IPO of ideaForge Technology: The initial public offering (IPO) of ideaForge Technology Limited opened to subscribers today and will last until June 29, 20233, which is Thursday of this week. The drone maker has set ideaForge’s IPO price range ₹638 to ₹672 per share. However, ideaForge Technology Ltd shares have already made their gray market debut. According to market watchers, ideaForge shares are available at a premium of ₹450 a share on the gray market today.
IPO of ideaForge Technology: The initial public offering (IPO) of ideaForge Technology Limited opened to subscribers today and will last until June 29, 20233, which is Thursday of this week. The drone maker has set ideaForge’s IPO price range ₹638 to ₹672 per share. However, ideaForge Technology Ltd shares have already made their gray market debut. According to market watchers, ideaForge shares are available at a premium of ₹450 a share on the gray market today.
Here we list important IPO details of ideaForge Technology:
Here we list important IPO details of ideaForge Technology:
1]ideaForge IPO GMP today: According to market observers, ideaForge Technology’s IPO is a gray market premium (GMP) today. ₹485 This means that with the IPO on the opening date of the IdeaForge IPO subscription, the gray market expects a stock market gain of around 70 percent.
1]ideaForge IPO GMP today: According to market observers, ideaForge Technology’s IPO is a gray market premium (GMP) today. ₹485 This means that with the IPO on the opening date of the IdeaForge IPO subscription, the gray market expects a stock market gain of around 70 percent.
2]ideaForge IPO date: ideaForge Technology’s IPO opened for subscription today and will remain open to bidders until June 29, 2023.
2]ideaForge IPO date: ideaForge Technology’s IPO opened for subscription today and will remain open to bidders until June 29, 2023.
3]ideaForge IPO price: ideaForge Technology’s IPO price was set at ₹638 to ₹672 per share.
3]ideaForge IPO price: ideaForge Technology’s IPO price was set at ₹638 to ₹672 per share.
4]ideaForge Technology IPO Grant Date: Upon completion of the subscription, the grant date for ideaForge’s IPO is most likely July 4, 2023.
4]ideaForge Technology IPO Grant Date: Upon completion of the subscription, the grant date for ideaForge’s IPO is most likely July 4, 2023.
5]ideaForge IPO size: The drone maker wants to collect 567 crore from its public offering.
5]ideaForge IPO size: The drone maker wants to collect 567 crore from its public offering.
6]ideaForge IPO lot size: A bidder can apply in lots, where one lot would include 22 company shares.
6]ideaForge IPO lot size: A bidder can apply in lots, where one lot would include 22 company shares.
7]IPO listing by ideaForge: The drone maker has proposed listing its shares on both the NSE and the BSE. The likely listing date for the shares is July 7, 2023.
7]IPO listing by ideaForge: The drone maker has proposed listing its shares on both the NSE and the BSE. The likely listing date for the shares is July 7, 2023.
8]ideaForge IPO Registrar: Link Intime India Private Ltd has been appointed as Official Registrar of Public Issue.
8]ideaForge IPO Registrar: Link Intime India Private Ltd has been appointed as Official Registrar of Public Issue.
9]ideaForge IPO Review: Motilal Oswal tagged the public offering with ‘subscribe’ and said: ‘We like IFL for its complex/broad product portfolio, niche presence, strong customer relationships and high barriers to entry. The issue is valued at 5x P/E (peers).” Average: ~8x) on a post-issuance basis, which is fairly valued. We believe that IFL could benefit from government stimulus in the defense sector as well as increasing corporate demand. Therefore we recommend a subscription. Given the current buoyant market and high interest in Bei defense stocks, the issue could also register price gains.
9]ideaForge IPO Review: Motilal Oswal tagged the public offering with ‘subscribe’ and said: ‘We like IFL for its complex/broad product portfolio, niche presence, strong customer relationships and high barriers to entry. The issue is valued at 5x P/E (peers).” Average: ~8x) on a post-issuance basis, which is fairly valued. We believe that IFL could benefit from government stimulus in the defense sector as well as increasing corporate demand. Therefore we recommend a subscription. Given the current buoyant market and high interest in Bei defense stocks, the issue could also register price gains.
On whether ideaForge’s IPO is good or bad for an investor, Marwari Financial Services said, “Given the annualized earnings per share for fiscal 23 of ₹At a P/E of 87.54x and a post-issuance market cap of Rs. 7.68, the company will trade at a P/E of 87.54x. 28,002M while its peers namely MTAR Technology, Data Patterns and Astra Microwave Products are trading at P/E of 58.52x, 84.95x, 52.27x,” he added, “We rate this IPO as Subscribe ” as the company is a front runner and pioneer -Outstanding leader in the Indian UAS industry with first mover advantage and strong relationships with a diverse customer base. It’s also available at a reasonable price given the company’s future growth potential.”
On whether ideaForge’s IPO is good or bad for an investor, Marwari Financial Services said, “Given the annualized earnings per share for fiscal 23 of ₹At a P/E ratio of 87.54x and a post-issuance market cap of Rs. 7.68, the company will list on the stock exchange. 28,002M while its peers namely MTAR Technology, Data Patterns and Astra Microwave Products are trading at P/E of 58.52x, 84.95x, 52.27x,” he added, “We rate this IPO as Subscribe ” as the company is a front runner and pioneer -Outstanding leader in the Indian UAS industry with first mover advantage and strong relationships with a diverse customer base. It’s also available at a reasonable price given the company’s future growth potential.”
Disclaimer: The views and recommendations presented in this article are provided by individual analysts. These do not reflect the views of Mint. We recommend investors to consult certified experts before making an investment decision.
Disclaimer: The views and recommendations presented in this article are provided by individual analysts. These do not reflect the views of Mint. We recommend investors to consult certified experts before making an investment decision.
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