Vdeal System IPO Date, Price, GMP, Review – Vdeal System Ltd. provides full solutions for electrical panels, industrial automation, process instrumentation, and industrial IoT (I-4). They have over 20 years of experience delivering automation solutions to several loyal customers in India. Vdeal announced a fixed price issue of ₹18.07 crores, including a fresh issue of 16.14 lakh shares. The subscription period for the Vdeal IPO begins on August 27, 2024 and ends on August 29, 2024. The allotment is likely to be finalized on or around Friday, August 30, 2024.
Vdeal System IPO Details
| IPO Open Date | August 27, 2024 |
| IPO Close Date | August 29, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Face Value | ₹10 per share |
| Price | ₹112 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,614,000 shares
(aggregating up to ₹18.08 Cr) |
| Fresh Issue | 1,614,000 shares
(aggregating up to ₹18.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Vdeal System Financials
The profit after tax (PAT) of Vdeal System Limited climbed by 183% and its sales increased by 26% between the fiscal year that ended on March 31, 2023, and March 31, 2024.
| FY 2024 | |
| Assets | 2,727.93 |
| Revenue | 2,623.08 |
| Profit After Tax | 311.38 |
| Net Worth | 628.75 |
| ROE | 49.52% |
| ROCE | 32.83% |
| Debt/Equity | 1.49 |
| RoNW | 49.52% |
| P/BV | 5.84 |
| PAT Margin (%) | 11.87 |
Vdeal System SME IPO Objective
The company intends to use the offering proceeds to accomplish the following objectives:
- To meet working capital requirements.
- The corporation may prepay or repay secured and unsecured loans for its general corporate purposes.
- To satisfy the offer expenses.
About the Company- Vdeal System
Vdeal System Limited was established in December 2009. The company provides air-insulated and sandwich bus cables, as well as in-house product research and development, production, system integration, and maintenance of automation solutions and intelligent electrical control panels that exceed rigorous international IEC quality and safety standards.
Such strategic agreements with well-known brand manufacturers provide us a competitive advantage over our competitors. Your company is a growing provider of integrated electrical and automation systems, delivering comprehensive electrical solutions for a variety of industries and operating in multiple industry segments. Their products are distributed to industrial firms using a business-to-business (B2B) strategy.
