Vdeal System Limited IPO Overview
The Vdeal System IPO is a fixed-price issue, raising ₹18.08 crores through the sale of 16.14 lakh fresh shares.
The subscription window for the Vdeal System IPO is open from August 27, 2024, to August 29, 2024. The share allotment is expected to be finalized on Friday, August 30, 2024, with the IPO listing on NSE SME tentatively scheduled for Tuesday, September 3, 2024.
Priced at ₹112 per share, the minimum lot size for retail investors is 1,200 shares, requiring an investment of ₹134,400. High Net Worth Individuals (HNIs) must apply for at least 2 lots (2,400 shares), amounting to an investment of ₹268,800.
Affinity Global Capital Market Private Limited is serving as the book-running lead manager for the Vdeal System IPO, with Cameo Corporate Services Limited acting as the registrar. Black Fox Financial is the market maker for this issue.
For more detailed information, please refer to the Vdeal System IPO Red Herring Prospectus (RHP).
Vdeal System Limited IPO Important dates
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 |
| The 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 |
Vdeal System Limited Financial Performance
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 | ₹27.28 Cr | ₹15.44 Cr | ₹11.42 Cr |
| Revenue | ₹26.25 Cr | ₹20.75 Cr | ₹16.24 Cr |
| Profit After Tax | ₹3.11 Cr | ₹1.10 Cr | ₹0.23 Cr |
| Net Worth | ₹6.29 Cr | ₹3.42 Cr | ₹2.32 Cr |
| Reserves and Surplus | ₹3.01 Cr | ₹3.12 Cr | ₹2.02 Cr |
| Total Borrowing | ₹9.38 Cr | ₹6.21 Cr | ₹6.40 Cr |
Vdeal System Limited IPO Key Performance Indicator
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 |
Vdeal System Limited IPO Objectives
The company intend to utilize the issue proceeds to meet the following objectives:
- To meet the working capital requirements
- Prepayment and repayment of all or a portion of certain secured and unsecured loans availed by the company
- General Corporate Purpose and
- To meet the Offer expenses
Vdeal System Limited IPO Lot Size
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 |
Vdeal System Limited IPO Details
| 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 |
| Shareholding pre-issue | 3,276,460 |
| Shareholding post issue | 4,890,460 |
| Market Maker portion | 81,600 shares |
Vdeal System Limited: Company Overview and Services
Incorporated in December 2009, Vdeal System Limited is a renowned provider of integrated electrical and automation solutions. The company is known for its expertise in designing and manufacturing advanced Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starters, Energy Management Systems (EMS), and Smart Programmable Logic Controller (PLC) panels. Additionally, the Vdeal System offers air-insulated and sandwich bus ducts.
Vdeal System Limited takes pride in offering comprehensive services, including in-house product design and development, manufacturing, system integration, and maintenance of automation solutions. All their smart electrical control panels meet stringent international IEC standards for quality and safety.
As an ISO 9001:2015 certified company, Vdeal System Limited is committed to delivering high-quality solutions. Their diverse product portfolio includes cutting-edge technologies such as the Sense IoT Gateway, Reveal Sense Node, and REVNET IIoT Platform.
The company’s state-of-the-art manufacturing facility is located in Bhubaneswar, Orissa, ensuring the highest standards of production and quality control.
As of August 20, 2024, Vdeal System Limited employs 65 skilled professionals, dedicated to driving innovation and excellence in the field of electrical and automation solutions.
Vdeal System Limited IPO GMP Details
As of August 29, 2024, 03:55 PM, the GMP for the Vdeal System SME IPO stands at ₹26. With a price band set at ₹112.00, the estimated listing price for Vdeal System SME IPO is ₹138, combining the cap price with today’s GMP. This results in an expected percentage gain of 23.21% per share.
The GMP has ranged from a low of ₹0 to a high of ₹26. Stay tuned for the latest updates on the daily price trend of Vdeal System SME IPO GMP and its anticipated listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 29-08-2024 Close | 112.00 | ₹26  |
23700 | ₹138 (23.21%) | 29-Aug-2024 |
| 28-08-2024 | 112.00 | ₹22 |
20100 | ₹134 (19.64%) | 28-Aug-2024 |
| 27-08-2024 Open | 112.00 | ₹20 |
18200 | ₹132 (17.86%) | 27-Aug-2024 |
| 26-08-2024 | 112.00 | ₹15 |
13700 | ₹127 (13.39%) | 26-Aug-2024 |
| 25-08-2024 | 112.00 | ₹0  |
— | ₹112 (0%) | 25-Aug-2024 |
Vdeal System Limited IPO subscription status
Vdeal System IPO subscribed 70.30 times. The public issue subscribed 74.78 times in the retail category, times in QIB, and 61.22 times in the NII category by August 29, 2024.
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Market Maker | 1 | 81,600 | 81,600 | 0.91 |
| Non-Institutional Buyers*** | 61.22 | 7,66,200 | 4,69,04,400 | 525.33 |
| Retail Investors | 74.78 | 7,66,200 | 5,73,00,000 | 641.76 |
| Total ** | 70.30 | 15,32,400 | 10,77,20,400 | 1,206.47 |
Total Application: 47,750
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- ***: Market Maker portion is not included in NII/HNI.
| Date | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Aug 27, 2024 |
1.22 | 7.80 | 4.51 |
| Day 2 Aug 28, 2024 |
4.18 | 22.44 | 13.31 |
| Day 3 Aug 29, 2024 |
61.22 | 74.78 | 70.30 |
Vdeal System Limited IPO Allotment status
The allotment status of the Vdeal System IPO is expected to be available on August 30, 2024.
Vdeal System IPO allotment status is not available at this time. Vdeal System IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Vdeal System Limited IPO allotment status.
To check the Vdeal System IPO allotment status, follow the steps below:
- Click on the allotment status check button below.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Cameo Corporate Services Limited either by phone or email. Investors can call on +91-44-28460390 or send an email with all relevant details to investor@cameoindia.com.
Vdeal System Limited Contact Details
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/
Here is the list of Upcoming SME IPO in August 2024
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and there is no guarantee of financial returns. The information provided should not be construed as financial or investment advice. Prospective investors are advised to carefully consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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