Goldman Sachs sold nearly 6.5 lakh shares in smallcap stock ideaForge Technology for Rs 43 crore while Citigroup bought 6.65 lakh shares in the company at a cost of Rs 44 crore via block deals on Thursday. While Goldman Sachs sold shares through Goldman Sachs Funds – Goldman Sachs India Equity Portfolio at a price … Read more
The IPO market has picked up pace in the second half of the year with three issues — Ideaforge, Cyient DLM, and Senco Gold —delivering strong listing gains to investors. In the upcoming week, two more IPOs are set to hit the markets including the mainstream one of Netweb Technologies. The other issue is Asarfi … Read more
After a bumper listing on Friday at a premium of about 94%, shares of ideaForge Technology tanked nearly 10% to Rs 1,171 in Monday’s trade on BSE as investors booked profits on concerns over high valuations post stock listing. After the overwhelming listing, analysts had advised investors to book profits. Anubhuti Mishra, Equity Research Analyst … Read more
After ideaForge‘s near multibagger returns on Day 1, investors are expecting another strong listing from Cyient DLM, whose shares will debut on Monday. The grey market premium (GMP) of Cyient DLM is around Rs 150-155 in the unlisted market. If we consider the upper price band of Rs 265, the company’s shares are expected to … Read more
The initial public offering (IPO) of India’s leading drone maker Ideaforge will open for subscription on Monday. Ahead of the opening, the company’s shares are commanding a healthy premium of Rs 460 in the unlisted market, indicating a strong demand for the public offer. The company is offering its shares in the range of Rs … Read more
India’s leading drone maker Ideaforge has raised about Rs 254 crore from anchor investors ahead of its IPO. The company has allocated 37.92 lakh equity shares in the anchor round at Rs 672 apiece. Some of the leading domestic and foreign investors participated in the round, including Nomura, Invesco, HSBC, ICICI Pru MF, Mirae Asset … Read more