Vdeal System Limited IPO
Vdeal System Limited IPO opens on August 27, 2024, and closes on August 29, 2024. The allotment for the Vdeal System Limited IPO is anticipated to be completed on Friday, August 30, 2024. The IPO will be tentatively listed on the SME and NSE on Tuesday, September 3, 2024.
The Vdeal System Limited IPO’s price band is Rs 112 per share. The IPO is a book-built issue of Rs 18.08 crores. crores, an entirely new issue of 16.14 lakh shares.
Vdeal System IPO Details
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹112 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,614,000 shares (aggregating up to ₹18.08 Cr) |
| Fresh Issue | 1,614,000 shares (aggregating up to ₹18.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 3,276,460 |
| Shareholding post-issue | 4,890,460 |
| Market Maker portion | 81,600 shares |
Vdeal System IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹134,400 |
| Retail (Max) | 1 | 1200 | ₹134,400 |
| S-HNI (Min) | 2 | 2400 | ₹268,800 |
Vdeal System IPO Objectives
The company intends to utilize the issue proceeds to meet the following objectives:
- General Corporate Purpose
- To meet the working capital requirements
- Prepayment and repayment of all or a portion of certain secured and unsecured loans availed by the company
- To meet the Offer expenses
About Vdeal System Limited
Founded in December 2009, Vdeal System Limited is a premier provider of integrated electrical and automation solutions, offering a range of products including Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, MV Soft Starters, Energy Management Systems (EMS), and Smart Programmable Logic Controller (PLC) panels. They also supply air-insulated and Sandwich bus ducts. The company boasts ISO 9001:2015 certification and operates a state-of-the-art manufacturing facility in Bhubaneswar, Orissa. Their comprehensive services encompass in-house product design, development, manufacturing, system integration, and maintenance, adhering to stringent international IEC quality and safety standards. Vdeal System Limited’s product lineup features advanced technologies like the Sense IoT Gateway, Reveal Sense Node, and REVNET IIoT Platform. As of August 20, 2024, the company employs a dedicated team of 65 professionals.
Vdeal System Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,727.93 | 1,544.44 | 1,142.33 |
| Revenue | 2,625.08 | 2,075.41 | 1,623.96 |
| Profit After Tax | 311.38 | 110.09 | 23.1 |
| Net Worth | 628.75 | 341.83 | 231.73 |
| Reserves and Surplus | 301.1 | 312.04 | 201.95 |
| Total Borrowing | 937.67 | 621.02 | 639.51 |
| Amount in ₹ Lakhs |
Vdeal System IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Vdeal System IPO Timeline
Vdeal System IPO opens on August 27, 2024, and closes on August 29, 2024.
| IPO Open Date | Tuesday, August 27, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| A credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Key Performance Indicator
The market capitalization of Vdeal System IPO is Rs 54.77 Cr.
KPI as of March 31, 2024.
Vdeal System IPO Promoter Holding
The company’s promoters are Mr. Dhiraj Kochar, Mrs. Tapaswini Panda, Mr. Brahmananda Patra, and Reveal AI Technologies Private Limited.
| KPI | Values |
| ROE | 49.52% |
| ROCE | 32.83% |
| Debt/Equity | 1.49 |
| RoNW | 49.52% |
| PAT Margin (%) | 11.87 |
| P/BV | 5.84 |
| Share Holding Pre-Issue | 99.97% |
| Share Holding Post Issue | 66.96% |
