Vdeal System IPO
IPO Listing Details
- Listing Date
03 Sep 2024
- Listing Price
₹ 170.00
- Listing Change
51.79%
- Last Traded Price
₹ 146.30
IPO Details
- Open Date
27 Aug 2024
- Close Date
29 Aug 2024
- IPO Price Range
₹ 112
- IPO Size
₹ 18.08 Cr
- Listing Exchange
NSE SME
- Listing Date
03 Sep 2024
IPO Timeline
Vdeal System IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Aug-24 | - | 1.21 | 7.64 | 4.43 |
| 28-Aug-24 | - | 4.18 | 22.21 | 13.19 |
| 29-Aug-24 | - | 61.26 | 75.16 | 70.51 |
Last Updated: 29 August 2024 6:14 PM by 5Paisa
Last Updated: 29th August 2024, 5:45 PM by 5paisa
Vdeal System IPO is set to open on 27 August 2024 and will close on 29 August 2024. The company is a comprehensive provider of integrated electrical and automation solutions.
The IPO includes a fresh issue of 16,14,000 shares aggregating up to ₹18.08 Cr. The price is ₹112 per share and the lot size is 1200 shares.
The allotment is scheduled to be finalised on 30 August 2024. It will go public on NSE SME, with a tentative listing date of 03 September 2024.
Affinity Global Capital Market Pvt Ltd is the book-running lead manager, while Cameo Corporate Services Ltd is the registrar.
Vdeal System IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 18.08 |
| Offer For Sale | - |
| Fresh Issue | 18.08 |
Vdeal System IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | 1,34,400 |
| Retail (Max) | 1 | 1200 | 1,34,400 |
| HNI (Min) | 2 | 2400 | 2,68,800 |
Vdeal System IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 61.26 | 7,66,200 | 4,69,39,200 | 525.72 |
| Retail | 75.16 | 7,66,200 | 5,75,86,800 | 644.97 |
| Total | 70.51 | 15,32,400 | 10,80,42,000 | 1,210.07 |
1. To meet the working capital requirements.
2. Prepayment and repayment of all or a portion of certain secured and unsecured loans.
3. General Corporate Purpose.
4. To meet the Offer expenses.
Incorporated in December 2009, Vdeal System Limited is a comprehensive provider of integrated electrical and automation solutions. The company specialises in 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. Additionally, they offer air-insulated and sandwich bus ducts. Vdeal System Limited provides in-house product design and development, manufacturing, system integration, and servicing of automation solutions and smart electrical control panels that adhere to stringent international IEC quality and safety standards.
The company holds ISO 9001:2015 certification. Their product portfolio features advanced solutions such as Sense IoT Gateway, Reveal Sense Node, and REVNET IIoT Platform. Vdeal’s manufacturing facility is located in Bhubaneswar, Odisha.
As of August 20, 2024, the company has 65 employees on its payroll.
Peers
1. Akanksha Power and Infrastructure Ltd
2. Saakshi Medtech and Panel Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 26.25 | 20.75 | 16.24 |
| EBITDA | 5.36 | 2.40 | 1.40 |
| PAT | 3.11 | 1.10 | 0.23 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 27.28 | 15.44 | 11.42 |
| Share Capital | 3.28 | 0.30 | 0.30 |
| Total Borrowings | 9.38 | 6.21 | 6.40 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 1.35 | 1.12 | -0.12 |
| Net Cash Generated From / (used in) investing activities | -3.63 | -0.08 | -0.11 |
| Net Cash Generated From / (used in) financing activities | 2.24 | -0.94 | -0.53 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.04 | 0.09 | -0.76 |
Strengths
1. Vdeal System Limited offers a diverse range of smart electrical and automation solutions catering to varied industrial needs.
2. The company adheres to international IEC standards and is ISO 9001:2015 certified, ensuring superior product quality and safety.
3. With in-house product design, development, manufacturing, and system integration, Vdeal maintains tight control over quality and innovation.
4. With over a decade of experience in the electrical and automation sector, the company has built a strong reputation for reliability and expertise.
5. The manufacturing unit in Bhubaneswar provides logistical advantages, serving regional and national markets efficiently.
Risks
1. Vdeal operates in a specialised segment, making it vulnerable to fluctuations in demand for automation and smart electrical systems.
2. With only 65 employees, the company’s operational efficiency is heavily reliant on a small workforce.
3. The demand for industrial automation solutions is tied to overall economic health and capital expenditure cycles.
4. The rapid advancement in technology may require constant innovation and investment, posing a challenge for maintaining a competitive edge.
5. Concentration of manufacturing operations in one location may expose the company to risks associated with regional disruptions or regulatory changes.
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FAQs
Vdeal System IPO opens from 27th August to 29th August 2024.
The size of the Vdeal System IPO is ₹18.08 Cr.
The price of Vdeal System IPO is fixed at ₹112 per share.
To apply for Vdeal System IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Vdeal System IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Vdeal System IPO is 1,200 shares and the investment required is ₹1,34,400.
The share allotment date of Vdeal System IPO is 30 August 2024.
The Vdeal System IPO will be listed on 03rd September 2024.
Affinity Global Capital Market Pvt Ltd is the book-running lead manager for Vdeal System IPO.
Vdeal System plans to utilize the raised capital from the IPO for:
1. To meet the working capital requirements.
2. Prepayment and repayment of all or a portion of certain secured and unsecured loans.
3. General Corporate Purpose.
4. To meet the Offer expenses.
Contact Information
Vdeal System
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 Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Vdeal System IPO Lead Manager
Affinity Global Capital Market Private Limited
