Vdeal System Limited IPO
NSE SMEListed On: Sep 3, 2024 at ₹ 170.0
₹ 268800 /2400 Shares
*Min Investment
27 Aug, 2024
Open Date29 Aug, 2024
Close Date30 Aug, 2024
Allotment Date03 Sep, 2024
Listing DateVdeal System IPO Issue Details
- Issue Price ₹112 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 16,14,000 shares(aggregating up to ₹18.08 crore)
- Fresh Share 16,14,000 shares(aggregating up to ₹18.08 crore)
- Listing at NSE SME
- List Price 170.0
- Listing Date 2024-09-03
- Lead Manager Affinity Global Capital Market Private Limited
- Registrar Cameo Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following 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 | ₹1,34,400 |
| Retail(max) | 1 | 1200 | ₹1,34,400 |
| NII (min) | 2 | 2,400 | ₹2,68,800 |
Vdeal System IPO Reservation
Vdeal System IPO offers total 16,14,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,7,66,200 (47.47%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 81,600 (5.06%) | |
| Retail Shares Offered | 7,66,200 (47.47%) | |
| Total Shares Offered | 16,14,000 (100%) |
Vdeal System IPO Details
Vdeal System Limited IPO is an SME IPO, priced at ₹112 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 16,14,000 equity shares, aggregating up to ₹18.08 crores..
The IPO bidding window is open from Aug 27, 2024 to Aug 29, 2024. The allotment is expected to be finalized on Aug 30, 2024, and the tentative listing date is Sep 3, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,34,400. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,68,800.
Affinity Global Capital Market Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Black Fox Financial Private Limited will act as the market maker for this issue.
Vdeal System IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 766,200 | 766,200 | 1,532,400 |
Day 1 27-08-24 06:00 PM | 1.22 x | 7.80 x | 4.51 x |
Day 2 28-08-24 06:00 PM | 4.18 x | 22.44 x | 13.31 x |
Day 3 29-08-24 06:00 PM | 61.35 x | 74.99 x | 68.17 x |
Vdeal System Valuations
Vdeal System Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 & Surplus | 301.1 | 312.04 | 201.95 |
| Total Borrowing | 937.67 | 621.02 | 639.51 |
About Vdeal System Company
In December 2009, Vdeal System Limited was incorporated as an Integrated Electrical and Automation solution provider. They specialize 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 have 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 an ISO 9001:2015 certified company.
The following are some of the prominent products of the company: seveal Sense IoT Gateway, Reveal Sense Node, and REVNET IIoT Platform.
The manufacturing unit of the company is located in Bhubaneswar, Orissa.
As of August 20, 2024, the company has 65 employees on its payroll.
Vdeal System - Promoter(s)
Mr. Dhiraj Kochar, Mrs. Tapaswini Panda, Mr. Brahmananda Patra and Reveal AI Technologies Private Limited
Pre Issue Share Holding : 99.97%
Post Issue Share Holding : 66.96%
Vdeal System IPO - Issue Objectives
To meet the working capital requirements
Prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company
General Corporate Purpose
To meet the Offer expenses
Vdeal System IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Vdeal System Limited | 9.5 | 9.5 | 19.19 | 11.79 | 49.52 | 5.89 | Standalone |
| Akanksha Power And Infrastructure Limited | 1.82 | 1.82 | 24.35 | 72.45 | 5.9 | 5.46 | Standalone |
| Saakshi Medtech And Panels Limited | 6.41 | 6.41 | 52.86 | 40.25 | 12.11 | 4.96 | Standalone |
Notes:
- Considering the company's nature and turnover of business, the peers are not strictly comparable. However, the same has been included for broader comparison.
- The figures for Vdeal System Limited are based on the restated financial results for the year ended 2023-24.
- The figures for the peer group are based on standalone audited results for the respective year ended March 31, 2024.
Contact Details
Vdeal System
Plot No. 4/A, A, 4/B & 6, Janla Industrial Area, Khordha, Jatni - 752054
+ 91 0674 291067
Registrar Contact Details
Vdeal System IPO - FAQs
Ans. Vdeal System Limited IPO is a SME IPO. The issue is priced at ₹112 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Aug 27, 2024, and closes on Aug 29, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Vdeal System Limited IPO opens on Aug 27, 2024 and closes on Aug 29, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Vdeal System Limited IPO is 1,614,000 shares(aggregating up to ₹18.08 Cr).
Ans. The Vdeal System Limited IPO price band is set between ₹112 per equity share.
Ans. To apply for Vdeal System Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Vdeal System Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Vdeal System Limited IPO is Aug 30, 2024.
Ans. The Vdeal System Limited IPO will be listed on Sep 3, 2024.
Ans. Follow the steps to check the Vdeal System Limited IPO allotment status online.
