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Vdeal System IPO is a fixed price issue of ₹18.08 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹18.08 crore.
Vdeal System IPO bidding started from Aug 27, 2024 and ended on Aug 29, 2024. The allotment for Vdeal System IPO was finalized on Aug 30, 2024. The shares got listed on NSE SME on Sep 3, 2024.
Vdeal System IPO price is ₹112.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,34,400 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,68,800.
Affinity Global Capital Market Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Black Fox Financial Pvt.Ltd..
Refer to Vdeal System IPO RHP for detailed Information.
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | September 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹112 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,14,000 shares (aggregating up to ₹18.08 Cr) |
| Reserved for Market Maker | 81,600 shares Black Fox Financial Pvt.Ltd. (aggregating up to ₹0.9139 Cr) |
| Net Offered to Public | 15,32,400 shares (aggregating up to ₹17.16 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 32,76,460 shares |
| Share Holding Post Issue | 48,90,460 shares |
Vdeal System IPO offers total 16,14,000 shares. Out of which 7,65,600 (47.43%) allocated to NII, 7,66,800 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 81,600 (5.06%) |
| NII (HNI) Shares Offered | 7,65,600 (47.43%) |
| Retail Shares Offered | 7,66,800 (47.51%) |
| Total Shares Offered | 16,14,000 (100.00%) |
Vdeal System IPO opens on August 27, 2024, and closes on August 29, 2024.
| IPO Open Date | Tue, Aug 27, 2024 |
| IPO Close Date | Thu, Aug 29, 2024 |
| Tentative Allotment | Fri, Aug 30, 2024 |
| Initiation of Refunds | Mon, Sep 2, 2024 |
| Credit of Shares to Demat | Mon, Sep 2, 2024 |
| Tentative Listing Date | Tue, Sep 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 29, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,34,400 |
| Retail (Max) | 1 | 1,200 | ₹1,34,400 |
| HNI (Min) | 2 | 2,400 | ₹2,68,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in December 2009, Vdeal System Limited is an Integrated Electrical and Automation solution provider. The company specializes 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 offer 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 ISO 9001:2015 certified company.
The company's product portfolio includes seveal Sense IoT Gateway, Reveal Sense Node and REVNET IIoT Platform.
The manufacturing unit of the company is situated in Bhubaneswar, Orissa.
As of August 20, 2024, the company has employed 65 employees on its payroll.
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 | 2,727.93 | 1,544.44 | 1,142.33 |
| Total Income | 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 and Surplus | 301.1 | 312.04 | 201.95 |
| Total Borrowing | 937.67 | 621.02 | 639.51 |
| Amount in ₹ Lakhs | |||
The market capitalization of Vdeal System IPO is ₹54.77 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 49.52% |
| ROCE | 32.83% |
| Debt/Equity | 1.49 |
| RoNW | 49.52% |
| PAT Margin | 11.87% |
| Price to Book Value | 5.84 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.50 | 6.37 |
| P/E (x) | 11.79 | 17.59 |
The company intend to utilize the issue proceeds to meet the following objects:
[Dilip Davda] The company is an emerging niche player in integrated electrical and automation solutions. It has tie-up with global leaders in the segment and that provides it an edge over others. Last three fiscals’ performance indicates likely trends going forward. Small equity capital post IPO indicates longer gestation for migration. Though the issue appears fully priced, investors may park funds for the long term. Read detail review...
| Listing Date | September 3, 2024 |
| BSE Script Code | |
| NSE Symbol | VDEAL |
| ISIN | INE0U2M01015 |
| Final Issue Price | ₹112 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹112.00 |
| Open | ₹170.00 |
| Low | ₹161.50 |
| High | ₹178.50 |
| Last Trade | ₹178.50 |
Vdeal System Ltd.
Plot No. 4/A
A, 4/B & 6, Janla Industrial Area
Khordha, Jatni - 752054
Khordha, Odisha
Phone: + 91 0674 291067
Email: compliance@vdealsystem.com
Website: http://www.vdealsystem.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Vdeal System IPO is a SME IPO of 16,14,000 equity shares of the face value of ₹10 aggregating up to ₹18.08 Crores. The issue is priced at ₹112 per share. The minimum order quantity is 1200.
The IPO opens on August 27, 2024, and closes on August 29, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vdeal System IPO using UPI as a payment gateway. Zerodha customers can apply in Vdeal System IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vdeal System IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vdeal System IPO opens on August 27, 2024 and closes on August 29, 2024.
Vdeal System IPO lot size is 1200, and the minimum amount required for application is ₹1,34,400.
You can apply in Vdeal System IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vdeal System IPO will be done on Friday, August 30, 2024, and the allotted shares will be credited to your demat account by Monday, September 2, 2024. Check the Vdeal System IPO allotment status.
The Vdeal System IPO listing date is on Tuesday, September 3, 2024.
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