Vdeal System IPO - AstroIPO

Vdeal System IPO


August 24, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Vdeal System Ltd., an electric equipment manufacturer in the capital goods sector, is offering its Initial Public Offering (IPO) from August 27-29, 2024. The company aims to raise ₹18.08 crore by issuing 16.14 lakh shares at a fixed price of ₹112 per share.

The IPO presents an chance to buy into a company with a strong pre-IPO promoter holding of 99.97%. Retail subscribers can apply for a minimum of 1,200 shares, with a maximum retail application limit of ₹500,000.

Vdeal System Ltd. will be listed on the National Stock Exchange (NSE), opening doors for public trading. The face value of each share is ₹10, indicating a premium of ₹102 per share in the offer price.

Affinity Global Capital Market Pvt Ltd. is managing the IPO, while Cameo Corporate Services Ltd. serves as the registrar.

Vdeal System IPO Details

IPO Size 18.08
Price Range ₹112
Retail Quota 50%
QIB Quota --
NII Quota 50%
Employee Discount --
Listing at NSE
Minimum Quantity 1200
Investment (cut-off price) ₹134,400
Pre IPO Promotor Holding 99.97%
Post IPO Promotor Holding 66.96%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Vdeal System IPO Timelines

27/08/2024
Start Date
29/08/2024
End Date
30/08/2024
Allotment Date View Status
02/09/2024
Refund Initiation
02/09/2024
Credit of Shares to Demat Ac
03/09/2024
Listing Date

Vdeal System IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 1200 ₹134,400
Retail Maximum 1 1200 ₹134,400
HNI Minimum 2 2400 ₹268,800

Vdeal System IPO Subscription Status

QIB NII Retail EMP Total
-- 61.46 x 76.70 x -- 71.38 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹170 ₹178.50 ₹178.50 ₹161.50

Vdeal System IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹16.24 ₹15.93 ₹0.23
FY 2022 ₹20.75 ₹19.27 ₹1.10
FY 2022 ₹26.25 ₹21.99 ₹3.11

About Company

Vdeal System Limited, originally incorporated as Swastik Energy System Private Limited on December 10, 2009, in Bhubaneswar, Orissa, underwent a significant transformation over the years. On April 1, 2017, the company acquired the ongoing business of the partnership firm M/s. Vdeal System and changed its name to Vdeal System Private Limited on April 4, 2017.

On January 16, 2024, the company transitioned to a public limited company, adopting the name Vdeal System Limited. The company specialises in providing a range of electrical and automation solutions, including Smart Low-Voltage (LV) panels, Smart Medium-Voltage (MV) panels, Smart Variable-Frequency Drive (VFD) panels, and Energy Management Systems (EMS).

It offers products adhering to high international IEC standards of quality and safety. With strategic business relationships with global electrical players, Vdeal System Limited maintains a competitive edge in the industry.

Vdeal System Limited is also at the forefront of AI-driven innovation, integrating the Internet of Things (IoT), AI, and Machine Learning (ML) into its solutions. This focus on technological advancement aims to enhance communication between people, processes, and things.

The company provides automated solutions across various industries, including manufacturing, energy, building automation, transportation, telecommunications, healthcare, retail, hospitality, and data centres. The company’s mission is to deliver high-quality, competitively priced products and services that exceed customer expectations, emphasising innovative and intelligent electrical solutions.

Incorporation Date Sector Managing Director
2009 Electricals Dhiraj Kochar

Know Before Investing

Vdeal System IPO Strengths

  • The company excels in tailoring electrical control panels to meet specific customer requirements.
  • The company adopts best practices to ensure efficient production and effective supply chain management.
  • Vdeal System benefits from its strategic location in Bhubaneswar, Orissa, enhancing its market reach and operational efficiency.
  • The company offers competitive pricing to maintain market share and address customer needs effectively.
  • Vdeal System has built a robust brand reputation through quality products, ethical practices, and strategic partnerships.

Vdeal System IPO Risks

  • Disruptions or cost increases from key suppliers could affect production and profitability.
  • Delays in obtaining or renewing licenses could disrupt business operations.
  • Failure to keep up with technological changes could hinder growth and competitiveness.
  • Increases in transportation costs or disruptions in services could affect product delivery and overall business operations.
  • Using funds to repay loans might limit available capital for business expansion and investment.

Swot Analysis for Vdeal System IPO

Strengths

Weaknesses

Opportunities

Threats

Company Details

Vdeal System Limited

Plot No. 4/A
A, 4/B & 6, Janla Industrial Area
Khordha, Jatni – 752054

Phone: + 91 0674 291067

Email: [email protected]

Website: http://www.vdealsystem.com/

IPO Registar Details

Cameo Corporate Services Limited

Phone: +91-44-28460390

Email: [email protected]

Website: https://ipo.cameoindia.com/

FAQs

The key objectives of Vdeal System IPO are:

  • Allocate ₹702.58 lakh to cover essential working capital expenses, ensuring smooth operational efficiency and business continuity.
  • Use ₹463.95 lakh for the prepayment and repayment of existing secured and unsecured loans, reducing financial liabilities and interest obligations.
  • ₹370.00 lakh will be utilised for general corporate purposes, supporting various business activities and strategic initiatives.
  • The remaining funds will be used to cover the costs associated with the offer.

 

Affinity Global Capital Market Private Limited are the book-running lead managers for the Vdeal System IPO.

Leave a Reply

Your email address will not be published. Required fields are marked *