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Two IPOs are going to open in the market during the next week. During the week starting from Monday, investors will get opportunities to invest in Idea Forge Technology IPO and Cyient DLM IPO.
So many crores will be raised from both the IPOs
Out of these, the IPO (ideaForge Technology IPO Size) of Idea Forge Technology will be Rs 567 crore, while the size of Cyient DLM IPO (Cyient DLM IPO Size) is going to be Rs 592 crore. In this way, both the companies together are going to raise Rs 1,159 crore from the market through their IPO. After the IPO, the shares of both the companies will be listed on the major stock exchanges of India, BSE and NSE.
Gray market premium of both is excellent
Even before the IPO opens, both are getting great response in the gray market. This is indicated by the fact that the gray market premium of both the IPOs is excellent. Currently Idea Forge Technology’s share is trading at a premium of Rs 500 in the gray market (ideaForge Technology IPO GMP), while the gray market premium of Cyient DLM’s share (Cyient DLM IPO GMP) is Rs 110.
Idea Forge Technology IPO details
The IPO of drone maker Idea Forge Technology will open on Monday, June 26. For this, bidding can be done till June 29. Its price band (ideaForge Technology IPO Price Band) has been fixed at Rs 638 to 672. Before the IPO, the company has raised Rs 255 crore from anchor investors.
Scient DLM IPO details
The IPO of electronic manufacturing services company SaitDLM will open on Tuesday, June 27 and will be available for subscription till June 30. The company has fixed a price band of Rs 250 to 265 per share (Cyient DLM IPO Price Band) for its IPO.
New shares up to Rs 592 crore will be issued under the IPO of Saint DLM. This means that the IPO of Saint DLM will consist only of fresh share issue and will not have any part of offer for sale.
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