- POSITIVE
Annual Revenue Vdeal System Mar-2026 Annual Revenue is Rs 45 Cr which is growth of 34.8% YoY.
- POSITIVE
Annual Net Profit Vdeal System Mar-2026 Annual Net Profit is Rs 4 Cr which is growth of 4.3% YoY.

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 Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹134,400 | 1 | 1 | 1200 | 1.6 M | ₹112 | 66.97 % | ₹180.8 M | RHP DOC |
Vdeal System IPO SUBSCRIPTION STATUS
29 Aug '24Vdeal 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
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
29 Aug 2024 (Day 3) | 76.5x | 58.65x | - |
28 Aug 2024 (Day 2) | 20.95x | 4.06x | - |
27 Aug 2024 (Day 1) | 7.1x | 1.14x | - |
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
Vdeal System IPO IMPORTANT DATES
| Issue Open Date | 27 Aug 2024 |
| Issue close Date | 29 Aug 2024 |
| Allotment Date | 30 Aug 2024 |
| Refund Date | 02 Sep 2024 |
| Demat Account Credit Date | 02 Sep 2024 |
| Listing Date | 03 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Vdeal System Allotment Status | Exchange |
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 Price | 170.0 |
| Listing Close Price | 178.5 |
| Listing Gain% | 51.8% |
| Current Gain% | 0.5% |
Vdeal System Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vdeal System Ltd. | 112.5 | 55 | 13.2 | 3.1 | 1.2 | 14 | 6.5 | 45.3 | 34.8 | 4.2 | 4.3 | 8.5 | 4.3 |
| ABB India Ltd. | 7052.5 | 149448.4 | 50 | 11 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Bharat Heavy Electricals Ltd. | 419 | 145881 | 60 | 0.1 | 4.1 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| CG Power and Industrial Solutions Ltd. | 886 | 139586.5 | 111.7 | 4.5 | 10.9 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
| Hitachi Energy India Ltd. | 31035 | 138330.4 | 120.2 | 0.9 | 15.1 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Siemens Ltd. | 3877 | 138067.9 | 42.2 | 1.3 | 7.5 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 92 | 33.7 |
Vdeal System annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
29.6% | 26.1% | 45.3 | 33.6 | 26.3 | 20.8 | 16.2 | 14.2 | 10.9 | 13.7 | 12.4 | ||
Operating Exp. Ann. | 27% | 24% | 37.5 | 26.7 | 20.7 | 18.3 | 14.7 | 12.8 | 9.9 | 12.8 | 11.7 | |
Operating Profit Ann. | 45.5% | 42.7% | 7.7 | 6.9 | 5.5 | 2.5 | 1.5 | 1.3 | 0.2 | 0.9 | 0.7 | |
OPM Ann. % | 12.4% | 12.9% | 16.92% | 20.58% | 21.08% | 11.93% | 9.11% | 9.21% | 2.15% | 6.66% | 5.75% | |
27% | 23.2% | 39.5 | 28.3 | 22 | 19.3 | 15.9 | 13.9 | 10.8 | 13.4 | 12.1 | ||
EBITDA Ann. | 46.1% | 41% | 7.8 | 6.9 | 5.6 | 2.5 | 1.5 | 1.4 | 1 | 1 | 0.8 | |
EBITDA Ann. margin % | 12.7% | 12.6% | 17.31% | 20.65% | 21.18% | 12.08% | 9.45% | 9.57% | 8.87% | 6.95% | 6.02% | |
Interest Ann. | 26% | 18% | 1.6 | 1.3 | 1.1 | 0.8 | 0.8 | 0.7 | 0.5 | 0.4 | 0.4 | |
Depr. | 26% | 0% | 0.4 | 0.3 | 0.2 | 0.2 | 0.5 | 0.4 | 0.3 | 0.2 | 0.1 | |
PBT Ann. | 57% | 80.8% | 5.8 | 5.3 | 4.3 | 1.5 | 0.3 | 0.3 | 0.1 | 0.3 | 0.3 | |
Tax Ann. | 62% | 76.2% | 1.7 | 1.3 | 1.2 | 0.4 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | |
56.3% | 83.8% | 4.2 | 4 | 3.1 | 1.1 | 0.2 | 0.2 | 0.1 | 0.3 | 0.2 | ||
Net Profit Ann. | 56.3% | 83.8% | 4.2 | 4 | 3.1 | 1.1 | 0.2 | 0.2 | 0.1 | 0.3 | 0.2 | |
NPM Ann. % | 20.2% | 41.8% | 9.22% | 11.88% | 11.87% | 5.31% | 1.42% | 1.61% | 0.97% | 1.84% | 1.72% | |
EPS Adj. latest Ann. | 54.6% | 76.2% | 8.5 | 8.2 | 6.4 | 2.3 | 0.5 | 0.5 | 0.2 | 0.5 | 0.4 |
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
- To meet the working capital requirements
- Prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company
- General corporate purpose
- 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.
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.
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.
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.
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.
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.
