The Vdeal System IPO is scheduled to open on August 27, 2024, and will close on August 29, 2024. This offering is structured as a Fixed Price Issue, aiming to raise approximately ₹18.08 crores. Specifically, the IPO includes a fresh issue of ₹18.08 crores, in addition to an offer for the sale of up to 1,614,000 equity shares, each with a face value of ₹10.
Table of contents
- Vdeal System IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Vdeal System IPO GMP (Grey Market Premium)
- Vdeal System IPO Application Form PDF
- Vdeal System IPO Subscription Status
- Vdeal System IPO Allotment Status
- IPO Review
- Vdeal System IPO Registrar
- Vdeal System IPO Lead Manager
- Vdeal System Limited Contact
- FAQs
Vdeal System IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Vdeal System Limited |
| Industry | Industrial Automation |
| IPO Issue Type | Fixed Price Issue |
| Open Date | August 27, 2024 |
| Close Date | August 29, 2024 |
| Total Issue Size | ₹18.08 Crores(1,614,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹18.08 Crores (1,614,000 Equity Shares) |
| Price Band | ₹112 Per Share |
| Listing on | NSE SME |
| Lot Size | 1200 shares |
| Offer for Sale | 1,614,000 Shares |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 0% |
| Shares Offered to HNI | 50% |
Company Details
Vdeal System Ltd. stands as a leading provider of solutions in Electrical Panels, Process Instrumentation, Industrial Automation, and Industrial IoT (I-4). Additionally, With over 20 years of expertise, the company has honed its specialization in engineering and system integration, effectively addressing customers’ needs and challenges. As a Premium System Integrator, Vdeal System Ltd. has consequently earned top rankings in the Eastern region from various multinational corporations and clients.
Founded in December 2009, Vdeal System Ltd. provides integrated electrical and automation solutions. Specializing in a range of products, they offer Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, and Smart Variable Frequency Drive (VFD) panels. Additionally, their expertise includes Medium Voltage (MV) Soft Starters, Energy Management Systems (EMS), and Smart Programmable Logic Controller (PLC) panels. Additionally, they provide air-insulated and Sandwich bus ducts. Their comprehensive services encompass in-house product design and development, manufacturing, system integration, and servicing of automation solutions and smart electrical control panels, all adhering to high international IEC standards for quality and safety.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | August 27, 2024 |
| IPO Close Date | August 29, 2024 |
| Basis of Allotment | August 30, 2024 |
| Refunds | September 2, 2024 |
| Credit to Demat Account | September 2, 2024 |
| IPO Listing Date | September 3, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹27.27 | ₹15.44 | ₹11.42 |
| Revenue | ₹26.25 | ₹20.75 | ₹16.23 |
| Profit After Tax | ₹3.11 | ₹1.10 | ₹0.23 |
| Net Worth | ₹6.28 | ₹3.41 | ₹2.31 |
| Reserves and Surplus | ₹3.01 | ₹3.12 | ₹2.01 |
| Total Borrowing | ₹9.37 | ₹6.21 | ₹6.39 |
Objective of the Issue
- The funds will be utilized to meet working capital requirements. Additionally, they will be used for the prepayment or repayment of a portion, or possibly all, of certain secured and unsecured loans taken by the company.
- Additionally, a portion will be allocated towards general corporate purposes and to cover the expenses related to the offer.
Company Promoters
- Mr. Dhiraj Kochar
- Mrs. Tapaswini Panda
- Mr. Brahmananda Patra
- Reveal AI Technologies Private Limited
Vdeal System IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Vdeal System IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Vdeal System Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Vdeal System IPO Application Form PDF
To download the Vdeal System IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Vdeal System IPO Subscription Status
This IPO subscription kicks off on August 27, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Vdeal System IPO Allotment Status
To check the Vdeal System IPO allotment status go to the IPO registrar website Cameo Corporate or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Vdeal System Ltd, a leading manufacturer in the Eastern region of India, excels in producing smart LV and MV electrical control panels. Furthermore, the company specializes in industrial automation and industrial IoT solutions.
- Additionally, the company benefits from its strategic location in Bhubaneswar, Orissa. This area is not only rich in essential mineral resources but also provides a stable industrial environment, supported by favorable investment policies.
- Additionally, Vdeal System Ltd. remains competitive by offering attractive pricing, enabling it to maintain a strong market position despite intense competition.
Risks:
- The company relies heavily on third-party transportation providers for the delivery of raw materials and products. Consequently, any increase in transportation costs or disruption in transportation services could adversely impact the business and its profitability.
- Moreover, the company depends on its top 10 customers for nearly 55% of its revenue. Therefore, a reduction in business from these major clients could negatively affect both revenue and profitability.
- Additionally, the company generates a significant portion of its revenue from the Eastern part of India. Thus, any loss of business in these states could substantially impact its revenues and overall profitability.
Vdeal System IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700, 28460390
Email: ipo@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. 1G, Kolkata – 700069
Phone: +91 33 4004 7188
Email: compliance@affinityglobal.in
Website: www.affinityglobalcap.in
Vdeal System Limited Contact
VDEAL SYSTEM LIMITED
Plot No. 4/A, 4/B & 6, Janla Industrial Area,
Jatni Khordha, Janla– 752054, Orissa, India
Phone: +91 0674 2910670
E-mail: compliance@vdealsystem.com
Website: www.vdealsystem.com
FAQs
Vdeal System’s offer size is INR 18.08 crores.
Vdeal System’s public offer price is INR 112 per share.
Vdeal System offers a lot size is 1,200 shares.
For Vdeal System IPO GMP please refer to this IPO GMP Page.
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