Vdeal System is scheduled to hit the market on August 27, 2024 and close on August 29, 2024. Vdeal System plans to raise around ₹18.08 Cr through an IPO with a sale of up to 1,614,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Vdeal System Limited, established in December 2009, is a provider of integrated electrical and automation solutions. The company specializes in various smart technologies, including Low Voltage (LV) and Medium Voltage (MV) panels, Variable Frequency Drive (VFD) panels, Soft Starters, Energy Management Systems (EMS), and Programmable Logic Controller (PLC) panels. Additionally, Vdeal offers air-insulated and sandwich bus ducts, alongside services such as in-house product design, manufacturing, system integration, and maintenance of automation solutions that adhere to high international IEC standards for quality and safety. Vdeal System Limited is ISO 9001:2015 certified.
Located in Bhubaneswar, Orissa, Vdeal’s manufacturing unit plays a pivotal role in its operations. The company has developed a robust product portfolio that includes several Sense IoT Gateways, Reveal Sense Nodes, and the REVNET IIoT Platform. As of August 20, 2024, Vdeal System Limited employs 65 individuals, contributing to its mission of delivering innovative and reliable electrical automation solutions.
Vdeal System IPO Details
Vdeal System IPO opens on August 27, 2024, and closes on August 29, 2024. The Listing date for Vdeal System IPO is on September 3, 2024. The price band for IPO is ₹112 per share and lot size of 1200 Shares.
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | September 3, 2024 |
| Price | ₹112 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹18.08 Cr |
| Face Value | ₹10 per share |
Vdeal System IPO Tentative Timetable
Vdeal System opening date is August 27, 2024 and close date is August 29, 2024. The IPO allotment date is August 30, 2024. Therefund initiation of IPO is on September 2, 2024. The credit of shares in demat account is on September 2, 2024. The listing date is on September 3, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 27, 2024 |
| IPO Closing | August 29, 2024 |
| IPO Allotment Date | August 30, 2024 |
| Refund Initiation | September 2, 2024 |
| Shares Credit to Demat | September 2, 2024 |
| Lisiting Date | September 3, 2024 |
Vdeal System IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹134,400).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹134,400 |
| Retail(Maximum) | 1 | 1200 | ₹134,400 |
| HNI (Minimum) | 2 | 2400 | ₹268,800 |
Vdeal System IPO Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 66.96% |
Vdeal System IPO Review
Vdeal System Ltd. (VSL) is a new player in the electrical and automation solutions industry. They provide a variety of advanced products, such as Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, and automation tools like Variable Frequency Drive (VFD) panels and Energy Management Systems (EMS). VSL is certified with ISO 9001:2015, showing their commitment to quality and international standards. Their partnerships with leading global electrical companies give them a strong competitive advantage, allowing them to offer complete solutions that meet the high demands of different industries. Their products are essential for businesses looking to improve their electrical systems and automation processes, especially as companies begin to use newer technologies like IoT (Internet of Things), AI (Artificial Intelligence), and ML (Machine Learning). VSL’s ability to combine these advanced technologies into a cloud-based Software as a Service (SaaS) model makes them a modern company in the electrical and automation sector.
Financially, VSL has shown steady growth over the past three years. Their revenues grew from ₹16.24 crore in FY22 to ₹26.25 crore in FY24. The company’s net profits have also risen significantly, indicating better operational efficiency and a growing market presence. With an average earnings per share (EPS) of ₹5.99 and a strong average Return on Net Worth (RoNW) of 37.16%, VSL’s financial performance looks promising. However, the company’s initial public offering (IPO) is priced at a P/E of 17.58 based on FY24 earnings, suggesting that it is fully priced. Even so, VSL's solid financials and the rising demand for integrated electrical solutions, fueled by industrial automation and technological progress, make it an attractive choice for long-term investors. The company’s focus on innovation, along with its strategic partnerships and increasing market share, puts it in a good position to take advantage of future opportunities.
From an investment standpoint, VSL provides a unique chance to invest in a growing segment of the electrical and automation market. Their technical partnerships with global leaders and strong financial results over the last three years show that they are well-prepared for ongoing growth. While the IPO seems fully priced, the long-term potential for VSL is clear, especially as industries increasingly adopt advanced electrical and automation solutions. Investors looking for long-term options may find value in investing in VSL, given its strong market position and financial stability, as well as the growing need for advanced electrical systems in various industries. The company’s commitment to integrating new technologies like IoT, AI, and ML into its products adds to its attractiveness as a forward-looking investment in the field of industrial automation.
Vdeal System IPO Subscription Status (Bidding Details)
Table not foundVdeal System IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Vdeal System IPO FAQs
What is Vdeal System IPO?
Vdeal System is issuing 1,614,000 equity shares with a face value of ₹10 each, totaling up to ₹18.08 Cr. The shares are being offered at a price of ₹112 each, with a minimum order quantity of 1200 shares.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Vdeal System IPO will open?
Vdeal System will open on August 27, 2024 for QIB, NII, and Retail Investors.
When Vdeal System IPO will end?
Vdeal System will end on August 29, 2024.
What is Vdeal System IPO Size?
Vdeal System IPO size is ₹18.08 Cr.
What is Vdeal System IPO Price Band?
Vdeal System price band is ₹112 per share.
What is the Vdeal System IPO Allotment Date?
Vdeal System allotment date is August 30, 2024.
What is the Vdeal System IPO Listing Date?
Vdeal System listing date is September 3, 2024. The IPO is to be listed on BSE and NSE.
How to Vdeal System IPO through Zerodha?
To apply for the IPO “Vdeal System” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Vdeal System IPO through Upstox?
To apply for the IPO “Vdeal System” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Vdeal System IPO Allotment Status?
For Vdeal System IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Vdeal System IPO GMP?
You can check out here: Vdeal System IPO GMP. Check all IPO GMP here.