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Vdeal System IPO is a fixed price issue of Rs 18.08 crores. The issue is entirely a fresh issue of 16.14 lakh shares.
Vdeal System IPO opens for subscription on August 27, 2024 and closes on August 29, 2024. The allotment for the Vdeal System IPO is expected to be finalized on Friday, August 30, 2024. Vdeal System IPO will list on NSE SME with tentative listing date fixed as Tuesday, September 3, 2024.
Vdeal System IPO price is ₹112 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹134,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹268,800.
Affinity Global Capital Market Private Limited is the book running lead manager of the Vdeal System IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Vdeal System IPO is Black Fox Financial.
Refer to Vdeal System IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 3,276,460 |
| Share holding post issue | 4,890,460 |
| Market Maker portion | 81,600 shares Black Fox Financial |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
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 |
| 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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹134,400 |
| Retail (Max) | 1 | 1200 | ₹134,400 |
| HNI (Min) | 2 | 2,400 | ₹268,800 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Dhiraj Kochar, Mrs. Tapaswini Panda, Mr. Brahmananda Patra and Reveal AI Technologies Private Limited.
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue | 66.96% |
Incorporated in December 2009, Vdeal System Limited is an Integrated Electrical and Automation solution provider. The company specializes in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starter, Energy Management System (EMS), and Smart Programmable Logic Controller (PLC) panels. They also offer air-insulated & Sandwich bus ducts. Their services include in-house product design & development, manufacturing, system integration, and servicing of automation solutions and smart electrical control panels that comply with high international IEC standards for quality and safety.
The company is ISO 9001:2015 certified company.
The company's product portfolio includes seveal Sense IoT Gateway, Reveal Sense Node and REVNET IIoT Platform.
The manufacturing unit of the company is situated in Bhubaneswar, Orissa.
As of August 20, 2024, the company has employed 65 employees on its payroll.
Vdeal System Limited's revenue increased by 26% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||
The market capitalization of Vdeal System IPO is Rs 54.77 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 49.52% |
| ROCE | 32.83% |
| Debt/Equity | 1.49 |
| RoNW | 49.52% |
| P/BV | 5.84 |
| PAT Margin (%) | 11.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.5 | 6.37 |
| P/E (x) | 11.79 | 17.59 |
The company intend to utilize the issue proceeds to meet the following objects:
[Dilip Davda] The company is an emerging niche player in integrated electrical and automation solutions. It has tie-up with global leaders in the segment and that provides it an edge over others. Last three fiscals’ performance indicates likely trends going forward. Small equity capital post IPO indicates longer gestation for migration. Though the issue appears fully priced, investors may park funds for the long term. Read detail review...
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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Vdeal System IPO is a SME IPO of 1,614,000 equity shares of the face value of ₹10 aggregating up to ₹18.08 Crores. The issue is priced at ₹112 per share. The minimum order quantity is 1200 Shares.
The IPO opens on August 27, 2024, and closes on August 29, 2024.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vdeal System IPO using UPI as a payment gateway. Zerodha customers can apply in Vdeal System IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vdeal System IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vdeal System IPO opens on August 27, 2024 and closes on August 29, 2024.
Vdeal System IPO lot size is 1200 Shares, and the minimum amount required is ₹134,400.
You can apply in Vdeal System IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vdeal System IPO will be done on Friday, August 30, 2024, and the allotted shares will be credited to your demat account by Monday, September 2, 2024. Check the Vdeal System IPO allotment status.
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