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 ISO 9001:2015 certified company.
The company's product portfolio includes seveal Sense IoT Gateway, Reveal Sense Node and REVNET IIoT Platform.
The manufacturing unit of the company is situated in Bhubaneswar, Orissa.
As of August 20, 2024, the company has employed 65 employees on its payroll.
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet the working capital requirements | — |
| Prepayment and repayment of all or a portion of certain secured and unsecured loan availed by the company | — |
| General Corporate Purpose and | — |
| To meet the Offer expenses | — |
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 2,728 | 1,544 | 1,142 |
| Revenue | 2,625 | 2,075 | 1,624 |
| PAT | 311 | 110 | 23 |
| Net Worth | 629 | 342 | 232 |
| Reserves | 301 | 312 | 202 |
| Total Borrowing | 938 | 621 | 640 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 765,600 (47%) | — |
| Retail (RII) | — | 766,800 (48%) | — |
| Market Maker | — | 81,600 (5%) | — |
| Total | — | 1,614,000 (100%) | — |
* Amount calculated at upper price band (₹112) · ** Total includes all investor categories
- 1 Initiation of Refund 02 Sep 2024
- 2 Credit of Shares to Demat 02 Sep 2024
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 18x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹10 compares to post-issue EPS of ₹6 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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