In the upcoming week, the primary market will witness the launch of two main board initial public offerings (IPOs): ideaForge Technology and Cyient DLM. These IPOs are expected to make a significant impact on the market, attracting investors and generating substantial funds. This article provides comprehensive information about these public offerings, including their grey market premiums (GMP), cost, and other important details.
Monitor IPOs for ideaForge Technology and Cyient DLM
The forthcoming IPOs of ideaForge Tech and Cyient DLM hold immense potential. Combined, these IPOs are estimated to be worth a staggering Rs. 1,159 Crore. ideaForge aims to raise Rs. 567 Crore, while Cyient DLM aims to raise Rs.592 Crore. Both companies aspire to list their shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Currently, the shares of ideaForge Tech and Cyient DLM are actively traded on the black market, with market watchers reporting GMPs of 500 and 110, respectively.
Details of ideaForge Technology’s IPO
As of December 31st, 2022, the company’s clients have flown their UAVs more than 3 lakh times. In a number of industries, including mining area planning and mapping, volumetric estimation, land surveying, border and coastal security surveillance, crime prevention, agricultural, and many more, the organisation serves both local and foreign clients.
The public offering of ideaForge Ltd. is set to commence on Monday, June 26, 2023. Investors will have the opportunity to bid for shares until Thursday, June 29, 2023. The IPO price range for ideaForge has been fixed between Rs.638 and Rs.672 per equity share. Market watchers have indicated that the IPO’s GMP stands at 500, suggesting a potential listing gain of nearly 75%. Furthermore, prior to its IPO, ideaForge has already secured a substantial investment of 255 crore from anchor investors.
Expansion Prediction of ideaForge Technology
The worldwide drone market, which was valued at US$ 21.1 billion in 2022, is predicted to expand more quickly at a CAGR of 20%, reaching over US$ 51.4 billion by 2027.
Drone Industry Insights surveys
With an average of one ideaForge drone taking flight for surveillance and mapping every five minutes, ideaForge has set the record for the greatest operational deployment of indigenous UAVs throughout India. According to Drone Industry Insights surveys from December 2022, the business has also been listed as the seventh-best drone producer worldwide for drones with dual-use (defence and civil) applications.
About Cyient DLM
For more than 30 years, Cyient DLM has supplied systems and been a dependable manufacturing partner for mechanical and electrical components to some of the biggest names in a variety of sectors. Design Led Manufacturing (DLM) solutions are provided by Cyient DLM, an integrated manufacturing partner, to clients. Cyient DLM takes responsibility for design, production, testing, and certification assistance to guarantee that customers’ products adhere to high reliability, safety, and performance requirements. The business specialises on safety-critical electronics for sectors with strict regulations. Their engineers’ extensive design and production knowledge assists their clients in creating complicated goods with shorter time-to-market.
Cyient DLM IPO information
Cyient DLM Limited will initiate its public offering on June 27, 2023, and will accept subscriptions until June 30, 2023. The price range for Cyient DLM’s IPO has been set at Rs.250 to Rs.265 per share. Market watchers have reported a GMP of 110 for Cyient DLM, indicating a projected listing premium of approximately 40%. Although the subscription period is yet to begin, the grey market’s anticipation of a premium suggests high investor interest in Cyient DLM’s public offering.
- What are the IPO GMPs for ideaForge Technology and Cyient DLM?
- The GMP for ideaForge is currently 500, while the GMP for Cyient DLM stands at 110.
- When will the IPOs of ideaForge and Cyient DLM be launched?
- The IPO of ideaForge will commence on Monday, June 26, 2023, while the IPO of Cyient DLM will start on June 27, 2023.
- What is the price range for ideaForge IPO?
- The price range for ideaForge Techny’s IPO is set between Rs.638 and Rs.672 per equity share.
- How much funding does ideaForge aim to raise through its IPO?
- ideaForge Techaims to raise Rs. 567 billion through its IPO.
- Which stock exchanges do ideaForge Technology and Cyient DLM plan to list their shares on?
- Both ideaForge Tech and Cyient DLM aim to list their shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).