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<ul><li><keyword id="16017587" type="General" weightage="20" keywordseo="Cyient-DLM" source="Orion">Cyient DLM</keyword> is expected to announce its share allotment status today, July 5.</li><li>The shares of Cyient DLM were subscribed by 67.30 times overall.</li><li>The shares are expected to be listed on the stock exchanges on July 10.</li></ul> Mysore-based Cyient DLM, a circuit board maker, is expected to announce the allotment status of its initial public offering (IPO) today, that is July 5. The <keyword id="16017588" type="General" weightage="100" keywordseo="cyient-dlm-ipo" source="Orion">Cyient DLM IPO</keyword> opened on June 27 and closed on June 30. The price band for the IPO was ₹250 to ₹265 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the Cyient DLM IPO was subscribed 67.30 times, receiving bids for 89.73 crore equity shares against 1.33 crore shares on offer. While the qualified institutional buyer portion was subscribed 90.44 times, the non-institutional investors portion was subscribed 45.05 times. The retail portion also witnessed good participation and was subscribed 49.2 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of Cyient DLM are currently commanding a grey market premium (GMP) of ₹130 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="17900121" type="General" weightage="20" keywordseo="cyient-dlm-ipo-allotment-status" source="Orion">Cyient DLM IPO allotment status</keyword>, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.</li><li>Click on ‘Company Selection’ and then select ‘Cyient DLM’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Click on ‘Search’.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the <keyword id="17900120" type="General" weightage="20" keywordseo="cyient-dlm-ipo-allotment" source="Orion">Cyient DLM IPO allotment</keyword> status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Cyient DLM’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="Cyient DLM listing date" comment="subhead" text="Cyient DLM listing date">Cyient DLM listing date</cmsannotation> The shares of Cyient DLM will be listed on the stock exchanges on July 10. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/kia-seltos-facelift-2023-unveiled-with-adas-2-0-bookings-start-july-14/slidelist/101482186.cms">Kia Seltos facelift 2023 unveiled with ADAS 2.0 – bookings start July 14</a> <a href="https://www.businessinsider.in/tech/mobile/news/iqoo-neo-7-pro-smartphone-has-been-launched-in-india/articleshow/101486497.cms">iQOO Neo 7 Pro with 120W fast charging hits the Indian market</a> <a href="https://www.businessinsider.in/tech/mobile/news/motorola-razr-40-and-razr-40-ultra-flip-phones-sales-start-july-15/articleshow/101477662.cms">Motorola Razr 40 and Razr 40 Ultra flip phones: Sales start July 15 – all you need to know</a>

Cyient DLM IPO allotment – how to check allotment, GMP, listing date and more

<ul><li>The Qualified institutional buyer (QIBs) portion of the circuit board maker’s IPO was subscribed 90 times the shares on offer. </li><li>The retail portion of the issue was subscribed 49 times over. </li><li>The non-institutional investor portion was subscribed over 45 times. </li></ul>The public issue of circuit board maker Cyient DLM was subscribed 67 times the shares on offer on Friday, the last day of the issue. Qualified institutional buyers (QIBs) showed good interest on the third day, with this portion being subscribed 90 times. The retail portion saw bids amounting to 49 times the shares on offer, with similar interest from non institutional investors, as per data on BSE as of 5 pm. Two other IPOs were open for subscription on Friday. IdeaForge’s IPO was subscribed 106 times over the shares on offer, while PHK Ventures, which opened today, received very low response. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">90.44 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">45.05 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">49.19 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67.30 </td></tr></tbody></table>Source: BSE About the company The company manufactures printed circuit boards, cable harnesses, and box builds used in aviation and medical diagnostic sectors. The price band of the issue has been fixed at ₹250-265, and it plans to raise as much as ₹592 crore via the public issue. It has already raised ₹259 crore from 20 anchor investors like ICICI Prudential, HDFC MF, Tata Infrastructure Fund, Societe Generale, LIC MF and more. Its revenue went up by 15% in FY23 to ₹832 crore as compared to FY22. Net profit, however, fell by 20% to ₹31.7 crore for the period. The IPO is a complete offer for sale, and the company intends to use the net proceeds towards working capital, capex, debt repayment, and general corporate purposes Funded via IPO proceeds, acquisitions can bring its manufacturing operations closer to customers and increase wallet share, a critical monitorable, says Anand Rathi which gave a ‘subscribe’ rating on the IPO. The IPO has been commanding a grey market premium of ₹100, as per media reports. Grey market premium (GMP) is the premium at which an unlisted stock is traded in an unofficial market. SEE ALSO <a href="https://www.businessinsider.in/finance/news/almost-one-in-five-of-indias-future-unicorns-has-dropped-off-the-race-as-funding-winter-bites/articleshow/101313249.cms">Almost one in five of India’s future unicorns drop off the race as funding winter bites</a> <a href="https://www.businessinsider.in/stock-market/news/usha-martin-turns-multibagger-after-escaping-debt-trap/articleshow/101301290.cms">This multibagger is charting a growth path after escaping a debt trap</a>

