Apex Ecotech Limited IPO...
20 Nov 2024
Vdeal System Limited IPO And Its GMP
Vdeal System Limited is ISO 9001:2015 certified, providing 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 System (EMS) and Smart Programmable Logic Controller (PLC) panels, Air-insulated & Sandwich bus ducts 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 them a competitive edge over their competitors.
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IPO OVERVIEW
- ● Issue Size: ₹18.08 crores
- ● Offer Type: Entirely a fresh issue of 16.14 lakh shares
- ● Price: ₹112 per share
- ● Subscription Dates: Opens on August 27, 2024, and closes on August 29, 2024
- ● Minimum Lot Size: 1200 shares
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Key Players Involved:
- ● Book Running Lead Manager: Affinity Global Capital Market Private Limited
- ● Registrar: Cameo Corporate Services Limited
- ● Market Maker: Black Fox Financial
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Vdeal System IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 02-09-2024 | 112 | 30.0 (27%) | 02-Sep-2024 13:10 |
| 30-08-2024 | 112 | 26.0 (23%) | 30-Aug-2024 13:10 |
| 29-08-2024 | 112 | 24.0 (21%) | 29-Aug-2024 12:30 |
| 28-08-2024 | 112 | 22.0 (20%) | 28-Aug-2024 13:30 |
| 27-08-2024 | 112 | 20.0 (18%) | 27-Aug-2024 13:10 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Vdeal System IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Shareholding pre issue | 3,276,460 |
| Shareholding post issue | 4,890,460 |
| Market Maker portion | 81,600 shares Black Fox Financial |
Vdeal System IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, August 27, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Vdeal System IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹134,400 |
| Retail (Max) | 1 | 1200 | ₹134,400 |
| HNI (Min) | 2 | 2,400 | ₹268,800 |
Vdeal System IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 81,600 (5.06%) |
| Other Shares Offered | 7,66,200 (47.47%) |
| Retail Shares Offered | 7,66,200 (47.47%) |
| Total Shares Offered | 16,14,000 (100%) |
Vdeal System IPO Promoter Holding
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue | 66.96% |
Company & Financials
Incorporated in December 2009, Vdeal System Limited is an Integrated Electrical and Automation solution provider. The company specializes in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starter, Energy Management System (EMS) and Smart Programmable Logic Controller (PLC) panels. They also offer air-insulated & Sandwich bus ducts. Their services include in-house product design & development, manufacturing, system integration and servicing of automation solutions and smart electrical control panels that comply with high international IEC standards for quality and safety. The company is an ISO 9001:2015 certified company. The company's product portfolio includes several Sense IoT Gateway, Reveal Sense Node and REVNET IIoT Platform. The manufacturing unit of the company is situated in Bhubaneswar, Orissa.
Vdeal System Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 2,727.93 | 1,544.44 | 1,142.33 | |||||||||||||||||||||||||||||||||||||
| Revenue | 2,625.08 | 2,075.41 | 1,623.96 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 311.38 | 110.09 | 23.1 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 628.75 | 341.83 | 231.73 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 301.1 | 312.04 | 201.95 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 937.67 | 621.02 | 639.51 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.52% |
| ROCE | 32.83% |
| Debt/Equity | 1.49 |
| RoNW | 49.52% |
| P/BV | 5.84 |
| PAT Margin (%) | 11.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.5 | 6.37 |
| P/E (x) | 11.79 | 17.59 |
Objectives of Vdeal System IPO
The company intend to utilize the issue proceeds to meet the following objectives:
- 1. To meet the working capital requirements
- 2. Prepayment and repayment of all or a portion of certain secured and unsecured loans availed by the company
- 3. General Corporate Purpose
- 4. To meet the Offer expenses
Vdeal System IPO Review
The company is an emerging niche player in integrated electrical and automation solutions. It has a tie-up with global leaders in the segment and that provides it an edge over others. The last three fiscals’ performance indicates likely trends going forward. Small equity capital post IPO indicates longer gestation for migration. Though the issue appears fully priced, investors may park funds for the long term.
FAQs for Vdeal System IPO
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What is a Vdeal System IPO?
Vdeal System IPO is an SME IPO. The company is going to raise ₹18.08 Crores via IPO. The issue is priced at ₹112 per equity share. The IPO is to be listed on NSE.
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When will the Vdeal System IPO open for subscription?
The IPO is to open on August 27, 2024, for QIB, NII and Retail Investors. The IPO will close on August 29, 2024.
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What is the Vdeal System IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
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What is the Vdeal System Issue Size?
Vdeal System issue size is ₹18.08 crores.
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What is the Vdeal System IPO Price Band?
Vdeal System IPO Price Band is ₹112.
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What is the Vdeal System IPO Lot Size?
The minimum bid is 1200 Shares with ₹134,400 amount.
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What is the Vdeal System IPO Allotment Date?
Vdeal System IPO allotment date is August 30, 2024.
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What is the Vdeal System IPO Listing Date?
Vdeal System IPO listing date is September 3, 2024. The IPO is to be listed on NSE.
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What is the current GMP of the Vdeal System?
The current GMP of Vdeal System is 30.0 (27%).
RHP:
RHP of Vdeal System Limited IPO.
DRHP:
DRHP of Vdeal System Limited IPO.
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What is a Vdeal System IPO?
Vdeal System IPO is an SME IPO. The company is going to raise ₹18.08 Crores via IPO. The issue is priced at ₹112 per equity share. The IPO is to be listed on NSE.
-
When will the Vdeal System IPO open for subscription?
The IPO is to open on August 27, 2024, for QIB, NII and Retail Investors. The IPO will close on August 29, 2024.
-
What is the Vdeal System IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
-
What is the Vdeal System Issue Size?
Vdeal System issue size is ₹18.08 crores.
-
What is the Vdeal System IPO Price Band?
Vdeal System IPO Price Band is ₹112.
-
What is the Vdeal System IPO Lot Size?
The minimum bid is 1200 Shares with ₹134,400 amount.
-
What is the Vdeal System IPO Allotment Date?
Vdeal System IPO allotment date is August 30, 2024.
-
What is the Vdeal System IPO Listing Date?
Vdeal System IPO listing date is September 3, 2024. The IPO is to be listed on NSE.
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What is the current GMP of the Vdeal System?
The current GMP of Vdeal System is 30.0 (27%).
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