- The bid offer will close on Thursday, August 29
- The minimum lot size will be 1,200 shares, and there are multiples of those shares available.
- The IPO aims to issue 1,614,000 equity shares valued at ₹18.08 crore to fund working capital and repay loans
NE BUSINESS BUREAU
AHMEDABAD, AUGUST 25
Vdeal System Limited, a manufacturer of smart electrical control panel and automation panel, on Saturday announced its Initial Public Offering subscription will start on Tuesday, August 27, and close on Thursday, August 29. The Vdeal System IPO price band has been set at ₹112 per share, with a ₹10 face value per share. The minimum lot size will be 1,200 shares, and there are multiples of those shares available.
The company is aiming to raise Rs 18.08 Crore.
Vdeal System offers integrated electrical and automation solutions. Smart Low Voltage (LV), Smart Medium Voltage (MV), Smart Variable Frequency Drive (VFD), Medium Voltage (MV) Soft Starter, Energy Management System (EMS), and Smart Programmable Logic Controller (PLC) panels are among the company’s specialties. They also provide sandwich bus ducts and air-insulated bus ducts. They provide smart electrical control panels and automation systems that meet strict international IEC requirements for quality and safety, as well as in-house product design and development, production, system integration, and maintenance.
Dhiraj Kochar, Chairman & Managing Director and CEO of Vdeal System Limited expressed, “This milestone signifies a key accomplishment for Vdeal, showcasing our progress and advancements in electrical control panel and automation solutions since our inception. Our journey has been driven by a commitment to quality and innovation, offering smart electrical control panels. Our integration of IoT, AI, and ML into these solutions ensures real-time data analysis and automated preventive actions.”
“Our strategic partnerships with global electrical players and strong in-house capabilities in product design and system integration have solidified our market position. The IPO will enable us to expand operations, enhance market reach, and invest in future growth opportunities, all while maintaining our focus on quality, reliability, and compliance. We spend three percent of our revenue for research and development. We plan to double it ”
This IPO represents not just a milestone but a stepping stone towards a prosperous and innovative future.”
The equity share allocation for non-Institutional investors (NII) is 7,65,600 equity shares, while the allocation for retail investors is 7,66,800 equity shares and the remaining 81,600 equity shares for the market makers.
Sanjay Bhalotia, Founder & Chairman and Shruti Bhalotia, Director of Affinity Global Capital Market Private Limited said, “The upcoming IPO of Vdeal is a significant milestone in its journey from humble beginning to becoming a key player in the electrical and automation solutions industry. Their growth is strengthened by its strategic partnerships with global players and its strong focus on innovations.
With a diverse product range and a strong commitment to delivering high-quality solutions, they have established a competitive edge in the rapidly expanding electrical and automation sector. The IPO funding positions the company to capitalize on the industry’s growth, which is being driven by increasing demand for smart and efficient solutions.”
The net proceeds from the Issue will be utilized primarily for Funding of Working Capital Requirement of the company, Prepayment and repayment of certain secured and unsecured loan and General Corporate Purposes.
The shares will be listed on the NSE Emerge Platform.
The company made ₹26.23 crore in revenue, ₹5.36 crore in EBITDA, and ₹3.11 crore in PAT in FY24.
The Vdeal System IPO’s book running lead manager is Affinity Global Capital Market Private Limited, with Cameo Corporate Services Ltd serving as the registrar for the issue. Black Fox Financial acts as the market maker for the Vdeal System IPO
