Vdeal System Limited IPO

NiftyTrader • August 26, 2024

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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