Vdeal System IPO allotment expected today: Steps to check status on NSE, Cameo Corporate Services

Vdeal System Limited IPO share allotment status is expected to be finalised on Friday, August 30, after the public offer closed saw a strong demand during the subscription period.

The IPO was open for subscription from August 27 to August 29.

The NSE SME issue witnessed an overall subscription of more than 68 times. The initial public offering of the electrical and automation solution provider received applications for over 10.44 crore shares against 15.32 lakh shares on offer. The retail portion was booked 75 times while the Non-Institutional Investors' (NIIs) category was subscribed nearly 57 times.

Investors who applied for the IPO shares can check the allotment status on the NSE website and the registrar’s portal. Cameo Corporate Services Limited is the registrar for the Vdeal System IPO.

Steps to check Vdeal System IPO share allotment status on the registrar's website:

• Open the IPO allotment status page on the Cameo Corporate Services Limited website- https://ipo.cameoindia.com/
• Select Any of the Links from 3 options
• Choose Vdeal System IPO from the dropdown menu for company names
• Choose any of these – Client-ID, Application Number or PAN
• Enter the Captcha code and click on ‘Submit’

Your Vdeal System IPO allotment status will be displayed on the screen. It’s important to note that the share allotment details will appear only after the company completes the allocation.

How to check Vdeal System IPO share allotment status on the NSE website

• Open the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• First register yourself if you are not already registered by clicking on the "Sign Up" option. Provide your name, address and PAN details for registration.
• After registration, enter your username, password, and the given captcha code.
• On the next page, you can verify your IPO allocation status.

Vdeal System IPO details

The ₹18.08-crore Vdeal System IPO was entirely a fresh issue of 16.14 lakh shares. The IPO price was fixed at ₹112 per share.

The minimum lot size for each application was 1,200 shares, amounting to a minimum investment of ₹1,34,400.

After share allotment, refunds and credit of shares into Demat accounts will be done on September 2. The IPO listing date has been tentatively fixed as September 3.

Vdeal System IPO objective

Vdeal System Limited intends to use the net proceeds from the issue to pay its loans, while some parts of the proceeds could be used for general corporate purposes and to meet working capital requirements.

About Vdeal System Limited

Vdeal System Limited is an integrated provider of electrical and automation solutions. Founded in 2009, the company specialises in smart low and medium-voltage panels, variable frequency drive panels, medium-voltage soft starters, energy management systems, and programmable logic controller panels. The range of services provided by the company includes product design, manufacturing, system integration and maintenance of automation solutions.