Vdeal System IPO Subscription Status

Vdeal System IPO - Day 3 Subscription at 21.71 times

Vdeal System IPO will close on 29th August 2024. Shares of Vdeal System will likely be listed on 3rd September on the NSE SME platform. As of 29th August 2024, Vdeal System IPO received bids for 3,32,67,600 shares, much more than the 15,32,400 shares offered. This means Vdeal System IPO was oversubscribed 21.71 times by the end of day 3.
 

Here are the subscription details for the Vdeal System IPO as of Day 3 (29th August 2024 at 11:46:02 AM):

Vdeal System IPO subscription was mainly driven by retail investors on day 3, followed by HNI / NII investors. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the market-making segment of the IPO.

QIBs are large institutional investors, such as mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Vdeal System IPO for Days 1, 2, and 3:

On day 1, the Vdeal System IPO was subscribed 4.51 times. By day 2, the subscription status had risen to 13.31 times; on day 3, it reached 21.71 times.

Here are the subscription details for Vdeal System IPO by category as of Day 3:

Vdeal System IPO - Day 2 Subscription at 13.31 Times

Vdeal System IPO will close on 29th August 2024. Shares of Vdeal System will likely be listed on 3rd September on NSE SME platform. As of 28th August 2024, Vdeal System IPO received bids for 2,03,96,644 shares much more than the 15,32,400 shares offered. This means Vdeal System IPO was oversubscribed 13.31 times by the end of day 2.
 

Here are the subscription details for the Vdeal System IPO as of Day 2 (28th August 2024 at 5:00 pm):

Vdeal System IPO subscription was mainly driven by retail investors on day 2, followed by NII investors. Overall subscription figures do not include the market-making segment of the IPO.

Here are the subscription details for Vdeal System IPO by category as of Day 2:
 

Data Source: NSE

On day 1, Vdeal System IPO was subscribed 4.51 times. By day 2, the subscription status had risen to 13.31 times. Non-Institutional Investors (NIIs) subscribed 4.18 times, while Retail Investors subscribed 22.44 times. Overall, Vdeal System IPO was subscribed 13.31 times on Day 2.

Vdeal System IPO - Day 1 Subscription at 4.51 Times

Vdeal System IPO will close on 29th August 2024. Shares of Vdeal System Limited are likely to be listed on 3rd September 2024. Shares of Vdeal System Limited will make a trading debut on the NSE SME platform. On 27th August 2024, Vdeal System IPO received bids for 69,11,124 shares, much more than the 15,32,400 shares available. This means that Vdeal System IPO was subscribed 4.51 times by the end of Day 1.

Here are the subscription details for Vdeal System IPO as of Day 1 (27th August 2024 at 5:00 pm):

Vdeal System IPO subscription was mainly driven by retail investors, followed by Non-Institutional Investors (NIIs). The overall subscription numbers exclude the market-making segment of the IPO.

Here are the subscription details for Vdeal System IPO by category as of Day 1:

Data Source: NSE

On day 1, the Vdeal System IPO was subscribed 4.51 times. The Non-Institutional Investors (NIIs) portion subscribed at 1.22 times, and Retail Investors subscribed at 7.80 times. Overall, the IPO was subscribed 4.51 times.

About Vdeal System Limited

Incorporated in December 2009, Vdeal System Limited is an Integrated Electrical and Automation solution provider. The company specializes in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starter, Energy Management System (EMS), and Smart Programmable Logic Controller (PLC) panels. They also offer air-insulated & Sandwich bus ducts. Their services include in-house product design & development, manufacturing, system integration, and servicing of automation solutions and smart electrical control panels that comply with high international IEC standards for quality and safety.

The company is ISO 9001:2015 certified.

The company's product portfolio includes seveal Sense IoT Gateway, Reveal Sense Node and REVNET IIoT Platform. The company's manufacturing unit is situated in Bhubaneswar, Orissa. As of August 20, 2024, the company has employed 65 employees on its payroll.

Highlights of the Vdeal System IPO

• IPO type: Fixed Price Issue
• IPO size: ₹18.08 crores
• Fresh issue: 16.14 lakh shares
• Face value: ₹10 per share
• Issue price: ₹112 per share
• Lot size: 1200 shares
• Minimum investment for retail investors: ₹134,400
• The minimum investment for HNI: 2 lots (2,400 shares), ₹268,800
• Listing at: NSE SME
• IPO opens: 27th August 2024
• IPO closes: 29th August 2024
• Allotment date: 30th August 2024
• Listing date: 3rd September 2024
• Registrar: Cameo Corporate Services Limited
• Book Running Lead Manager: Affinity Global Capital Market Private Limited