Vdeal System IPO Details
The Vdeal System IPO is a fixed price issue with a total issue size of ₹18.08 cr, comprising of fresh issue of 1614000 equity shares. Vdeal System IPO opened for subscription on Aug 27, 2024 and closed on Aug 29, 2024. Vdeal System IPO has set the price at ₹112 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹268,800.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 30, 2024, and listed on the NSE on Sep 03, 2024.
Cameo Corporate Services Limited has been appointed as the registrar. Affinity Global Capital Market Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Vdeal System IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 112 – 112
- Lot Size
- 1200
- Issue Size
- ₹18.08 Cr
- Minimum Investment
- ₹268800 (2400 Shares)
- Listing Date
- 03 September 2024
Current GMP
₹26 (+23.21%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Vdeal System Limited
Vdeal System Limited is ISO 9001:2015 certified and provides solutions in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starters, Energy Management Systems (EMS), and Smart Programmable Logic Controller (PLC) panels. They also offer air-insulated and sandwich bus ducts, supported by in-house product design and development, manufacturing, system integration, and servicing of automation solutions. Their smart electrical control panels adhere to high international IEC standards of quality and safety.
The company is also driving the next wave of innovation by integrating Artificial Intelligence (AI) and Machine Learning (ML) into their solutions. They are developing AI and ML-driven innovations that can seamlessly incorporate the Internet of Things (IoT) into a cloud-based Software as a Service (SaaS) model.
The company’s product portfolio includes the Sense IoT Gateway, Reveal Sense Node, and REVNET IIoT Platform. The manufacturing unit is located in Bhubaneswar, Orissa. As of 20 August 2024, the company has 65 employees on its payroll.
Vdeal System IPO Promoters
- Mr. Dhiraj Kochar
- Mrs. Tapaswini Panda
- Mr. Brahmananda Patra
- Reveal AI Technologies Private Limited
Promoters Holding
Holding Pre Issue
99.97%
Holding Post Issue
66.96%
Vdeal System IPO Objective
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
Address / Contact Info
Vdeal System Limited
Plot No. 4/A
A, 4/B & 6, Janla Industrial Area
Khordha, Jatni - 752054
Phone: + 91 0674 291067
Email: compliance@vdealsystem.com
Website: http://www.vdealsystem.com
IPO Snapshot
Book Running Lead Managers
- Affinity Global Capital Market Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Vdeal System IPO is a Fixed price IPO with a total issue size of ₹18.08 crore. The Vdeal System IPO price band is ₹112 to 112 per share. The Vdeal System IPO subscription opens on Tue, Aug 27, 2024, and closes on Thu, Aug 29, 2024. The Vdeal System IPO will be listed on the NSE. Cameo Corporate Services Limited is the registrar for the Vdeal System IPO.
The Vdeal System IPO opens on Tue, Aug 27, 2024 and closes on Thu, Aug 29, 2024
Vdeal System IPO Price Band is ₹112 to 112 per share.
Vdeal System IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹268800 based on the upper price band
The minimum investment for Vdeal System IPO is ₹268800, based on one lot of 1200 shares at the upper price band of ₹112 per share.
Investors can apply for the Vdeal System IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 29, 2024. The application amount remains blocked until the Vdeal System IPO allotment is finalized.
Vdeal System IPO issue size is ₹18.08 crores.
Vdeal System IPO allotment date is Wed, Jul 1, 2026.
The registrar for Vdeal System IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Vdeal System IPO allotment status, refund processing, and other IPO-related information.
The Vdeal System IPO GMP (Grey Market Premium) is ₹26 as of Thu, Aug 29, 2024. Based on the upper price band of ₹112 per share, the estimated Vdeal System IPO listing price is ₹138, indicating a potential listing gain of approximately 0% over the issue price.