Vdeal System Ltd. logo

Vdeal System Ltd. was originally incorporated on December 10, 2009. The company is an integrated electrical and automation solution provider, offering comprehensive electrical solutions across various industries. It supplies products to industry players through a business-to-business (B2B) model.

Bidding Dates
27 Aug 2024 - 29 Aug 2024
Subscription
67.57x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹134,4001112001.6 M₹11266.97 %₹180.8 MRHP DOC

Vdeal System IPO SUBSCRIPTION STATUS

29 Aug '24
Total67.57x
Retail Individual Investor76.5x
HNI (NII) Investors58.65x
Qualified Institutional Buyers-

Vdeal System IPO overall subscription rate was 67.57 times the total available shares

Vdeal System IPO retail subscription rate was 76.5 times in the retail segment

Vdeal System IPO non-institutional investor subscription rate was 58.65 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
29 Aug 2024
(Day 3)
76.5x58.65x-
28 Aug 2024
(Day 2)
20.95x4.06x-
27 Aug 2024
(Day 1)
7.1x1.14x-

Vdeal System FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
FY24 31.1 262.2 13.5 10.3 20.5%
FY23 11.0 207.2 11.2 10.0 11.7%
FY22 2.3 161.8 -1.2 -2.8 9.0%

Vdeal System IPO SUBSCRIPTION STATUS DETAILS

Vdeal System had 1.6 M shares on offer

Vdeal System IPO offer price was ₹112

Vdeal System IPO minimum Investment was ₹134400

Vdeal System IPO issue size was ₹ 180.8 M

Vdeal System had a minimum lot size of 1200 Shares per application

Vdeal System NUMBER OF SHARES ON OFFER

Total1.6 M
Fresh Issue1.6 M
Offer for Sale0
Post Issue Promoter Holding %66.97 %

Vdeal System IPO IMPORTANT DATES

Issue Open Date27 Aug 2024
Issue close Date29 Aug 2024
Allotment Date30 Aug 2024
Refund Date02 Sep 2024
Demat Account Credit Date02 Sep 2024
Listing Date03 Sep 2024
Listing on Exchange(s)NSE
Vdeal System Allotment StatusExchange

Vdeal System IPO subscription opened on 27 Aug 2024, and closed on 29 Aug 2024

IPO allotment for Vdeal System was finalized on Friday, 30 Aug 2024

IPO listing for Vdeal System was on NSE on Tuesday, 03 Sep 2024

Vdeal System IPO LISTING GAINS

Issue Price (adjusted)112.0
Listing Open Price170.0
Listing Close Price178.5
Listing Gain%51.8%
Current Gain%0.5%

Vdeal System Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Vdeal System Ltd.112.55513.23.11.2146.545.334.84.24.38.54.3
ABB India Ltd.7052.5149448.4501121.312.213555.18.11668.3-10.9141
Bharat Heavy Electricals Ltd.419145881600.14.16.12.134589.820.11600.3199.77739.4
CG Power and Industrial Solutions Ltd.886139586.5111.74.510.915.19.512662.225.71206.323.87.924.7
Hitachi Energy India Ltd.31035138330.4120.20.915.119.18.28387.630.2987.8157.3258.1127.7
Siemens Ltd.3877138067.942.21.37.519.912.925598.610.52751.61.39233.7

Vdeal System INFORMATION ON IPO ISSUE

About Vdeal System

Vdeal System Ltd. was originally incorporated on December 10, 2009. The company is an integrated electrical and automation solution provider, offering comprehensive electrical solutions across various industries. It supplies products to industry players through a business-to-business (B2B) model.

Object of the Issue

  1. To meet the working capital requirements
  2. Prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company
  3. General corporate purpose
  4. To meet the offer expenses

Vdeal System - PROMOTERS

Name
Dhiraj Kochar
Tapaswini Panda
Brahmananda Patra
M/s. Reveal AI Technologies Private Limited

Vdeal System Lead Manager of the Issue

Affinity Global Capital Market Private Limited

compliance@affinityglobal.in

Vdeal System Registrar to the issue

Cameo Corporate Services Limited

priya@cameoindia.com

Vdeal System Strengths

Customized products

The company focuses on customization, offering a range of electrical control panels specifically designed to meet individual customer requirements, going beyond standard solutions.

Strength

Geographic advantage

The company's manufacturing unit is strategically located in Bhubaneswar, Odisha. Odisha's rich mineral resources, including coal, iron ore, bauxite, and chromite, contribute to a stable industrial environment and favorable investment policies.

Strength

In-house technical expertise

The company's in-house technical expertise team possesses a diverse range of skills, including Artificial Intelligence (AI), Machine Learning (ML), software development, and data analysis. This expertise enables the company to innovate quickly, adapt to market changes, and provide high-quality solutions to clients.

Strength

Vdeal System Risks

Few customers

The company's business relies heavily on certain key customers, contributing a significant portion of its revenue. Losing any of these major customers could have an adverse effect on the company's business and results of operations.

Risk

License approvals

The company needs to obtain and periodically renew various statutory and regulatory permits, licenses, registrations, and approvals from both Indian government authorities and state governments to conduct its business, and the failure to obtain or renew them in a timely manner may adversely affect its business operations.

Risk

IPO FAQs

  • The promoters of the company are Dhiraj Kochar, Tapaswini Panda, Brahmananda Patra and M/s. Reveal AI Technologies Private Limited.
  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
  • The price band of the IPO is Rs 112.0 - 112.0.
  • The IPO application opens on Aug 27, 2024 and closes on Aug 29, 2024.
  • The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
  • For all category investors, the minimum application amount for this IPO is Rs. 134,400.0, the maximum value for this IPO is Rs 134,400.0.
  • This IPO will be allotted on Aug 30, 2024.
  • The refund will be credited to your account on Sep 02, 2024.
  • The allotted shares will be credited to your demat on Sep 02, 2024.
  • Vdeal System Ltd.’s shares listed on the stock exchanges on Sep 03, 2024.