Ideaforge IPO gets investors interested in primary market: Should you subscribe?
1 year, 5 months ago

Ideaforge IPO gets investors interested in primary market: Should you subscribe?

Live Mint  

The initial public offering of IdeaForge Technology Ltd was subscribed 13.27 times on Day 2.Retail investors, employees, and non-institutional investors responded to the issue overall quite enthusiastically on the second day of the subscription. The issue has received a 'subscribe' rating from brokerage firms such Motilal Oswal, SBICAP Securities, Hem Securities, Hensex Securities, BP Equities, Choice Equity, Arihant Capital, Swastika Investmart, GEPL Capital, INDSEC Securities, and Marwadi Financial Services. At upper price band of ₹672, company is looking for post issue market cap of ₹2,800 crore, Which implies a earning multiple of 87.53.The Indian drone industry is projected to grow at an impressive80% CAGR from FY22 to FY27, with a potential market size of USD 2.7 billion in 2022, reaching USD 812 million. “Considering the healthy business prospects, indigenous design and technological capabilities, diversified product portfolio, ability to deliver customer centric offerings and huge potential for Drone industry itself, we recommend ‘subscribe’ to the issue,” said the brokerage.

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History of this topic

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?
1 week, 3 days ago

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?

India Today  

Today is the last day to bid for the initial public offering of Mobikwik IPO after it opened for subscription on Wednesday aiming to raise Rs 572 crore. Mobikwik IPO has seen very strong demand among investors and was fully booked within the first hour of opening for subscription. The Mobikwik IPO has been oversubscribed by 63.09 times, reflecting strong …

Ixigo listing today: Stock expected to list at 30% premium to IPO price
6 months ago

Ixigo listing today: Stock expected to list at 30% premium to IPO price

Hindustan Times  

Shares of Le Travenues Technology, parent company of travel aggregator Ixigo, may make a decent debut on bourses today. Ahead of the listing, the shares were trading at a 31 per cent premium in the grey market- implying that the stock should list at more than 30 per cent premium from its issue price of ₹93 a share. Ixigo IPO: …

Nine IPOs coming next week, 24 in total over next few months
6 months, 1 week ago

Nine IPOs coming next week, 24 in total over next few months

Hindustan Times  

Next week will see 9 new IPOs, according to a Mint report. SBI Capital Markets Limited and Equirus Capital Private Limited are serving as the book-running lead managers for the IPO, with Link Intime India Private Ltd acting as the registrar for the issue. Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book-running lead …

Protean eGov Tech IPO Day 2: Issue subscribed to 3.22 times; details here
1 year, 1 month ago

Protean eGov Tech IPO Day 2: Issue subscribed to 3.22 times; details here

Live Mint  

The initial public offering of Protean eGov Technologies, formerly NSDL e-Governance Infrastructure Limited, continued to attract significant interest from investors on its second day of bidding. The IPO, which opened for subscription on November 6, was fully subscribed on the first day, with strong participation from both retail and non-institutional investors. Overall, the IPO received bids for 1,40,99,202 shares on …

ideaForge share: Drone stock hits new low. Dips 30% in 3-month after dream debut
1 year, 2 months ago

ideaForge share: Drone stock hits new low. Dips 30% in 3-month after dream debut

Live Mint  

ideaForge share: The initial public offering of ideaForge Technologies Limited were launched in last week of June 2023. The public issue received strong response from investors and it listed at whopping listing premium on BSE and NSE in July 2023. ideaForge shares listed on BSE at ₹1,305 levels whereas it listed on NSE at ₹1,300 apiece levels, delivering over 100 …

EMS IPO: Should you subscribe to it? Here’s everything you need to know
1 year, 3 months ago

EMS IPO: Should you subscribe to it? Here’s everything you need to know

Live Mint  

The Rs 321 crore initial public offering of EMS Ltd opened for subscription on September 8 and will conclude on September 12. Anchor investors: A day before its IPO, EMS mopped up Rs 96.37 crore from six anchor investors, namely- NAV Capital Emerging Star Fund, Abakkus Diversified Alpha Fund, Saint Capital Fund, Meru Investment Fund PCC - CELL 1, BofA …

