Vdeal System IPO

About Vdeal System Limited

Vdeal System Limited, originally incorporated as Swastik Energy System Private Limited on December 10, 2009, in Bhubaneswar, Orissa, underwent a significant transformation over the years. On April 1, 2017, the company acquired the ongoing business of the partnership firm M/s. Vdeal System and changed its name to Vdeal System Private Limited on April 4, 2017.

On January 16, 2024, the company transitioned to a public limited company, adopting the name Vdeal System Limited. The company specialises in providing a range of electrical and automation solutions, including Smart Low-Voltage (LV) panels, Smart Medium-Voltage (MV) panels, Smart Variable-Frequency Drive (VFD) panels, and Energy Management Systems (EMS).

It offers products adhering to high international IEC standards of quality and safety. With strategic business relationships with global electrical players, Vdeal System Limited maintains a competitive edge in the industry.

Vdeal System Limited is also at the forefront of AI-driven innovation, integrating the Internet of Things (IoT), AI, and Machine Learning (ML) into its solutions. This focus on technological advancement aims to enhance communication between people, processes, and things.

The company provides automated solutions across various industries, including manufacturing, energy, building automation, transportation, telecommunications, healthcare, retail, hospitality, and data centres. The company’s mission is to deliver high-quality, competitively priced products and services that exceed customer expectations, emphasising innovative and intelligent electrical solutions.

Industry Outlook:

1. The global smart electrical panels market is projected to grow from USD 5.8 billion in 2022 to USD 10.3 billion by 2032, at a CAGR of 6.1%. This growth is driven by advancements in smart technology and the increased integration of these panels into home automation systems.
2. The low voltage distribution panel market, valued at USD 1.3 billion in 2022, is set to grow at a CAGR of 6.5% through 2032. This growth is attributed to the increasing shift towards renewable energy sources like solar and wind.
3. The IoT market is forecasted to surge from USD 714.48 billion in 2024 to USD 4,062.34 billion by 2032, exhibiting a remarkable CAGR of 24.3%. This expansion is driven by the growing need for data collection and connectivity across various sectors, including industrial automation, healthcare, and manufacturing.

Vdeal System Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Allocate ₹702.58 lakh to cover essential working capital expenses, ensuring smooth operational efficiency and business continuity.
2. Use ₹463.95 lakh for the prepayment and repayment of existing secured and unsecured loans, reducing financial liabilities and interest obligations.
3. ₹370.00 lakh will be utilised for general corporate purposes, supporting various business activities and strategic initiatives.
4. The remaining funds will be used to cover the costs associated with the offer.

Peer Details

As per RHP, the following are the listed companies in India that are engaged in a business line similar to Vdeal System Limited:

1. Akanksha Power and Infrastructure Limited
2. Saakshi Medtech and Panel Limited

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Contact Details of Vdeal System Limited IPO

• Registered office: Plot No. 4/A, 4/B & 6, Janla Industrial Area, Khordha, Jatni - 752054, Orissa, India
• Phone: + 91 0674 2910670
• E-mail: compliance@vdealsystem.com