Cyient DLM IPO subscribed 67x on final day as QIB bidding surges

<ul><li>Cyient DLM lists at ₹136 premium, higher than grey market’s expectations of ₹125. </li><li>Its market cap stands at ₹3,180 crore as per data on BSE. </li><li>The issue was subscribed 67x, and the company raised ₹592 crore from the IPO. </li></ul>Circuit board maker Cyient DLM made its debut on the bourses at a 51% premium to its IPO price on Monday. The listing at ₹136 premium beats grey market expectations of ₹125 quite handsomely. Grey market is the unofficial market where stocks are traded before they are listed. Its market cap stands at ₹3,180 crore as per data on BSE. The issue was subscribed 67 times the shares on offer and the company raised ₹592 crore from the IPO. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">90.44 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">45.05 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">49.19 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67.30 </td></tr></tbody></table>Source: BSE About the company The company manufactures printed circuit boards, cable harnesses, and box builds used in aviation and medical diagnostic sectors. It had raised ₹259 crore from 20 anchor investors like ICICI Prudential, HDFC MF, Tata Infrastructure Fund, Societe Generale, LIC MF and more. Its revenue went up by 15% in FY23 to ₹832 crore as compared to FY22. Net profit, however, fell by 20% to ₹31.7 crore for the period. The IPO is a complete offer for sale, and the company intends to use the net proceeds towards working capital, capex, debt repayment, and general corporate purposes Funded via IPO proceeds, acquisitions can bring its manufacturing operations closer to customers and increase wallet share, a critical monitorable, says Anand Rathi which gave a ‘subscribe’ rating on the IPO. The IPO has been commanding a grey market premium of ₹100, as per media reports. Grey market premium (GMP) is the premium at which an unlisted stock is traded in an unofficial market.

