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SME IPO Status: Listed [27th Aug 2024 to 29th Aug 2024]
Vdeal System IPO, a SME IPO of ₹18.08 Cr was launced on 27-08-2024 to 29-08-2024 and the shares got listed on NSE SME on 03-09-2024.
The public issue of Vdeal System IPO (VDEAL) was offered at ₹112.00 per share and the ipo was listed at ₹170.00. It has delivered listing gain of 51.79%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 69600.00 per lot return on listing.
| SME IPO Issue Opening Date: | 27th Aug 2024 |
| SME IPO Issue Closing Date: | 29th Aug 2024 |
| SME IPO Issue Price: | ₹112.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹18.08 Cr |
| Fresh Issue: | ₹18.08 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.97% |
| Promoter Holding Post IPO: | 66.96% |
| Allotment Status: | Allotment Status |
| NSE Code: | VDEAL |
Get important updates regarding Vdeal System SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 30th Aug 2024 |
| Refunds Initiation* | 2nd Sep 2024 |
| Credit of Shares to Demat* | 2nd Sep 2024 |
| SME IPO Listing Date* | 3rd Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹112.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹134400 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹268800 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-09-2024 | 112.00 | 30 | 27400 | ₹142 (26.79%) | 3-Sep-2024 10:25 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Vdeal System Limited was founded in December 2009. The company offers air-insulated and sandwich bus cables, supported by in-house product design and development, manufacturing, system integration and maintenance of automation solutions and intelligent electrical control panels that meet high international IEC standards for quality and safety. Such strategic partnerships with renowned brand manufacturers give us a competitive advantage over our competitors.
Your Company is a growing provider of integrated electrical and automation solutions, offering comprehensive electrical solutions for various industries and is present in several industry segments. Their products are supplied to industrial companies via a business-to-business (B2B) model.
The company is also driving the next wave of AI (Artificial Intelligence) and ML (Machine Learning) driven innovation solutions that can integrate IOT (Internet of Things), AI and ML into a cloud-based Software-as-a-Service (SaaS) model. In recent years, the IoT has become one of the most important technologies of the 21st century, enabling everyday objects such as kitchen appliances, cars, thermostats and baby monitors to be connected to the internet via embedded devices.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Other Electrical Equipment | ₹18.08 Cr | http://www.vdealsystem.com/ |
The company intend to utilize the issue proceeds to meet the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 766,200 (50%) | 766,200 (50%) | 1,532,400 | |
| 1 | 27th Aug 2024 19:31 | 1.22x | 7.80x | 4.51x |
| 2 | 28th Aug 2024 19:31 | 4.18x | 22.44x | 13.31x |
| 3 | 29th Aug 2024 18:21 | 61.46x | 76.70x | 71.38x |
Vdeal System Limited's revenue increased by 26% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 2,727.93 | 1,544.44 | 1,142.33 | |||||||||||||||||||||||||||
| Revenue | 2,625.08 | 2,075.41 | 1,623.96 | |||||||||||||||||||||||||||
| Profit After Tax | 311.38 | 110.09 | 23.1 | |||||||||||||||||||||||||||
| Net Worth | 628.75 | 341.83 | 231.73 | |||||||||||||||||||||||||||
| Reserves and Surplus | 301.1 | 312.04 | 201.95 | |||||||||||||||||||||||||||
| Total Borrowing | 937.67 | 621.02 | 639.51 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Vdeal System Limited | 9.5 | 9.5 | 19.19 | 11.79 | 49.52 | |
| Akanksha Power And Infrastructure Limited | 1.82 | 1.82 | 24.35 | 72.45 | 5.9 | |
| Saakshi Medtech And Panels Limited | 6.41 | 6.41 | 52.86 | 40.25 | 12.11 |
Last Updated on 07-Sep-2024 07:03:19
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Vdeal System SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Vdeal System SME IPO with Zerodha.
Alternate approch to apply in Vdeal System SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Vdeal System SME IPO Review and Important Updates
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To subscribe or apply in Vdeal System SME IPO, you can use the following methods:
| Vdeal System SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Vdeal System SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Vdeal System SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Vdeal System SME IPO. Most of the Syndicate Banks provide access to apply in Vdeal System IPO via ASBA process. You must have your net banking access, DP ID information to apply in Vdeal System SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Vdeal System SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Vdeal System SME IPO Review and Important Updates
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Vdeal System SME IPO is going to be list on 03-09-2024. NSE Code for Vdeal System is VDEAL.
Other relevant questions:
When Vdeal System SME IPO will be listing? Vdeal System SME IPO NSE listing date?Vdeal System SME IPO date of listing
Vdeal System SME IPO Allotment Date is 30-08-2024.
Other relevant questions:
Vdeal System SME IPO share allotment date?Vdeal System SME IPO allotment date?
