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Vdeal System IPO
Vdeal System Ltd
₹1,34,400 /1200 sharesMinimum Investment
Vdeal System IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 27 Aug ‘24 - 29 Aug ‘24 | ₹1,34,400 | 1,200 | ₹112 - ₹112 |
| Issue Size | IPO Doc |
|---|---|
| 18.08Cr | RHP PDF |
About Vdeal System
Founded in
2009
Managing director
Mr. Dhiraj Kochar
Parent organisation
Vdeal System Ltd
Strengths & Financials of Vdeal System
Strengths
Risks
Vdeal System holds an ISO 9001:2015 certification for manufacturing and servicing of electrical control panels.
The company is involved in turnkey projects that include the supply, installation, erection, commissioning, and maintenance of electrical infrastructure up to 33 KV. This includes metering cubicles, H.T. bus ducts, and providing technical support.
Vdeal System manufactures smart electrical control panels that comply with the international standard IEC 61439 Parts 1 and 2.
The manufacturing facility of Vdeal System is located in Bhubaneswar, Orissa. The facility adheres to the international standards of IEC 61439.
Vdeal System has seen a consistent increase in revenue from operations and profit after tax (PAT). It increased from Rs 16.18 crore in FY22 to Rs 20.72 crore in FY23 to Rs 26.23 crore in FY24. PAT increased from Rs 0.23 crore in FY22 to Rs 1.10 crore in FY23 and Rs 3.11 crore in FY24.
Vdeal System is significantly dependent on its top 10 customers for revenue. These major customers accounted for Rs 14.46 crore (55.14%) in FY24, 15.73 crore (75.90%) in FY23, and 11.41 crore (70.50%) in FY22 of revenue from operations. Any loss of these customers or slowdown in business from them could have an adverse impact on the company’s business.
The company and its directors are involved in certain legal proceedings, some of which are criminal too. Any adverse judgment in any of these cases could negatively impact the company’s business prospects.
A major portion of Vdeal System’s revenue is generated from the eastern part of India. A reduction in business from this region could have a negative impact on the company’s revenue and profits.
The company had total outstanding borrowings worth Rs 9.41 crore as of March 31, 2024. Any inability to service or repay these loans on time could negatively impact the company’s standing.
Vdeal System’s business relies heavily on its design and engineering teams to provide accurate estimates and conduct engineering studies for potential projects. Any inability on their part to execute this work correctly could hurt the company’s business.
Vdeal System Financials
*All values are in Rs. Cr
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Application Details of Vdeal System IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹112 - 112 | ₹2 - 5 Lakh |
| High Networth Individual | ₹112 - 112 | ₹2 - 5 Lakh |
For Vdeal System IPO, eligible investors can apply as Regular.