Cyient DLM lists at 51% premium beating grey market expectations

<ul><li>Retailers and non-institutional investors lapped up the public issue of IdeaForge, as they each subscribed 64x that on offer. </li><li>Qualified institutional buyers (QIBs) also put in bids for 38.62 times the shares on offer. </li><li>The issue will now close on June 30, after the trading <a href="https://www.businessinsider.in/stock-market/news/bakrid-trading-holiday-changed-to-june-29-heres-how-it-will-affect-your-fo-contracts/articleshow/101303488.cms">holiday for Bakrid was changed</a>. </li></ul>IdeaForge’s initial public offering (IPO) was subscribed 50 times over as retail investors and non-institutional investors lapped up the shares on the third day of subscription on Wednesday. The retail portion of the shares on offer of the drone maker has been subscribed 64 times over, and so was that of non-institutional buyers. Qualified institutional buyers (QIBs) also put in bids for 38.62 times the shares on offer, as of the third day of subscription. As much as 75% of the offer is reserved for QIBs while 15% is meant for non-institutional investors, and 10% has been set aside for retail investors. The issue was initially set to close on June 29 but after the trading <a href="https://www.businessinsider.in/stock-market/news/bakrid-trading-holiday-changed-to-june-29-heres-how-it-will-affect-your-fo-contracts/articleshow/101303488.cms">holiday for Bakrid was changed</a>, the IPO closing date was extended to June 30. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">38.62 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">64.06 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">64.48 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">50.30 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: BSE About the company The company, which was set up in 2007, manufactures and deploys drones with applications across mapping, security and surveillance. As of 31 May 2023, it catered to 265 clients spanning across Indian defence and civil customers, including some of the central armed police forces, state police departments, disaster management forces, forest departments and private contractors. “Their drones assist defence forces in conducting intelligence, surveillance and reconnaissance (ISR) operations along borders, help navigate a wide range of mining area planning and help boost construction and real estate,” said a report by Stoxbox. The public issue includes an offer for sale as well as fresh issue, and the proceeds from the fresh issue will be used towards repayment and prepayment of loans, funding working capital requirement, investment in product development and general corporate purposes. “Due to their leadership and first-mover advantage, they have been able to improve users' experiences by incorporating consumer data and ongoing technological advancements,” says Stoxbox, which had a ‘subscribe’ rating on the issue for the benefit of listing gains.

IdeaForge IPO subscribed 50 times over on last day with strong retail demand

<ul><li>The QIB portion of IdeaForge’s IPO was subscribed over 125x the shares on offer. </li><li>Overall, the IPO was subscribed 106 times, while the retail portion was subscribed 85x. </li><li>Two other IPOs – circuit board maker Cyient DLM and construction company PKH Ventures – were also open for subscription on Friday. </li></ul>After getting a tremendous response from retail investors, the IdeaForge initial public offering (IPO) saw extensive bidding from qualified institutional buyers (QIBs) on the last day of the subscription on Friday. The QIB portion was subscribed 125 times the shares on offer, and the IPO overall was subscribed 106 times as of 5 pm. The IPO dates were extended to four days after an unexpected change in market holiday on Thursday due to Eid al Adah or Bakrid. The retail portion of the drone maker’s shares on offer has been subscribed 85 times over, with good response from non-institutional buyers. The price band of the IPO has been fixed at ₹638-672 per equity share, and the company has been planning to raise ₹567 crore at the upper end of the price band. Two other IPOs – circuit board maker Cyient DLM and construction company PKH Ventures – were also open for subscription. Cyient DLM’s public issue was subscribed 67 times on Friday, its last day, while PKH Ventures, which opened today, was subscribed only 6% overall. <keyword id="17805774" type="General" weightage="20" keywordseo="ideaforge-ipo-subscription" source="Orion">IdeaForge IPO subscription</keyword> details <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">125.81 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">80.58 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">85.08 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">106.04 </td></tr></tbody></table>Source: BSE About the company The company, which was set up in 2007, manufactures and deploys drones with applications across mapping, security and surveillance. As of 31 May 2023, it catered to 265 clients spanning Indian defence and civil customers, including some of the central armed police forces, state police departments, disaster management forces, forest departments and private contractors. “Their drones assist defence forces in conducting intelligence, surveillance and reconnaissance (ISR) operations along borders, help navigate a wide range of mining area planning and help boost construction and real estate,” said a report by Stoxbox. The public issue includes an offer for sale as well as fresh issue, and the proceeds from the fresh issue will be used towards repayment and prepayment of loans, funding working capital requirement, investment in product development and general corporate purposes. “Due to their leadership and first-mover advantage, they have been able to improve users' experiences by incorporating consumer data and ongoing technological advancements,” says Stoxbox, which had a ‘subscribe’ rating on the issue for the benefit of listing gains. SEE ALSO <a href="https://www.businessinsider.in/business/news/the-indian-wine-market-is-growing-as-millennials-seek-experience-over-intoxication/articleshow/101380193.cms">The Indian wine market is growing as millennials seek experience over intoxication</a> <a href="https://www.businessinsider.in/business/startups/news/indias-five-smartest-angel-investors-who-are-close-to-cracking-the-unicorn-code/articleshow/101361142.cms">Anupam Mittal to Snapdeal founders: Meet the smartest Indian angels cracking the unicorn code</a>

