Page 11 - Forge Technology News Today

The IPO of ideaForge Technology manufacturer company received a super strong response from the investors and was overall subscribed 106.06 times.

IdeaForge has proposed to use the IPO proceeds to pay off debt and manage working-capital requirements. Analysts feel the future revenue hinges on the execution of the order book. According to them, ideaForge heavily relies on government-aided projects, which poses a significant risk. Slow processing, payment delays from such entities could impact its financials.

The Rs 379.35 crore-IPO of PKH Ventures kicks off for subscription on Friday as the company looks to sell its shares in the range of Rs 140-148 apiece, with a lot size of 100 equity shares until July 4.

The company says it has reached an agreement to reduce its overall debt by $2.1 billion.

IdeaForge IPO Allotment Status Check Online Directly on Link Intime, BSE: Check step by step guide to check from direct links., Markets News, Times Now

IdeaForge IPO allotment date, subscription status on Link Intime, BSE: Founded in 2007, the Mumbai-based company has the largest operational deployment of indigenous Unmanned Aerial Vehicles (UAVs) across India., Companies News, Times Now

The IPO received bids worth more than Rs 33,000 crore at the upper end of the price band set at Rs 638-672 per share. The overwhelming demand was primarily driven by retail investors, and QIBs showed extensive interest in the IPO as well., Markets News, Times Now

The month of June did not end on a positive note with venture capital funding touching another low.

Cyient DLM IPO subscription status: Cyient DLM, a subsidiary of Cyient, is a leading integrated EMS and solutions provider with a focus on the entire life cycle of a product, including design, build, and maintenance., Markets News, Times Now

IdeaForge IPO GMP: Market observers expect the public issue to list at around ₹1227, indicating an 80% listing gain