IdeaForge Technology IPO listing: Stock lists at a premium of 93% on NSE
1 year, 5 months ago

IdeaForge Technology IPO listing: Stock lists at a premium of 93% on NSE

Live Mint  

IdeaForge IPO listing: Shares of IdeaForge Technology Ltd listed on the bourses at a premium on Friday. The drone manufacturer set the price band for the IdeaForge IPO at ₹638 to ₹672 per equity share. Additionally, there are some business-related risks associated with the company, so it is better to lock in these gains now rather than take the risk …

ideaForge IPO listing date today. Experts, GMP signal four digit debut of shares
1 year, 5 months ago

ideaForge IPO listing date today. Experts, GMP signal four digit debut of shares

Live Mint  

ideaForge IPO listing: The initial public offer of ideaForge Technology Limited is going to hit Dalal Street today. Stock experts said that in bulls case, ideaForge IPO listing price would be around ₹1200 whereas in bear case the public issue will have at least four digit opening or say anywhere above ₹1000 levels. ideaForge IPO listing price prediction Expecting 'strong …

ideaForge IPO vs Cyient DLM IPO vs PKH Ventures IPO: Where should you invest ?
1 year, 5 months ago

ideaForge IPO vs Cyient DLM IPO vs PKH Ventures IPO: Where should you invest ?

Live Mint  

The primary market is abuzz with a slew of mainboard IPOs as well as SME IPOs hitting the street. While it is the last day today for the subscription of ideaForge Technology IPO and Cyient DLM IPO, the bidding period for PKH Ventures IPO opened today. However, among ideaForge IPO, Cyient DLM IPO and PKH Ventures IPO, analysts believe investors …

ideaForge IPO closes today: Latest GMP to subscription status. Apply or not?
1 year, 5 months ago

ideaForge IPO closes today: Latest GMP to subscription status. Apply or not?

Live Mint  

ideaForge Technology IPO: The initial public offering of ideaForge Technology Limited is ending today. The drone maker company has fixed price band of ideaForge technology IPO at ₹638 to ₹672 per equity share and public issue has received strong response from the investors. This means ideaForge IPO grey market premium today is ₹550, which is ₹10 per share higher from …

IdeaForge Technology IPO: Issue subscribed over 50 times on Day 3; check details
1 year, 5 months ago

IdeaForge Technology IPO: Issue subscribed over 50 times on Day 3; check details

Live Mint  

IdeaForge IPO Subscription Status: The initial public offering of IdeaForge Technology Ltd was subscribed 50.30 times on Day 3. Non Institutional Investors subscribed to the issue 64.06 times, whereas Qualified institutional buyers' portion saw 38.62 times subscription. The retail investors' portion received bids for 5,43,50,824 shares against 8,42,865 shares on offer for this segment. The company intends to raise ₹567 …

IdeaForge Technology IPO: Issue over subscribed on Day 2; check details
1 year, 5 months ago

IdeaForge Technology IPO: Issue over subscribed on Day 2; check details

Live Mint  

IdeaForge IPO Subscription Status: The initial public offering of IdeaForge Technology Ltd was subscribed 13.27 times on Day 2. Non Institutional Investors subscribed to the issue 21.59 times, whereas Qualified institutional buyers' portion saw 1.34 times subscription. The retail investors' portion received bids for 3,06,46,022 shares against 8,42,865 shares on offer for this segment. The company intends to raise ₹567 …

Ideaforge IPO: Experts raise worries over orderbook. Company clarifies
1 year, 5 months ago

Ideaforge IPO: Experts raise worries over orderbook. Company clarifies

Live Mint  

Abhishek Murarka questioned investors whether they noticed why the orderbook of drone manufacturer ideaForge Technology Ltd, a supposedly rising business, declined from 310.87 crore in FY22 to 192.27 crore in FY23. But does anyone know why the orderbook for our own drone manufacturer, a supposedly emerging business, dropped from 310.87 to 192.27 crore in FY23?’ tweeted Murarka. The initial public …

