Two initial public offerings (IPOs) are available for listing on the exchange next week. These include Cyient DLM and ideaForge technology. Cyient DLM is an electrical manufacturing services company. At the same time, ideaforge is a company that manufactures drones. Tell us about these two IPOs one by one.
Client DLM
Cyient DLM aims to raise 567 crore rupees through this IPO. The company has priced the issue at Rs 250-265. Private investors can apply for this IPO from June 27th to 30th.
Private investors can apply for at least one ticket, i.e. 56 shares. If they are applying for a lot in the high end of the IPO at 265 rupees, they need to invest 14,840 rupees.
Private investors can bid for a maximum of 13 lots
Retail investors can bid for a maximum of 13 lots, or 728 shares, for the Cyient DLM IPO, which requires them to spend Rs. 192,920 according to the upper price range.
ideaForge Technology Limited
ideaForge Technology Limited aims to raise Rs.592 crore through this IPO. The company has priced the issue at Rs 638-672. Private investors can apply for this IPO from June 26th to 29th.
Private investors can apply for one ticket, i.e. 22 shares. If you are applying for 1 plot of land as per the IPO upper price range of Rs 672, you need to invest Rs 14,784.
Private investors can bid for a maximum of 13 lots
Private investors can also bid for a maximum of 13 lots, i.e. 286 shares, for the ideaForge Technology Limited IPO. For this they have to spend 192,192 rupees according to the upper price range.
75% of the shares in both IPOs are reserved for private investors
Both companies have reserved 70% of their respective IPOs for Qualified Institutional Investors (QIP). In addition, 10% is reserved for retail investors and the remaining 15% for non-institutional investors (NII).
Subscribe for updates. Subscribe for updates
Comments are closed.