Vdeal System's shares had a strong debut on September 3, listing at Rs 170 on the NSE SME platform, a 51.79% premium over the IPO price of Rs 112.
This debut exceeded grey market expectations, where shares were predicted to trade at a 26% premium. The Rs 18-crore IPO was heavily subscribed, with overall demand exceeding 70 times the offer size over three days. Retail investors were particularly active, subscribing 75 times their allocation, while non-institutional investors subscribed 60 times.