IdeaForge Technology IPO: Issue fully booked on Day 1; check details
1 year, 5 months ago

IdeaForge Technology IPO: Issue fully booked on Day 1; check details

Live Mint  

IdeaForge IPO Subscription Status: The initial public offering of IdeaForge Technology Ltd was subscribed 3.69 times on Day 1. The retail investors' portion received bids for 1,05,21,368 shares against 8,42,865 shares on offer for this segment. The non-institutional investors' portion received bids for 64,84,874 shares against 112,64,297 on offer for this segment. The company intends to raise ₹567 crore via …

ideaForge IPO: GMP, subscription status, review. Apply or not?
1 year, 5 months ago

ideaForge IPO: GMP, subscription status, review. Apply or not?

Live Mint  

ideaForge Technology IPO: The initial public offer of ideaForge Technology Limited opened for subscribers on 26th June 2023 and it will remain for bidding till 29th June 2023 i.e. As per the ideaForge IPO subscription status, retail investors have responded strongly to the drone maker companies public offer. Here we list out important ideaForge Technology IPO details: 1] ideaForge IPO …

IdeaForge’s ₹ 567-cr IPO opens on 26 Jun
1 year, 6 months ago

IdeaForge’s ₹ 567-cr IPO opens on 26 Jun

Live Mint  

New Delhi: Mumbai-headquartered drone maker, IdeaForge Technology, on Wednesday announced that its ₹567-crore initial public offering will open for subscription on 26 June. Ankit Mehta, chief executive of IdeaForge, told Mint the company will use the capital raised to build “tactical-grade and middle-mile drones", and expand its scope of business. IdeaForge’s IPO marks the second drone manufacturer to go public, …

ideaForge Tech IPO to open on June 26, price band fixed at ₹638-672
1 year, 6 months ago

ideaForge Tech IPO to open on June 26, price band fixed at ₹638-672

Live Mint  

The initial public offering of drone manufacturer ideaForge Technology will open for subscription on June 26. The company aims to raise ₹567 crore from the IPO that consists of a fresh issue of shares worth ₹240 crore and an offer for sale of 48.69 lakh equity shares worth ₹327 crore by promoters and investors, reports said. Under the OFS, promoters …

IdeaForge Technology completes pre-IPO round at ₹2,500 crore valuation
1 year, 6 months ago

IdeaForge Technology completes pre-IPO round at ₹2,500 crore valuation

Live Mint  

IdeaForge Technology, the largest drone manufacturer in the country, recently wrapped up its pre-IPO placement at a valuation of about ₹2,500 crore, banking sources told Economic Times. Institutional investors, which includes Tata AIG General Insurance, 360 One Asset Management, Motilal Oswal Mutual Fund, and Think Investments PCC, a foreign institutional investor, took part in the round, which gathered ₹60 crore, …

Adani Wilmar IPO GMP, Subscription, Strength, Other Details. Should you Invest?
2 years, 10 months ago

Adani Wilmar IPO GMP, Subscription, Strength, Other Details. Should you Invest?

News 18  

Adani Wilmar initial public offering saw a tepid response from investors on day one. Adani Wilmar IPO is a complete fresh issue of equity shares of Rs 3,600 crore and no existing promoters or shareholders will be selling any shares. Adani Wilmar IPO comprises a fresh issue of new equity shares of face value Re 1 for an amount of …

Happiest Minds IPO sees strong response, subscribed over 150 times
4 years, 3 months ago

Happiest Minds IPO sees strong response, subscribed over 150 times

Deccan Chronicle  

Mumbai: In a major boost to the primary equity market public issues of Happiest Minds Technologies and Route Mobile received huge interest from all categories of investors including the retail investors and both public issues have been fully subscribed. Happiest Minds Rs 702 crore initial public offering has been subscribed 150.98 times on the last day of bidding as per …

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