Vdeal System, a leader in Smart Electrical Control Panels and Automation Solutions, made an impressive debut on the NSE with its shares trading at ₹178.50, a 59.38% premium over the issue price of ₹112. The stock was listed at ₹170, reflecting a 51.79% increase from the initial public offering (IPO) price. As of the latest trading session, the stock was frozen at its upper limit of 5% over the listing price, showcasing strong demand and investor confidence.

On its first day of trading, Vdeal System saw its shares reach a high of ₹178.50 and a low of ₹161.50. The trading activity was significant, with 11.14 lakh shares of the company changing hands on the NSE. This strong performance highlights the positive market sentiment surrounding Vdeal System’s growth potential and its strategic initiatives.

The company’s IPO, which was open for bidding from 27 August 2024 to 29 August 2024, was oversubscribed by 67.57 times, indicating strong investor interest. The IPO was priced at ₹112 per share and comprised a fresh issue of 16,14,000 equity shares. Following the IPO, the promoter and promoter group shareholding was diluted to 66.96% from 99.97% pre-issue, marking a significant shift in the company’s ownership structure.

Vdeal System plans to utilize the net proceeds from the IPO to meet its working capital requirements, prepay or repay certain secured and unsecured loans, cover offer-related expenses, and support general corporate purposes. These strategic moves are expected to strengthen the company’s financial position and support its ongoing expansion efforts.

Founded as a leading provider of Smart Electrical Control Panels and Automation Solutions, Vdeal System specializes in products such as Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, and Smart Programmable Logic Controller (PLC) panels. The company also offers busducts and has in-house expertise along with global partnerships to deliver high-quality solutions that meet international standards. As of 20 August 2024, the company employs 65 people and is actively developing AI and ML-driven solutions that integrate IoT technology into a cloud-based SaaS model, positioning itself at the forefront of industry innovation.

For the financial period ending 31 March 2024, Vdeal System recorded revenue from operations of ₹26.22 crore and a net profit of ₹3.11 crore, reflecting its solid financial performance and operational efficiency. The company’s focus on innovation and quality has earned it a strong reputation in the market, making it a preferred partner for clients seeking advanced automation solutions.

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