{"id":41177,"date":"2024-08-23T17:25:06","date_gmt":"2024-08-23T11:55:06","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/08\/23\/vdeal-system-limited-ipo-opens-on-27th-august-2024\/"},"modified":"2024-08-23T17:25:06","modified_gmt":"2024-08-23T11:55:06","slug":"vdeal-system-limited-ipo-opens-on-27th-august-2024","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/08\/23\/vdeal-system-limited-ipo-opens-on-27th-august-2024\/","title":{"rendered":"Vdeal System Limited IPO Opens On 27th August 2024"},"content":{"rendered":"<div>\n<div>\n<p>Mumbai (Maharashtra) [India], August 23: Vdeal System Limited, a manufacturer of electrical control panel and automation panel, proposes to open its Initial Public Offering on August 27, 2024. The company is aiming to raise \u20b9 18.08 Crore and shares will be listed on the NSE Emerge Platform.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<p>\u2013 Non-Institutional Investors (NII) \u2013\u00a0Not less than\u00a07,65,600 To Equity Shares<\/p>\n<p>\u2013 Retail Individual Investors (RII) \u2013\u00a0Not less than\u00a07,66,800 To Equity Shares<\/p>\n<p>\u2013 Market Maker \u2013\u00a0Not less than\u00a081,600\u00a0To Equity Shares<\/p>\n<p>The net proceeds from the Issue will be utilized primarily for Funding of Working Capital Requirement of the company, Prepayment and repayment of certain secured and unsecured loans and General Corporate Purposes. The issue will close on August 29, 2024.<\/p>\n<p>The\u00a0Lead Manager to the Issue is\u00a0Affinity Global Capital Market Private Limited,\u00a0The Registrar to the Issue is\u00a0Cameo Corporate Services Limited.<\/p>\n<p>Mr. Dhiraj Kochar,\u00a0Chairman\u00a0&amp;\u00a0Managing Director\u00a0and\u00a0Mrs.\u00a0Tapaswini Panda\u00a0Whole time Director &amp; Chief Financial Officer\u00a0of\u00a0Vdeal\u00a0System\u00a0Limited\u00a0expressed,\u00a0\u201cThis milestone signifies a key accomplishment for\u00a0Vdeal, showcasing our progress and advancements in electrical control panel and automation solutions since our inception.\u00a0Our journey has been driven by a commitment to quality and innovation, offering smart electrical control panels. Our integration of IoT, AI, and ML into these solutions ensures real-time data analysis and automated preventive actions.<\/p>\n<p>Our strategic partnerships with global electrical players and strong in-house capabilities in product design and system integration have solidified our market position. The IPO will enable us to expand operations, enhance market reach, and invest in future growth opportunities, all while maintaining our focus on quality, reliability, and compliance.\u201d<\/p>\n<p>This IPO represents not just a milestone but a stepping stone towards a\u00a0prosperous and innovative future.\u201d<\/p>\n<p>Mr. Sanjay Bhalotia, Founder &amp; Chairman and Mrs. Shruti Bhalotia, Director of Affinity Global Capital Market Private Limited, said, \u201d The upcoming IPO of Vdeal is a significant milestone in its journey from humble beginning to becoming a key player in the electrical and automation solutions industry. Their growth is strengthened by its strategic partnerships with global players and its strong focus on innovations.<\/p>\n<p>With a diverse product range and a strong commitment to delivering high-quality solutions, they have established a competitive edge in the rapidly expanding electrical and automation sector. The IPO funding positions the company to capitalize on the industry\u2019s growth, which is being driven by increasing demand for smart and efficient solutions.\u201d<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], August 23: Vdeal System Limited, a manufacturer of electrical control panel and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":41178,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-41177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/41177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=41177"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/41177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/41178"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=41177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=41177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=41177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}