Vdeal System Ltd.

VDEAL

Equity

NSE

Min. Investment

₹ 1,12,000.00

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IPO Details

Bidding Dates

27 Aug 24 - 29 Aug 24

Price Range ₹

112 - 0

Total Equity

₹ 18.08Cr

Lot Size

1200

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

  1. Offer start

    27 Aug 2024

  2. Offer end

    29 Aug 2024

  3. Allotment

    30 Aug 2024

  4. Refund initiation

    02 Sept 2024

  5. Demat transfer

    02 Sept 2024

  6. Listing

    03 Sept 2024

About Company

Incorporated in December 2009, Vdeal System Limited is a comprehensive provider of Integrated Electrical and Automation solutions. The company specializes 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. Vdeal System provides a range of services, including in-house product design and development, manufacturing, system integration, and servicing of automation solutions and smart electrical control panels, all adhering to the high-quality and safety standards of IEC. The company holds ISO 9001:2015 certification. Their product portfolio features several offerings, including the Sense IoT Gateway, Reveal Sense Node, and REVNET IIoT Platform. The company's manufacturing unit is located in Bhubaneswar, Orissa. As of August 20, 2024, Vdeal System Limited employs 65 people.

Year Founded

10-12-2009

Promotor Details

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage99.9766.97
Share Capital32753603275360

Offer to Public

16,14,000.00 Cr

Project Details

  • To meet working capital Expenses - 47.832cr
  • Prepayment and repayment of all or a portion of certain secured and unsecured loan - 44.127cr

Objectives

  • To meet the working capital requirementsPrepayment and repayment of all or a portion of certain secured and unsecured loan availed by companyGeneral Corporate Purpose andTo meet the Offer expenses

Highlights

  • Vdeal System Limited's adherence to ISO 9001:2015 standards ensures high-quality manufacturing and servicing of electrical control panels, adding credibility and reliability to their offerings.
  • The company's involvement in turnkey projects, including electrical infrastructure up to 33 KV, highlights its comprehensive capabilities in the electrical and automation sector.
  • The manufacturing facility and products meet stringent international IEC 61439 standards, ensuring safety, quality, and global competitiveness.
  • The company has shown robust financial performance with consistent increases in revenue and profit after tax over the past three fiscal years, indicating strong business growth and profitability.
  • The manufacturing facility in Bhubaneswar, Orissa, positions the company well within a region known for its industrial activity, providing strategic advantages in logistics and operations.

Challenges

  • The company’s heavy reliance on its top 10 customers for a significant portion of its revenue makes it vulnerable to potential revenue loss if these customers reduce or cease their business.
  • The involvement of the company and its directors in various legal cases, including criminal ones, poses a significant risk. Adverse judgments could severely impact the company's reputation and business prospects.
  • A large portion of Vdeal System’s revenue is concentrated in the eastern region of India, making the company susceptible to regional market fluctuations that could negatively impact its financial performance.
  • The company’s outstanding borrowings of Rs 9.41 crore as of March 31, 2024, pose a financial risk. Any difficulty in servicing or repaying these loans could affect the company's financial health and creditworthiness.
  • The company's heavy dependence on its design and engineering teams for accurate project execution presents a risk. Any failure in their performance could disrupt operations and harm the business.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20254,891.37489.05311.38311.389.5034
20242,727.94327.65311.38311.389.5034