QIBs lap up IdeaForge IPO, issue subscribed 106x on last day

<ul><li>As of 5 pm on Friday, no qualified institutional buyers or QIBs had bid for the issue. </li><li>The interest from retail and non-institutional investors was also very low. </li><li>Two other IPOs – that of drone maker IdeaForge and circuit board maker Cyient DLM – closed on Friday. </li></ul>The public issue of construction company <keyword id="13458156" type="General" weightage="20" keywordseo="pkh-ventures" source="Orion">PKH Ventures</keyword> received a tepid response from all classes of investors as only 6% of it was subscribed overall on the first day of the issue on Friday. As of 5 pm on Friday, no qualified institutional buyers or QIBs had bid for the issue. The interest from retail and non-institutional investors was also very low. Two other IPOs closed on Friday – while drone maker IdeaForge’s public issue was subscribed 106 times, circuit board maker Cyient DLM’s IPO was subscribed 67 times on the last day of their issue. <keyword id="17858592" type="General" weightage="20" keywordseo="pkh-ventures-ipo-subscription" source="Orion">PKH Ventures IPO subscription</keyword> details <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.00 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.10 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.13 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.06 </td></tr></tbody></table>Source: BSE The <keyword id="13458157" type="General" weightage="20" keywordseo="pkh-ventures-ipo" source="Orion">PKH Ventures IPO</keyword> closes on July 4. The price band for the shares has been fixed at ₹140-148 apiece. The company intends to raise as much as ₹379 crore via the public issue. The issue comprises an offer for sale and a fresh issue of shares – which will be used to invest in subsidiaries, long-term working capital need, pursuing inorganic growth through and towards general corporate purposes. The bids will be received in 100 equity shares and in multiples thereof. The company is in the business of construction and development, hospitality and management services. Its net profit grew by 32% to ₹40.5 crore in FY22, as compared to the year before. Its revenue, however, fell by 17.4% to ₹199 crore in the same period. Failure to obtain new civil contracts, delay or cessation of annuity payments, weather risks for its hydro projects are some of the risks associated with the company. The grey market premium, i.e. the premium at which the IPO shares trade in an unofficial market, is at ₹5, as per media reports. 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PKH Ventures IPO subscribed 6% on day 1 as retail, institutional interest remain muted

