What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Vdeal System Limited IPO allotment date?

The basis of allotment for Vdeal System Limited IPO is scheduled to be finalized on 30 Aug 2024.

Where can I check Vdeal System Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Cameo Corporate Services Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 31 Aug 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

Vdeal System Limited

ListedSME

Emerging SME Services · NSE

Vdeal System Limited, established in December 2009, is an ISO 9001:2015 certified company specializing in electrical and automation solutions. It designs and manufactures smart Low Voltage (LV) and Medium Voltage (MV) panels, Variable Frequency Drive (VFD) panels, Medium Voltage Soft Starters, Energy Management Systems (EMS), and Programmable Logic Controller (PLC) panels. The company also provides air-insulated and sandwich bus ducts, along with advanced IoT and IIoT solutions like the Sense IoT Gateway, Reveal Sense Node, and REVNET IIoT Platform. Based in Bhubaneswar, Orissa, Vdeal System Limited operates a dedicated manufacturing facility and, as of August 20, 2024, has a team of 65 employees.

Price Band

₹112

Issue Size

₹18.08 Cr

Lot Size

1200 shares

GMP

₹30

+26.8%

Est. Listing

₹142

at current GMP

Subscribed

71.17x

overall

Open

27 Aug 2024

29 Aug 2024

Allotment

30 Aug 2024

Refund

31 Aug 2024

Demat Credit

1 Sep 2024

Listing

3 Sep 2024

Last updated over 1 year ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Vdeal System Limited Allotment Status

Designated Registrar: Cameo Corporate Services Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

30 Aug 2024

Basis finalization

Refunds Initiate

31 Aug 2024

Mandate release

Demat Credit

1 Sep 2024

Shares in demat

Listing Debut

3 Sep 2024

Trading begins

About Vdeal System Limited Public Issue & Market Profile

Vdeal System Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹18.08 Crores. The shares are offered at a price band of ₹112 to ₹112 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,34,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-01, while un-allotted funds or UPI block mandates will be released on 2024-08-31.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.