Ideaforge Technologies News Today

A total of 120 initial public offerings (IPOs) were launched in 2023, including 61 SME IPOs, Top IPOs in 2023: 120 IPOs Launched This Year, 102 Now In Gain Vs Issue Price

The state-owned Indian Renewable Energy Development Agency (IREDA) public offer that opened a day earlier on Tuesday has been subscribed five times already.

Finally, the much-awaited listing of Utkarsh Small Finance Bank equity shares will take place on July 24.

This is the first listing in the jewellery industry after Kalyan Jewellers India in March 2021.

The Kolkata-based jewellery retailer listed at a 35.96 percent premium on July 14 at Rs 431 apiece. As of 12 noon, it traded at Rs 410, down about 5 percent from the listing price.

Instances of financial irregularities and malpractices by startups have prompted institutional investors to ramp up due diligence. Amit Somani and Shripati Acharya, Managing Partners at Prime Venture Partners cover the nuances of metrics at startups.

Indias largest drone manufacturing company, IdeaForge Technologies, will open subscriptions for its Rs 567 crore ($76m) initial public offering on 26 June. The IPO will be available for public bidding until 29 June, with the allocation to anchor investors occurring on 23 June. The IPO consists of a fresh issue of equity shares of up to Rs 240 crore and selling shareholders offering 48.6 lakh shares. The funds raised will be used for product development, repayment of indebtedness, and other gener...

The company has raised about Rs 60 crore in a pre-IPO round from institutional investors that included Tata AIG General Insurance, Motilal Oswal Mutual Fund, and Think Investments PCC. The IPO comprises a fresh issue of up to Rs 240 crore in equity shares plus an offer for sale of up to 4.86 million units