<ul><li>IdeaForge’s public issue has been subscribed 6.38 times on the second day of the public issue. </li><li>Retail portion has been subscribed by 21.28 times, while the QIB portion is yet to be fully subscribed. </li><li>The issue closes for subscription on June 28 now instead of June 29. </li></ul>IdeaForge’s initial public offering (IPO) of shares continued to rake up bids from retail investors on the second day of the issue on Tuesday. The issue, at the time of publishing, has been overall subscribed 6.38 times the shares on offer. The issue will also now close on June 28 instead of June 29, after the trading <a href="https://www.businessinsider.in/stock-market/news/bakrid-trading-holiday-changed-to-june-29-heres-how-it-will-affect-your-fo-contracts/articleshow/101303488.cms">holiday for Bakrid has changed</a>, but it will be open for subscription on Wednesday, which wasn’t available earlier. The retail portion of the shares on offer of the drone maker, has been garnering interest and has been subscribed by 21.28 times over as of 11:53 am on Tuesday. Even the portion reserved for non-institutional investors was subscribed nine times over. The issue however received tepid response from qualified institutional buyers, as it’s yet to be fully subscribed. As much as 75% of the offer is reserved for QIBs while 15% is meant for non-institutional investors, and 10 percent has been set aside for retail investors. Another public issue by Cyient DLM opened for bids on Tuesday. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.05 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9:03 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21.28 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.38 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: BSE About the company The company which was set-up in 2007, manufactures and deploys drones with applications across mapping, security and surveillance. As of 31 May 2023, it catered to 265 clients spanning across Indian defence customers and civil customers comprising certain of the central armed police forces, state police departments, disaster management forces, forest departments and private contractors. “Their drones assist defence forces in conducting intelligence, surveillance and reconnaissance (ISR) operations along borders, help navigate a wide range of mining area planning and help boost construction and real estate,” said a report by Stoxbox. The public issue includes an offer for sale as well as fresh issue, and the proceeds from the fresh issue will be used towards repayment and prepayment of loans, funding working capital requirement, investment in product development and general corporate purposes. “Due to their leadership and first mover advantage, they have been able to improve users' experiences by incorporating consumer data and ongoing technological advancements,” says Stoxbox which had a ‘subscribe’ rating on the issue for the benefit of listing gains. As of Monday, the company’s issue is commanding a premium of over ₹450 in the grey market, according <a href="https://economictimes.indiatimes.com/markets/ipos/fpos/ideaforge-ipo-gmp-signals-strong-investor-interest-ahead-of-subscription-tomorrow/articleshow/101256788.cms?from=mdr">to media reports</a>. Grey market premium (GMP) is the premium at which an unlisted stock is traded in an unofficial market.

