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Vdeal System IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

Vdeal System IPO

#1. Quick Intro to Vdeal System IPO

The initial public offering (IPO) of Vdeal System will open for subscription on August 27 and close on August 29, comprising issues of Rs.18.08 crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on September 03, 2024.  

Vdeal System Limited (2009) is engaged in providing solutions for Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Smart Programmable Logic Controller (PLC) panels, Air-insulated & Sandwich busducts backed by In-house Product design & development, manufacturing, system integration, servicing of automation solutions and smart electrical control panels that adhere to high international IEC standards of quality and safety. The Company has business relationships with global electrical players. Such strategic tie-ups with renowned brand owners give us an edge over our competitors. Our Company is a growing Integrated Electrical and Automation solution provider dealing in comprehensive electrical solutions across industries with a significant presence in multiple Industry segments. Our products are supplied to industry players through a business-to-business (B2B) model.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Vdeal System    

The company intends to use the IPO Funds for the following purposes: 

  1. To meet prepayment or repayment of certain borrowing availed by the company 
  2. Funding to meet the working capital requirement of the company
  3. General corporate purposes and issue expenses. 

#3. Vdeal System Core Strengths 

  1. Location advantage and competitive price
  2. Quality control and safety commitment 
  3. Best practices for efficient production process and supply chain management
  4. Experienced promoters and management team

#4. Vdeal System IPO Review & Rating

Issue Size  Rs.18.08 crore
Issue Price  Rs.112 per share 
Minimum Lot Size 1200 Shares
Total Profit (Latest)  Rs.311.38 Lakhs
ROE (%) 49.52
RONW (%) 32.83
Listing on NSE (SME)
IPO Deliver Rating Two

 

#5. Vdeal System IPO Dates, Price Band & Details

Vdeal System IPO will open on August 27, 2024, and close on August 29, 2024. The IPO is to be listed on September 03, 2024.  

Type of issue Fixed Price Issue IPO
Issue Size Rs.18.08 crore
Price Brand Rs.112 per share
Face Value Rs. 10/- per share
IPO Open Date August 27, 2024
IPO Close Date August 29, 2024
IPO Allotment Date August 30, 2024
Refund Date September 02, 2024
Share Credit Date September 02, 2024
Listing Date September 03, 2024

 

#6. Vdeal System IPO Offer Details

Vdeal System IPO’s total issue size is 16,14,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue         16,14,000     Rs.18.08
Offer for Sale (OFS)

 

#7. Vdeal System Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue 2625.08 2075.41 1623.96
Net Worth 628.75 341.83 231.73
Profit 311.38 110.09 23.10
Total Borrowings 937.67 621.02 639.51

 

Click here for the previous SME IPO

#8. Vdeal System Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category March 2024 March 2023 March 2022
EPS (Rs.) 9.50 3.36 0.70
RoNW (%) 49.52 31.21 9.97
NAV (Rs.) 19.19 10.43 7.07

 

#9. Vdeal System Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(In Lakhs)

RoNW (%) NAV
Akanksha Power 266.13 5.90 24.35
Saakshi Meditech 1130.64 12.11 52.86

 

#10. Vdeal System Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Dhiraj Kochar
02. Tapaswani Panda
03. Brahamanda Patra

 

#11. Vdeal System Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  99.97
Post-issue 66.96

 

#12. Vdeal System IPO Reservation Details

Vdeal System IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB/others Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 50% of the Net Offer
NII Shares Offered

 

#13. Vdeal System IPO – Lot Size

An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1200 1,34,400
Retail (Max.) 1 1200 1,34,400
HNI (Min.) 2 2400 2,68,800

 

#14. Vdeal System IPO – Prospectus Copy

An investor can download/view the Vdeal System prospectus copy, which the company filed to exchange, details are as follows. 

Vdeal System IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Vdeal System IPO Registrar 

Cameo Corporate Services Limited 

Website: www.cameoindia.com

#16. Vdeal System IPO Lead Managers

Affinity Global Capital Market Private Limited 

Website: www.affinityglobalcap.in

#17. Vdeal System IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Vdeal System IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Vdeal System Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Vdeal System Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Vdeal System Company Details

Vdeal System Limited 

Registered Office: Plot No. 4/A, 4/B & 6, Janla Industrial Area, Khordha, Jatni – 752054, Orissa, India.

Email: compliance@vedalsystem.com

Website: www.vedalsystem.com

#19. Vdeal System Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01.
02.

 

#20. Vdeal System Company Board (Top 2)

Sr. No. Name of Directors
01. Dhiraj Kochar
02. Tapaswani Panda

 

Vdeal System IPO – Frequently Asked Questions (FAQs)

#1. What is a Vdeal System IPO?

Vdeal System brings its IPO of Rs.18.08 crore, on August 27, 2024, with a price band of Rs.112 per share.

 

#2. What is the Vdeal System IPO Open date?

Vdeal System IPO’s opening date is August 27, 2024.

 

#3. What is the Vdeal System IPO Close Date?

Vdeal System IPO’s closing date is August 29, 2024.

 

#4. What is the Vdeal System IPO Listing date?

Vdeal System IPO listing date is September 03, 2024.

 

#5. What is the Vdeal System IPO Minimum investment amount?

Vdeal System IPO’s minimum investment amount is Rs.1,34,400

 

#6. What is the Vdeal System IPO offer issue Size?

Vdeal System offers an issue size of Rs.18.08 crore.

 

#7. What is the Vdeal System IPO Price Band?

Vdeal System’s IPO price band is Rs.112 per share.

 

#8. Is Vdeal System IPO mainboard IPO or SME IPO?

Vdeal System IPO is an SME IPO.

 

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