Vdeal System IPO

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.

The company intend to utilize the issue proceeds to meet the following objects: 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

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