Vdeal System IPO
GMP, Subscription, Price, Dates & Financial Details
Vdeal System Limited is ISO 9001:2015 certified and provides solutions in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starters, Energy Management Systems (EMS), and Smart Programmable Logic Controller (PLC)…
Open Date
Tue, 27 Aug 2024
Close Date
Thu, 29 Aug 2024
Issue Price
₹ 112
Lot Size
1200
Issue Size
₹ 18.08 Cr
Minimum Investment
₹ 268,800 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Vdeal System IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹18.08 Crore, comprising a fresh issue of 16.14 Lakh equity shares aggregating to ₹18.08 Crore.
The Vdeal System IPO remained open for subscription from August 27, 2024, to August 29, 2024. The basis of allotment was finalized on August 30, 2024, and the company's shares were listed on NSE SME Platform on September 03, 2024.
The company had fixed the price at ₹112 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹268,800 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Affinity Global Capital Market Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Vdeal System Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Vdeal System IPO Timeline (Tentative)
- IPO Open Date
- Tue, 27 Aug 24
- IPO Close Date
- Thu, 29 Aug 24
- Basis of Allotment
- Fri, 30 Aug 24
- Initiation of Refunds
- Mon, 02 Sep 24
- Credit of Shares to Demat
- Mon, 02 Sep 24
- Listing Date
- Tue, 03 Sep 24 — NSE & BSE
Open Date
27 August 2024
Close Date
29 August 2024
Basis Of Allotment
30 August 2024
Listing Date
03 September 2024
IPO Subscription
Check Live Subscription →The Vdeal System IPO has received bids for 65,95,200 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, and Retail Investors 0x.
NII
0x
RII
0x
Total
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 7,66,200 shares, representing 47.47% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 0 shares (%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 0 | 0% |
| Market Maker | 81,600 | 5.06% |
| Others | 766,200 | 47.47% |
| Retail Investors | 766,200 | 47.47% |
| Total | 1,614,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 2727.93 | 1544.44 | 1142.33 |
| Revenue | 2625.08 | 2075.41 | 1623.96 |
| Profit After Tax | 311.38 | 110.09 | 23.1 |
| Net Worth | 628.75 | 341.83 | 231.73 |
| Reserve & Surplus | 301.1 | 312.04 | 201.95 |
| Total Borrowings | 937.67 | 621.02 | 639.51 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Vdeal System Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 49.52 |
| ROCE % | 32.83 |
| Debt / Equity | 1.49 |
| RoNW % | 49.52 |
| PbW | 5.84 |
| Pat Margin % | 11.87 |
Peers Comparison
No Peer Comparision Available
About Vdeal System Limited
Vdeal System Limited is ISO 9001:2015 certified and provides solutions in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starters, Energy Management Systems (EMS), and Smart Programmable Logic Controller (PLC) panels. They also offer air-insulated and sandwich bus ducts, supported by in-house product design and development, manufacturing, system integration, and servicing of automation solutions. Their smart electrical control panels adhere to high international IEC standards of quality and safety.
The company is also driving the next wave of innovation by integrating Artificial Intelligence (AI) and Machine Learning (ML) into their solutions. They are developing AI and ML-driven innovations that can seamlessly incorporate the Internet of Things (IoT) into a cloud-based Software as a Service (SaaS) model.
The company’s product portfolio includes the Sense IoT Gateway, Reveal Sense Node, and REVNET IIoT Platform. The manufacturing unit is located in Bhubaneswar, Orissa. As of 20 August 2024, the company has 65 employees on its payroll.
Vdeal System IPO Promoters
- Mr. Dhiraj Kochar
- Mrs. Tapaswini Panda
- Mr. Brahmananda Patra
- Reveal AI Technologies Private Limited
Promoters Holding
Holding Pre Issue
99.97%
Holding Post Issue
66.96%
Vdeal System IPO Objective
The company intend to utilize the issue proceeds to meet the following objects:
- 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 and
- To meet the Offer expenses
Vdeal System Limited Address / Contact Details
Vdeal System Limited
Plot No. 4/A
A, 4/B & 6, Janla Industrial Area
Khordha, Jatni - 752054
Phone: + 91 0674 291067
Email: compliance@vdealsystem.com
Website: http://www.vdealsystem.com
IPO Snapshot
Vdeal System IPO Lot Size
The Vdeal System IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,34,400 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,34,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 134,400.00 |
| Retail (Max) | 1 | 1,200 | 134,400.00 |
| S-HNI (Min) | 2 | 2,400 | 268,800.00 |
Issue Reservation
- Anchor Investors — 0%
- Market Maker — 5.06%
- Others — 47.47%
- RII — 47.47%
Book Running Lead Managers
- Affinity Global Capital Market Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Vdeal System IPO?
Vdeal System IPO is a Fixed price IPO with a total issue size of ₹18.08 crore. The Vdeal System IPO price band is ₹112 to 112 per share. The Vdeal System IPO subscription opens on Tue, Aug 27, 2024, and closes on Thu, Aug 29, 2024. The Vdeal System IPO will be listed on the NSE. Cameo Corporate Services Limited is the registrar for the Vdeal System IPO.
When will the Vdeal System IPO open for subscription?
The Vdeal System IPO opens on Tue, Aug 27, 2024 and closes on Thu, Aug 29, 2024
What is Vdeal System IPO Price Band?
Vdeal System IPO Price Band is ₹112 to 112 per share.
What is Vdeal System IPO Lot Size?
Vdeal System IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹268800 based on the upper price band
What is the minimum investment for Vdeal System IPO?
The minimum investment for Vdeal System IPO is ₹268800, based on one lot of 1200 shares at the upper price band of ₹112 per share.
How to apply for Vdeal System IPO?
Investors can apply for the Vdeal System IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 29, 2024. The application amount remains blocked until the Vdeal System IPO allotment is finalized.
What is Vdeal System IPO Issue Size?
Vdeal System IPO issue size is ₹18.08 crores.
What is the Vdeal System IPO Allotment Date?
Vdeal System IPO allotment date is Fri, Aug 30, 2024.
Who is the Vdeal System IPO Registrar?
The registrar for Vdeal System IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Vdeal System IPO allotment status, refund processing, and other IPO-related information.
What is the Vdeal System IPO GMP?
The Vdeal System IPO GMP (Grey Market Premium) is ₹26 as of Thu, Aug 29, 2024. Based on the upper price band of ₹112 per share, the estimated Vdeal System IPO listing price is ₹138, indicating a potential listing gain of approximately 23.21% over the issue price.
Who is the Vdeal System IPO Lead Manager?
The book-running lead managers (BRLMs) for the Vdeal System IPO are Affinity Global Capital Market Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Vdeal System IPO Red Herring Prospectus (RHP).