Vdeal System Ltd IPO
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Vdeal System Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 16.14 L | TBA | ₹ 7.67 L | ₹ 32.75 L | NSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 27 Aug, 24 | 29 Aug, 24 | 1200 | TBA | Fixed Price - SME | 03 Sep, 24 |
Vdeal System Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Electric Equipment |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 3516000 |
| NII | 57.23x | 765600 | 43813200 |
| Retail | 80.51x | 766800 | 61735200 |
| Employee | 0x | 0 | 0 |
| Total | 67.57x | 1614000 | 109064400 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Vdeal System Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4.46 | 1.67 | 0.79 |
| EBITDA | 4.66 | 1.86 | 1.27 |
| PAT | 3.11 | 1.10 | 0.23 |
| Total Assets | 21.06 | 12.49 | 8.59 |
| Share Capital | 3.28 | 0.30 | 0.30 |
| Total Borrowings | 4.02 | 3.50 | 4.08 |
| Operating Activities (Net Cash) | 3.31 | 1.29 | 0.71 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 4.02 | 3.50 | 4.08 |
| Net Cashflow | 0.33 | 0.37 | 0.28 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Vdeal System Ltd
Vdeal System Limited was originally incorporated on December 10, 2009 in Bhubaneswar, Orissa, as a Private Limited Company in the name and style of Swastik Energy System Private Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation bearing CIN: U31100OR2009PTC011396 issued by the Registrar of Companies, Cuttack, Later, the Company acquired the ongoing business of a partnership firm M/s. Vdeal System having principal place of business at Plot No. 358/3476, 357/3457, Jaydev Vihar, Bhubaneswar, Orissa vide Takeover Agreement dated April 01, 2017 where one of its Promoters Mr. Dhiraj Kochar was partner. Subsequently, the name of the Company changed from Swastik Energy System Private Limited to Vdeal System Private Limited vide Special Resolution passed by the shareholders in the Extra-Ordinary General Meeting of the Company held on April 04, 2017 and a fresh Certificate of Incorporation dated April 21, 2017 pursuant to change of name was issued by the Registrar of Companies, Cuttack. Further, the Company was converted into a Public Limited Company pursuant to Special Resolution passed by the Shareholders of the Company at the Extra-Ordinary General Meeting held on January 16, 2024, and consequently the name of the Company was changed from Vdeal System Private Limited to Vdeal System Limited and a fresh certificate of incorporation dated May 20, 2024 pursuant to conversion from Private Limited Company to Public Limited Company was issued by the Registrar of Companies, Central Processing Centre bearing CIN: U31100OR2009PLC011396.
Smart Electrical Control Panels Market to reach USD 10.3 Billion by 2032 Report by Data Horizon Research: The advancement of technology and digital transformation solutions propels the growth of the smart electrical Control panels industry. Fort Collins, Colorado, Jan. 04, 2024 (GLOBE NEWSWIRE) - The Smart Electrical Control Panels Market size was valued at USD 5.8 Billion in 2022 and is anticipated to reach USD 10.3 Billion by 2032 at a CAGR of 6.1% during the forecast period 2023-2032. Smart electrical control panels have advanced due to the adoption of SMART technologies and grid digitization. Notable developments include motion sensors, data analytics for energy management, and improved energy usage. This has prompted manufacturers to create sophisticated products with rich features. Energy sustainability and compliance are important considerations for homeowners, and smart electrical control panels have become essential to home automation. These panels can be integrated with smart home systems, enabling users to conveniently control various aspects of their home, including lighting, heating, and security, from a centralized interface. Electrical Control panels monitor energy use and costs, helping homeowners regulate energy consumption. The shift to renewable energy sources, such as solar, is driven by cost savings and sustainability. Smart grids facilitate effective energy distribution.
Vdeal System Limited is an ISO 9001:2015 certified company providing solutions in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, and Smart Programmable Logic Controller (PLC) panels, Air insulated & Sandwich busducts backed by In-house Product design & development, manufacturing, system integration, servicing of automation solutions and smart electrical control panels that adhere to high international IEC standards of quality and safety. The Company has business relationships with global electrical players. Such strategic tie ups with renowned brand owners give it the competitive edge over its competitors.
Peer Comparison:
- Akanksha Power & Infrastructure Ltd
- Saakshi Medtech & Panels Ltd
Vdeal System Ltd IPO Key Points
Strengths
- Experienced Management Team and Robust In-House Technical Expertise.
- Tailoring or Customization of Products to Meet Unique Customer Needs.
- Best practices for Efficient Production Process and Supply Chain Management.
- Location advantage and Competitive Price.
- Nurturing a Strong Brand Reputation.
Risk
- The company is dependent on its promoters and senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
- Its business is substantially dependent on certain key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on its business and results of operations.
- The company is dependent on its Top 10 suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of its raw materials, or an increase in its raw material costs and other input costs, may adversely affect the pricing and supply of its products with subsequently having an adverse effect on the business, results of operations and financial conditions of the company.
Strategy
- Increase scope of offering and entering new emerging segments.
- Continued focus on post sales services and customer centric approach.
- Invest in Infrastructure and Technology.
- Entry into New Geographies and Verticals.
- Effective Marketing Methods.
- Experienced Management Team and Robust In-House Technical Expertise.
- Tailoring or Customization of Products to Meet Unique Customer Needs.
- Best practices for Efficient Production Process and Supply Chain Management.
- Location advantage and Competitive Price.
- Nurturing a Strong Brand Reputation.
How To Apply for Vdeal System Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.