Vdeal System Limited IPO GMP

Vdeal System Ltd. is the complete solution provider in the field of Electrical Panels, Industrial Automation, Process Instrumentation & Industrial IoT (I-4). They have more than 20 years of experience in providing automation solutions to many valued customers in India. 

Vdeal, a Fixed Price Issue amounting to ₹18.07 crores, consisting entirely a Fresh Issue of 16.14 Lakh Shares. The subscription period for the Vdeal IPO opens on August 27, 2024, and closes on August 29, 2024. The allotment is expected to be finalized on or about Friday, August 30, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, September 03, 2024.

The Share price of Vdeal IPO is set at ₹112 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹134,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹268,800.

Affinity Global Capital Market Private Limited is the book-running lead manager, CAMEO CORPORATE SERVICES LIMITED is the registrar for the Issue. M/s Black Fox Financial Private Limited will act as the Market Maker for the Vdeal System IPO.

Vdeal System Limited IPO GMP Today
The Grey Market Premium of Vdeal System Limited IPO is expected in the range of ₹75 to ₹80 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Vdeal System Limited IPO Allotment Status
Vdeal IPO allotment date is 30 August, 2024, Friday. Vdeal System IPO Allotment will be out on 30th August 2024 and will be live on Registrar Website from the allotment date. Check Vdeal System Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Vdeal System Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Vdeal System Limited IPO
Vdeal Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹702.58 Lakhs is required to meet the working capital requirements 
2. ₹463.95 Lakhs is required for Prepayment and repayment of all or a portion of certain secured and unsecured loan availed by their company 
3. ₹370.00 Lakhs is required for General Corporate Purpose and 
4. To meet the Offer expenses

Refer to Vdeal System Limited RHP for more details about the Company.