IdeaForge’s IPO subscribed 6X on day 2; issue to now close on June 28

<ul><li>Strong IPO buzz and heavy marketing drive up listing gains of a few stocks, which should be encashed, advise experts.</li><li>Retail investors should refrain from participating in IPOs, and wait for six months for a stock to cool off.</li><li>Ideaforge, Netweb Technologies, Aeroflex Industries, Utkarsh Small Finance Bank gave good listing gains, but fell flat after. </li></ul>It’s been a fabulous week for investors who applied to initial public offers (IPOs) hoping to make a killing on listing day. Tata Technologies gave a stellar triple-digit listing gains, IREDA was very close to doubling wealth with 87% gains and small-cap stock Gandhar too presented a pleasant surprise with 78% gains. Those who were lucky enough to be allotted these stocks are left with the question — should I sell or hold on for more gains in the future? Experts say that bumper gains are a cue for them to make money, especially in stocks which saw sharp gains. “The recent IPOs of Tata Technologies, IREDA, Gandhar Oil were attractively priced. Therefore, they saw bumper gains on listing day. We believe that investors are better off by selling such shares and locking in listing gains. In most cases, stocks do give opportunity to re-enter at lower levels,” Apurva Sheth, head of market perspectives &amp; research at SAMCO Securities tells Business Insider India. ‘IPO value not true value’ The IPO season of 2023 has been rewarding for investors. The average listing gain has been 29.4% for debuts till the first half of the year, according to Primedatabase. But companies that saw stellar listing gains like Ideaforge shed a part of its value over time. The stock performance of other debut-stars like Netweb Technologies, Aeroflex Industries and Utkarsh Small Finance Bank has been tepid after stellar listing gains. Vishnu prakash R Punglia and Cyient DLM however are exceptions. Extremely high investor interest, heavy subscriptions in the IPO period can turn the needle away from true valuations and their future potential, experts insist. “IPOs generating a strong buzz due to a unique business model, effective publicity and good brand identity can post a fair listing gain even in the event of lower earnings visibility, as a result of high demand from investors. If an investor is subscribing to such IPOs, they should look to book listing gains,” Sunil Shah, group CEO and MD at Khambatta Securities tells Business Insider India. Sell (Gandhar), Hold (Tata Tech) &amp; Accumulate (IREDA) Amongst freshly listed pack of companies, Prashanth Tapse, senior VP of research at Mehta Equities advises allotted investors of Tata Tech to book 50% profits if the stock moves over ₹1,400 and hold the rest for long term, as he believes the engineering R&amp;D major is a potential ‘doubler candidate’. The stock had closed at ₹1,314 on its debut on Thursday. At the same time, Tapse sees limited upside from the current levels for Gandhar Oil, which has managed to narrow the gap with peers. He advises its investors to book profits. For IREDA, he advises investors to ‘hold for long term’ and accumulate on dips as it holds the potential to provide healthy long term returns. “Companies with strong fundamentals, i.e. those with a proven solid business model and robust earnings visibility, are the ones investors should look to stay invested in,” says Shah. Companies with the best listing gains in 2023 <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Returns since listing </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">162% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IdeaForge Technology </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">94% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-32% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Netweb Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">89% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IREDA </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">87% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">83% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gandhar Oil </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">78% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu prakash R Punglia </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">65% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">39% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Utkarsh Small Finance Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">60% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cyient DLM </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">51% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">54% </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: Axis Capital, BSE IPOs – not for retail investors The IPO rush tends to ignore facts like overpriced issues and other troubles. The reason being the <keyword id="10639565" type="General" weightage="20" keywordseo="ipo-financing" source="Orion">IPO financing</keyword> that large investors receive, who apply and sell immediately on allotment. But this liquidity leaves the stock, and that’s what drives prices down, insist experts. “IPO financing does drive up the demand for IPOs due to the additional liquidity it infuses, and it further brings in more investors looking for listing gains. That said, the recent curb on IPO financing imposed by the RBI and changes announced by SEBI relating to the allocation methodology are expected to negatively impact IPO financing,” said Shah. The impact of IPO financing driving up listing day gains is reducing. In April 2022, RBI mandated non-banking financial companies (NBFCs) to not lend more than ₹1 crore per borrower for subscribing in IPOs. Markets regulator SEBI too mandated to keep one third of the HNI quota shares for applicants below ₹10 lakh, which is also known as small HNI category. “All these measures led to considerable reduction in IPO financing. This has led to limited impact on the listing day,” says Sheth. Sheth also insists that IPOs are generally overpriced and retail investors are better off without participating in them. He insists that retail investors should get into newly listed six months after listing wherein the stock has had time to cool off and consolidate. 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Stellar listing gains: Book profits if there are bumper gains say experts

<ul><li>Tata Tech stock listed at ₹1,314 as compared to its issue price of ₹500 per share.</li><li>Its marketcap stands at ₹53,314 crore, according to Bombay Stock Exchange.</li><li>Analysts see long-term gains in the stock and advise allotted investors to hold on to a portion of the shares. </li></ul>Tata Technologies stock zoomed on debut day, providing its investors with 162% listing gains. That’s more than what the grey market had anticipated at 75%. The stock listed at ₹1,314 as compared to its issue price of ₹500 per share. Its marketcap stands at ₹53,314 crore, according to Bombay Stock Exchange. After a break of 19 years, a Tata group company is listed on the stock exchanges, and has created enough buzz even before listing. The ₹3,042 crore issue is a complete offer for sale that was subscribed 69 times over, making investors rush for it on debut day. Tata Technologies also joined the coveted list of dream debuts like Ideaforge and Netweb Technologies. Here are some of the best listing gains provided by stock debuts this year. Companies with the best listing gains in 2023 <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IdeaForge Technology </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">94% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Netweb Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">89% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">83% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu prakash R Punglia </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">65% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Utkarsh Small Finance Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">60% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cyient DLM </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">51% </td></tr></tbody></table>Source: Axis Capital Possible wealth doubler says analyst The grey market has pegged Tata Tech’s IPO listing gains at over 70% — which is the most bullish it has been, this season. Also, its stellar subscription numbers might push people who have applied for the stock not allotted to try and buy on the first day. Tata Technologies IPO which broke a record with the number of applications is expected. The QIB portion of the issue was subscribed 200 times over the shares on offer. The non-institutional and retail investors’ interest paled in comparison as these quotas were subscribed 62 times and 16 times respectively. Thanks to the buzz, an analyst said that it could provide super-premium listing gains. Not only does the engineering R&amp;D player have a well-established business model, the Tata name worked wonders for the interest in the stock. “There is a high possibility that Tata Technologies can be a doubler candidate post listing. Given the growth potential in outsourcing, the business model would be in great demand going forward. We recommend allotted investors to book 50% profits over and above our expectations and retain the rest for the long-term,” said Prashanth Tapse, research analyst, senior VP of research at Mehta Equities.

