Vdeal System Ltd - IPO

Vdeal System Ltd IPO Details

Initial public offer of upto 16,14,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Vdeal System Limited (The Company) for cash at a price of Rs. 112/- per equity share (including share premium of Rs. 102/- per equity share) (Offer Price), aggregating up to Rs. 18.08 crores (The Offer), out of which upto 81,600 equity shares aggregating to Rs. 0.91 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less market maker reservation portion i.e., offer of upto 15,32,400 equity shares at an offer price of Rs. 112 /- per equity share aggregating to Rs. 17.16 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 33.00 % and 31.33 %, respectively of the post issue paid up equity share capital of the company.

Objective of issue

To meet working capital expenses. Prepayment and repayment of all or a portion of certain secured and unsecured loan. General corporate purpose.

Vdeal System Ltd Contact Details

Vdeal System Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - compliance@vdealsystem.com

Website - www.vdealsystem.com