Vdeal System IPO subscription status started on August 27, 2024, and will close on August 29, 2024. The company aims to raise approximately ₹18.08 crore via this IPO. The retail quota is 50% and NII is 50%. The price band is fixed at ₹112 per equity share.
The IPO consists of a minimum market lot of 1200 Shares requiring an application amount of ₹1,34,400. Vdeal System is an SME IPO, and it will be listed on the NSE.
Table of contents
IPO Overview
Vdeal System Ltd. stands as a leading provider of solutions in Electrical Panels, Process Instrumentation, Industrial Automation, and Industrial IoT (I-4). Additionally, With over 20 years of expertise, the company has honed its specialization in engineering and system integration, effectively addressing customers’ needs and challenges. As a Premium System Integrator, Vdeal System Ltd. has consequently earned top rankings in the Eastern region from various multinational corporations and clients.
Founded in December 2009, Vdeal System Ltd. provides integrated electrical and automation solutions. Specializing in a range of products, they offer Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, and Smart Variable Frequency Drive (VFD) panels. Additionally, their expertise includes Medium Voltage (MV) Soft Starters, Energy Management Systems (EMS), and Smart Programmable Logic Controller (PLC) panels. Additionally, they provide air-insulated and Sandwich bus ducts. Their comprehensive services encompass in-house product design and development, manufacturing, system integration, and servicing of automation solutions and smart electrical control panels, all adhering to high international IEC standards for quality and safety.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Vdeal System IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 1.22 | 4.18 | 61.46 |
| RII | 7.80 | 22.44 | 76.70 |
| Total | 4.51 | 13.31 | 71.38 |
Vdeal System IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Vdeal System IPO Form
To apply for the Vdeal System, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on August 27, 2024, for NII, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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