voltage (LV) Panels
- Smart Medium Voltage (MV) Panels
- Smart Variable Frequency Drive (VFD) Panels
- Medium Voltage (MV) Soft Starters
- Energy Management Systems (EMS)
- Smart Programmable Logic Controller (PLC) Panels
- Air-Insulated & Sandwich Bus Ducts
In-House Excellence
The company’s commitment to excellence is evident in its in-house capabilities, which encompass product design and development, manufacturing, system integration, and servicing of automation solutions and smart electrical control panels. This vertical integration ensures that every aspect of the process is meticulously crafted to meet the specific needs of its clients.
Embracing the Future
Vdeal System Limited is at the forefront of technological advancements, with a product portfolio that includes several Sense IoT Gateways, Reveal Sense Nodes, and the REVNET IIoT Platform. By seamlessly integrating cutting-edge technologies, the company is poised to revolutionize the way businesses approach electrical and automation solutions.
A Dedicated Team
As of August 20, 2024, Vdeal System Limited employs a dedicated team of 65 individuals, each contributing their expertise to the company’s success. This talented workforce, coupled with the company’s commitment to innovation and quality, has been instrumental in driving Vdeal System Limited’s growth and positioning it as a trusted partner in the industry.
Vdeal System Limited Financial Information
The financial information for Vdeal System Limited for the years ending March 31, 2024, 2023, and 2022:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹2,727.93 lakhs | ₹1,544.44 lakhs | ₹1,142.33 lakhs |
| Revenue | ₹2,625.08 lakhs | ₹2,075.41 lakhs | ₹1,623.96 lakhs |
| Profit After Tax (PAT) | ₹311.38 lakhs | ₹110.09 lakhs | ₹23.1 lakhs |
| Net Worth | ₹628.75 lakhs | ₹341.83 lakhs | ₹231.73 lakhs |
| Total Borrowing | ₹937.67 lakhs | ₹621.02 lakhs | ₹639.51 lakhs |
KPI Of Vdeal System Limited
The financial Key Performance Indicators (KPIs) for the company for the fiscal years 2024 and 2023.
| Metric | Fiscal 2024 | Fiscal 2023 |
|---|---|---|
| Revenue From Operation (₹ in Lakhs) | 2,622.48 | 2,072.40 |
| Revenue CAGR (%) from F.Y. 2022-2024 | 27.29% | – |
| Total Revenue (₹ in Lakhs) | 2,625.08 | 2,075.41 |
| Operating EBITDA (₹ in Lakhs) | 536.03 | 239.92 |
| Operating EBITDA Margin (%) | 20.44% | 11.58% |
| EBITDA CAGR (%) from F.Y. 2022-2024 | 95.92% | – |
| Profit/(Loss) After Tax for the Year (₹ in Lakhs) | 311.38 | 110.09 |
| Net Profit Ratio / PAT Margin (%) | 11.87% | 5.31% |
| Return on Equity (ROE) (%) | 49.52% | 32.21% |
| Debt to Equity Ratio | 1.49 | 1.82 |
| Debt Service Coverage Ratio | 1.58 | 0.75 |
| Return on Capital Employed (%) | 32.83% | 23.14% |
| Current Ratio | 1.22 | 1.14 |
| Net Capital Turnover Ratio | 9.80 | 13.31 |
Objects of the Issue
- To meet working capital expenses
- To make prepayment or repayment of all or a portion of certain secured and unsecured loans availed by the Company
- General Corporate Purpose
- To meet Offer Related Expenses
Peer Group
- Akanksha Power and Infrastructure Limited
- Saakshi Medtech and Panel Limited
Vdeal System IPO Registrar
Cameo Corporate Services Limited
Subramanian Building” 1 Club House Road,
Chennai- 600 002
Tel: +91 40 6716 2222
E-mail: priya@cameoindia.com
Investor Grievance e-mail: investor@cameoindia.com
Website: www.cameoindia.com
Vdeal System IPO Lead Manager
Affinity Global Capital Market Private Limited
20B, Abdul Hamid, Street, East India
House, 1st Floor, Room, No. 1F, Kolkata –
700069, West Bengal, India
Telephone: +91 33 4004 7188
Email: compliance@affinityglobal.in
Website: www.affinityglobalcap.in
Vdeal System Limited Contact
Vdeal System Limited
Plot No. 4/A
A, 4/B & 6, Janla Industrial Area
Khordha, Jatni – 752054
Phone: + 91 0674 291067
Email: compliance@vdealsystem.com
Website: http://www.vdealsystem.com/
Vdeal System IPO Application Form PDF
To download the Vdeal System IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
Pros of Vdeal System IPO
- Strong Market Presence: Vdeal System has established a solid reputation in the electrical and automation sector, enhancing customer loyalty.
- Diverse Product Portfolio: The company offers a wide range of products and services, reducing dependency on any single revenue stream.
- Improving Financial Performance: Vdeal System has demonstrated revenue growth and profitability, indicating a positive financial trajectory.
- Attractive Valuation: With a lower Price/Earnings (P/E) ratio compared to peers, the IPO presents an appealing investment opportunity.
- Experienced Management: The company is led by a knowledgeable management team with extensive industry experience, driving strategic growth.
Cons of Vdeal System IPO
- High Debt Levels: Significant debt obligations may impact financial stability and limit future growth opportunities.
- Limited Scale of Operations: Operating on a smaller scale compared to larger competitors may hinder competitiveness in pricing and market reach.
- Dependency on Key Clients: Revenue concentration from a few major clients poses a risk if business relationships change.
- Lack of Institutional Investor Participation: The absence of existing investor participation may raise concerns about growth prospects.
- The concentration of Promoter Shareholding: High promoter ownership (66.97% post-IPO) indicates concentrated control, which may affect governance and decision-making.
Frequently Asked Questions (FAQs) about Vdeal System IPO
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The Vdeal System IPO is a fixed price issue of ₹18.08 crores, comprising a fresh issue of 16.14 lakh shares.
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The IPO price is fixed at ₹112 per share.
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The minimum lot size for an application is 1,200 shares, which translates to a minimum investment of ₹134,400 for retail investors.
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The Vdeal System IPO will open for subscription on August 27, 2024, and close on August 29, 2024.
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The company’s shares are expected to list on the NSE SME platform on September 3, 2024.
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The company plans to utilize the IPO proceeds to enhance working capital, repay loans, and cover general corporate expenses.
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High Net-worth Individuals (HNIs) need to invest a minimum of ₹268,800, which corresponds to two lots (2,400 shares).
