Vdeal System IPO: Checkout These Details Before Applying

• Vdeal System IPO is a fixed price issue worth up to Rs 18.08 crores.
• Bidding opens on August 27 and closes on August 29, 2024.
• Vdeal System SME IPO price set at Rs 112 per share.
• The minimum amount required for retail investors is Rs 1,34,400.

Vdeal System IPO: Synopsis

Vdeal System is open for subscription from Tuesday, August 27, 2024, and closing on Thursday, August 29, 2024. The price for this IPO is set at Rs 112 per share.

Vdeal System’ IPO is offering entirely a fresh issue of 16.14 lakh of equity shares. The allotment for this new IPO is expected to be finalized on Friday, August 30, 2024. The listing of this IPO will be done on Tuesday, September 3, 2024, at NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 1200 shares. For retail investors, the minimum and maximum investment amount required is Rs 134,400. However, for the HNI category, the minimum lot size is 2 lots, i.e., 2,400 shares amounting to Rs 268,800.

The IPO is managed by Affinity Global Capital Market Private Limited, which is the book-running lead manager of this public issue. The company has appointed Cameo Corporate Services Private Limited as the registrar for the issue. In contrast, Black Fox Financial is the market maker for the Vdeal System IPO.

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Vdeal System Limited: About the Company

Vdeal System Limited incorporated in December 2009 is an Integrated Electrical and Automation solution provider. The company specializes in manufacturing smart low and medium voltage panels, smart variable frequency drive (VFD) panels, and medium voltage soft starters. They also offer energy management systems (EMS), smart programmable logic controller (PLC) panels, and air-insulated & sandwich bus ducts.

Vdeal System Limited is ISO 9001:2015 certified and adheres to high international IEC standards for quality and safety. The company operates a manufacturing unit in Bhubaneswar, Orissa, and employs 65 staff as of August 20, 2024.

Vdeal System IPO: Objectives

The company intends to utilize the fundins to achieve the following objectives: meeting the working capital requirements, prepaying and repaying all or a portion of certain secured and unsecured loans availed by the company, addressing general corporate purposes, and covering the Office expenses.

Vdeal System IPO: Other Important Details

Time Table of Vdeal System IPO

Vdeal System IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Vdeal System Limited and Their Holdings

The company's promoters are Mr Dhiraj Kochar, Mrs Tapaswini Panda, Mr Brahmananda Patra and Reveal AI Technologies Private Limited. The promoters collectively held 99.97% of the company's shares. However, post-IPO, their combined shareholding will be 66.97%.

FAQs

1.      What are the core details available for the Vdeal System IPO?

Vdeal System IPO is a Fixed-price issue of 16.14 lakh equity shares. This upcoming IPO is offering a fresh issue of 16.14 lakh equity shares worth up to Rs 18.08 crores. The allotment for this new IPO is expected to be finalised on Friday, August 30, 2024.

2.      How can I apply for the Vdeal System IPO?

The public subscription of this new IPO opens on August 27 and closes on August 29, 2024. Click here to initiate the application process.

3.      Who is the lead manager(s) for the Vdeal System IPO?

Affinity Global Capital Market Private Limited was appointed as the book-running lead manager for the IPO.

4.      Who is appointed as the registrar for this IPO?

Cameo Corporate Services Limited has been appointed as the registrar for this public issue.

5.      How will the net proceeds from the IPO be utilised?

The company intends to utilise the funding to achieve the following objectives: meeting the working capital requirements, prepaying and repaying all or a portion of certain secured and unsecured loans availed by the company, addressing general corporate purposes, and covering the Office expenses.

6.      How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the Vdeal System IPO by visiting here, for further updates, follow Bigul.

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