Vdeal System Limited

27 Aug 2024 - 29 Aug 2024 Individual Category SME NSE

Min Investment

₹268800

Price Band

₹112

Issue Size

16.14 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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27 Aug 2024

Open Date

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29 Aug 2024

Close Date

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30 Aug 2024

Allotment Date

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03 Sep 2024

Listing Date

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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About Vdeal System Limited

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.

Founded

2009

Managing Director

Mr Dhiraj Kochar, Mrs Tapaswini Panda, Mr Brahmananda Patra and Reveal AI Technologies Private Limit

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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