Skip to main content

"ideaForge Technology IPO: Strong Response Expected as Shares Debut in Grey Market at a Premium"

ideaForge Technology Limited launched its initial public offering (IPO) today, on June 26, 2023, and the subscription period will continue until June 29, 2023. The drone maker has set the price band for the ideaForge IPO at ₹638 to ₹672 per equity share. However, ideaForge shares have already made their debut in the grey market, with a premium of ₹450 per share, according to market observers.

The response from retail investors to the ideaForge IPO has been strong. As of 05:00 PM on the first day of bidding, the IPO has been subscribed 3.69 times overall. The retail portion has been subscribed 12.48 times, and the employee category has been subscribed 8.47 times. In the Non-Institutional Investor (NII) category, the public issue has been subscribed to 5.13 times, while the Qualified Institutional Buyer (QIB) portion has been subscribed to 1%.


Here are some important details regarding the ideaForge Technology IPO:


1. ideaForge IPO GMP: The grey market premium (GMP) for the ideaForge Technology IPO is currently ₹485. This suggests that the grey market anticipates a listing gain of around 70 percent from the IPO's subscription opening date.


2. ideaForge IPO subscription status: As of 03:24 PM on the first day of bidding, the ideaForge IPO has been subscribed 2.47 times overall. The retail portion has been subscribed 9.31 times, and the NII category has been subscribed 2.78 times.


3. ideaForge IPO price: The price range for the ideaForge Technology IPO has been set at ₹638 to ₹672 per equity share.


4. ideaForge IPO allotment date: The ideaForge IPO allotment date is expected to be on July 4, 2023, following the closure of the subscription.


5. ideaForge IPO size: The company aims to raise ₹567 crores from its public offer.


6. ideaForge IPO lot size: Bidders can apply for lots, with each lot consisting of 22 company shares.


7. ideaForge IPO listing: The company plans to list its shares on both the NSE and BSE, with the anticipated listing date being July 7, 2023.


8. ideaForge IPO registrar: Link Intime India Private Ltd has been appointed as the official registrar of the public issue.


9. ideaForge IPO review: Analysts from Motilal Oswal have given a "subscribe" rating to the ideaForge IPO, citing the company's strong market position, diverse product portfolio, and favorable industry outlook. Marwari Financial Services also recommends subscribing to the IPO, considering ideaForge's leadership in the Indian UAS industry and its reasonable valuation.


Note: The views and recommendations expressed in this article belong to individual analysts and do not represent the views of Mint. Investors should consult certified experts before making any investment decisions.

Comments

Post a Comment

Popular posts from this blog

"Significant Improvement in Breast Cancer Survival Rates for Women Diagnosed with Early-Stage Disease"

Women diagnosed with early-stage breast cancer today have shown a significant improvement in survival rates compared to those diagnosed in the 1990s, according to recent research.  The study conducted by Oxford Population Health revealed that the risk of dying from breast cancer within five years of diagnosis has decreased by 66% over the past two decades.  This positive trend is an encouraging development in cancer research, and further analysis will be undertaken to better understand and reduce risks for patients based on specific characteristics such as age, screening detection, lymph node involvement, and tumor size and grade. The study focused on women who underwent surgical treatment for early breast cancer. It utilized routine data from the National Cancer Registration and Analysis Service, examining 512,447 women diagnosed with early breast cancer in England between 1993 and 2015.  The women included in the study were followed until December 2020. However, the stu...
Post a Comment
Read Code

"Titanic-Submarine "Race Against Time: The Search for the Missing Submersible in the North Atlantic"

In a race against time, international search operations are intensifying as fears grow over the fate of a missing submersible in the North Atlantic Ocean. With five people on board, including the CEO and founder of OceanGate Expeditions, the situation has reached a critical juncture, prompting the deployment of advanced equipment and specialized teams. The submersible, named Titan, typically carries 96 hours of life support as it embarks on exploratory missions to the wreckage of the Titanic. However, since it went missing on Sunday morning, Thursday morning has become a pivotal moment for locating the vessel and its passengers. A remotely operated vehicle (ROV) is now scanning the sea floor in search of the submersible, while another crucial ROV capable of attaching lifting cables to Titan has been dispatched to the site.  This additional ROV, known for its extensive experience at the site, is expected to aid in the rescue efforts. Meanwhile, aircraft are conducting scans over a v...
Post a Comment
Read Code

"The Untimely Demise of YouTube Comedian Devraj Patel known for "Dil Se Bura Lagta Hai" Meme: Chief Minister Bhupesh Baghel Expresses Condolences. "

Chhattisgarh Chief Minister Bhupesh Baghel expressed his condolences over the tragic death of Devraj Patel, a well-known comedian and popular YouTuber from Chhattisgarh. Devraj Patel gained fame for his dialogue "Dil Se Bura Lagta Hai Bhai" on Instagram and collaborated with renowned YouTuber Bhuvan Bam.  The Chief Minister shared his sadness and sympathy for the loss of Devraj Patel's life. The accident that claimed Devraj Patel's life was a road accident, as reported by the media. It is believed that he was on his way to shoot a comedy video when his vehicle collided with a truck. In a tweet, Chief Minister Bhupesh Baghel expressed his grief, stating that Devraj Patel, who brought laughter to millions with his popular catchphrase, "Dil Se Bura Lagta Hai," has left this world.  He mentioned the pain caused by losing such a talented individual at such a young age and extended his prayers for strength to the family and loved ones of Devraj Patel. He also shar...
Post a Comment
Read Code