Fixed Price IPO | ₹18 Cr | Listed at NSE SME | Tue, Aug 27, 2024 - Thu, Aug 29, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Aug 27, 2024
IPO Close
Thu, Aug 29, 2024
Issue Price
₹112 per share
Market Cap (Pre-IPO)
₹54.77 Cr
| IPO Date | 27 to 29 Aug, 2024 |
| Listed on | Tue, Sep 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹112 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 16,14,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 81,600 shares Black Fox Financial Pvt.Ltd. (agg. up to ₹0.9139 Cr) |
| Fresh Issue (Ex Market Maker) | 15,32,400 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 15,32,400 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 32,76,460 shares |
| Share Holding Post Issue | 48,90,460 shares |
| NSE Symbol | VDEAL |
| ISIN | INE0U2M01015 |
Vdeal System IPO comprises a total issue size of 16,14,000 shares. The net offer to the public is 15,32,400 shares, after excluding 81,600 shares allotted on a firm basis. Of the Net offer 7,65,600 (49.96%) allocated to NII 7,66,800 (50.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,65,600 | 49.96% | 47.43% |
| Retail Shares Offered | 7,66,800 | 50.04% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 81,600 | 5.06% | |
| Total Shares Offered | 16,14,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 27.28 | 15.44 | 11.42 |
| Total Income | 26.25 | 20.75 | 16.24 |
| Profit After Tax | 3.11 | 1.10 | 0.23 |
| NET Worth | 6.29 | 3.42 | 2.32 |
| Reserves and Surplus | 3.01 | 3.12 | 2.02 |
| Total Borrowing | 9.38 | 6.21 | 6.40 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 7.03 |
| 2 | Prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company | 4.64 |
| 3 | General Corporate Purpose | 3.70 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 9.50 | 6.37 |
| P/E (x) | 11.79 | 17.59 |
| Promoter Holding | 99.97% | 66.96% |
| Market Cap | ₹54.77 Cr. |
The Vdeal System IPO is subscribed 71.38 times on August 29, 2024 6:19:02 PM (Day 3). The public issue subscribed 76.7 times in the retail category, [.] times in the QIB category, and 61.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 61.46 | 7,66,200 | 4,70,92,800 |
| Retail | 76.7 | 7,66,200 | 5,87,67,600 |
| Total | 71.38 | 15,32,400 | 10,93,76,400 |
Total Application : 48,973
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager and Underwriter Fees | 1.08 |
| 2 | Other Underwriter Fees | 0.90 |
| 3 | Other Fees (Including Legal Advisor, RTA, Stock Exchange, Advertising etc.) | 0.72 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹112.00 |
| Open | ₹170.00 |
| Low | ₹161.50 |
| High | ₹178.50 |
| Last Trade | ₹178.50 |
Lead Manager Reports
Vdeal System IPO is a SME IPO of 16,14,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹112 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Aug 27, 2024, and closes on Thu, Aug 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 Tue, Aug 27, 2024 and closes on Thu, Aug 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 Mon, Sep 2, 2024. Check the Vdeal System IPO allotment status.
The Vdeal System IPO listing date is on Tue, Sep 3, 2024.
