ideaForge IPO subscribed 106 times; Cyient DLM booked 67x on final day
The IPOs of ideaForge Technology and Cyient DLM received strong response from investors, especially from qualified institutional buyers and retail investors.
The IPOs of ideaForge Technology and Cyient DLM received strong response from investors, especially from qualified institutional buyers and retail investors.
The company, a subsidiary of IT services firm Cyient, has decided to allot 97,98,113 equity shares to 20 anchor investors at a floor price of ₹265.
The electronic manufacturing services company aims to raise ₹592 crore via IPO, which comprises a fresh issue of 2.23 crore equity shares.
The ₹865 crore IPO of Avalon Technologies will open on April 3, which comprises fresh issue of equity shares worth ₹320 crore and an offer for sale aggregating up to ₹545 crore.
The IPO comprises a fresh issue of ₹766 crore and an offer for sale of 33.69 lakh equity shares; issue price band has been fixed at ₹209 and ₹220 per share.