Va va vroom: Tata Technologies stock doubles investor money on debut

Makers of the upcoming film '<keyword id="6376012" type="General" weightage="80" keywordseo="tejas" source="Orion">Tejas</keyword>' starring <keyword id="2201" type="General" weightage="80" keywordseo="kangana-ranaut" source="Orion">Kangana Ranaut</keyword> as an Air Force Pilot on Wednesday unveiled the release date. <keyword id="2202" type="General" weightage="100" keywordseo="kangana" source="Orion">Kangana</keyword> took to Instagram and shared stills from the film along with the release date announcement. The first image showed Kangana dressed in a uniform as she walks out of Tejas, a multi-role combat aircraft. The second picture depicted an intense scene, a jeep burning in the background and Kangana in her action avatar. She posted this pic on her Insta stories as well and captioned it, "India's first aerial action movie is here." Kangana also shared a photo in complete uniform. As soon as the announcement was made on social media, the actor's fans flooded the comment section with heart and fire emojis. One of the users wrote, "Waiting Eagerly." "Banno tera swagger, lagey sexy, another comment read. Another commented, "That's woman power." 'Tejas' revolves around the extraordinary journey of Tejas Gill, an Air Force pilot, and aims to inspire and instil a deep sense of pride in the valiant soldiers who tirelessly defend our nation, confronting numerous challenges along the way. The Indian Air Force was the first of the country's defense forces to induct women into combat roles in 2016. Written and directed by Sarvesh Mewara, the film is all set to be in cinemas on October 20, 2023. Apart from this, Kangana will be next seen in the upcoming period film 'Emergency' in which she will be seen portraying the role of late Prime Minister Indira Gandhi. 'Emergency' marks her first solo-directorial film. The film also casts Anupam Kher, <keyword id="33098" type="General" weightage="50" keywordseo="mahima-chaudhry" source="Orion">Mahima Chaudhry</keyword>, Vishak Nair and <keyword id="4558" type="General" weightage="50" keywordseo="shreyas-talpade" source="Orion">Shreyas Talpade</keyword> in prominent roles. Also, she will be seen headlining 'Chandramukhi 2'. Helmed by P Vasu, the film is the sequel to the blockbuster hit Tamil horror comedy 'Chandramukhi' which starred Rajinikanth and Jyothika in the lead roles. In 'Chandramukhi 2' Kangana will portray the role of a dancer in the king's court, known for her beauty and dance skills. SEE ALSO:<a href="https://www.businessinsider.in/sports/news/the-new-chairman-of-selectors-of-indian-cricket-had-some-unique-records-to-his-name/slidelist/101506688.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/news/the-new-chairman-of-selectors-of-indian-cricket-had-some-unique-records-to-his-name/slidelist/101506688.cms" target="_blank">The new chairman of selectors of Indian cricket had some unique records to his name</a><a href="https://www.businessinsider.in/stock-market/news/ideaforge-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491342.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/ideaforge-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491342.cms" target="_blank">ideaForge IPO allotment – how to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/stock-market/news/cyient-dlm-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491430.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/cyient-dlm-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/101491430.cms" target="_blank">Cyient DLM IPO allotment – how to check allotment, GMP, listing date and more</a>

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