Vdeal System Limited IPO : Vdeal System Limited is a Bhubaneswar, Odisha-based electrical panel manufacturer and industrial automation and process instrumentation service provider. The company’s headquarters is in Janla Industrial Area Khordha, Jatni, Bhubaneswar.
Vdeal System IPO is going to be open to the public on August 27, 2024 and the closing date of the IPO is August 29, 2024. The share allotment date of the Vdeal System Limited IPO is August 30, 2024 and the listing date is September 3, 2024. The Vdeal System Limited IPO is a fresh-issue and SME Fixed Price Issue initial public offering (IPO), with a fresh issue size of ₹18.08 crore for 16.14 lakh shares. The price band of the Vdeal System IPO is set at ₹112 per share, and the lot size is 1200 shares per lot.
Vdeal System IPO Details
| IPO Date | August 27, 2024, to August 29, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Face Value | ₹10 per share |
| Price | ₹112 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | ₹18.08 crore for 1,614,000 shares |
| Fresh Issue | ₹18.08 crore for 1,614,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Overall Subscription | 4.34x |
| Listing At | NSE SME |
Vdeal System IPO Important Dates
| IPO Open Date | Tuesday, August 27, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
Vdeal System IPO GMP Today
The last updated Grey Market Premium (GMP) for the Vdeal System IPO is up to ₹34. The offering price for the Vdeal System Limited IPO is ₹112 per share.
| GMP Date | IPO Price | GMP Price |
| August 28, 2024 | ₹112 | ₹34 |
| August 27, 2024 | ₹112 | ₹60 |
| August 26, 2024 | ₹112 | ₹60 |
Vdeal System IPO Lot Size
Vdeal System IPO offers a minimum of 1200 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 1 lot, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots and a maximum of 4 lots.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹134,400 |
| Retail (Max) | 1 | 1200 | ₹134,400 |
| HNI (Min) | 2 | 2,400 | ₹268,800 |
