Vdeal System Limited IPO

Vdeal System Limited IPO opens on August 27, 2024, and closes on August 29, 2024. The allotment for the Vdeal System Limited IPO is anticipated to be completed on Friday, August 30, 2024. The IPO will be tentatively listed on the SME and NSE on Tuesday, September 3, 2024.

The Vdeal System Limited IPO’s price band is Rs 112 per share. The IPO is a book-built issue of Rs  18.08 crores. crores, an entirely new issue of 16.14 lakh shares.

Vdeal System IPO Details

Vdeal System IPO Lot Size

Vdeal System IPO Objectives

The company intends to utilize the issue proceeds to meet the following objectives:

1. General Corporate Purpose
2. To meet the working capital requirements
3. Prepayment and repayment of all or a portion of certain secured and unsecured loans availed by the company
4. To meet the Offer expenses

About Vdeal System Limited

Founded in December 2009, Vdeal System Limited is a premier provider of integrated electrical and automation solutions, offering a range of products including Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, MV Soft Starters, Energy Management Systems (EMS), and Smart Programmable Logic Controller (PLC) panels. They also supply air-insulated and Sandwich bus ducts. The company boasts ISO 9001:2015 certification and operates a state-of-the-art manufacturing facility in Bhubaneswar, Orissa. Their comprehensive services encompass in-house product design, development, manufacturing, system integration, and maintenance, adhering to stringent international IEC quality and safety standards. Vdeal System Limited’s product lineup features advanced technologies like the Sense IoT Gateway, Reveal Sense Node, and REVNET IIoT Platform. As of August 20, 2024, the company employs a dedicated team of 65 professionals.

Vdeal System Limited Financial Information

Vdeal System IPO Reservation

Vdeal System IPO Timeline

Vdeal System IPO opens on August 27, 2024, and closes on August 29, 2024.