ideaForge Technology Limited IPO Message Board (Page 36)

Congratulations @Aman Ipo 
For getting TOP CONTRIBUTOR tag .
Looking forward for same enthusiasm

* read this message tomorrow

1. Has anyone ever got allotment from Kotak 811 Digital Savings Account ASBA linked with Zerodha/Groww demat account?

2. Has anyone ever got allotment from SBI Account ASBA linked with Zerodha/Groww demat account?

3. Has anyone ever got allotment by applying directly from Groww app linked with SBI/Kotak 811 Digital Savings Account?

don't know about banks but there is something wrong with groww. I have never seen any of my friends or relatives getting allotment in average or good IPOs from groww app or asba linked with groww demat account.

I have got allotments through SBI ASBA linked to Zerodha. Further, there is no link between a particular bank/broker and allotment. I also have rarely got allotments in good IPOs.

With increasing adoption in the defence, security and commercial sectors, the drone industry has seen significant growth in recent years. The future of this type of company is bright. So you can apply for both listing gains and long term hold in this IPO.

Cyient vs ideaForge? (HNI)
ideaForge: High listing gains but low chances of allotment
Cyient: Relatively less listing gains but high chances of allotment

Infosys holds 16.2L shares in the IPO going Ideaforge at a weighted avg price of Rs 106.8/share (75% in Series A CCPS (August 2017) and 25% in Series B CCPS (April 2022))

IPO is at Rs 675

A cool 6.32x in ~6 years.

Infosys Invested Rs 17 Cr, Current Value of 110 Cr!

GMP 450 with low volume

Kaafi time se kisi ipo me itna jyada premium nahi dekha.

400-450 bhi sustain kare listing tak to bhi acha premium aur Profit Hoga.

Can we use rupay credit card through UPI for ipos

No you can't use Credit Card's for IPO Payment

@Regain Great. Good idea. New members coming with good ideas. It's possible or not, totally different thing. Possible in future.
Never read such idea in past. This is called ""JUGAADOO"
Thinking beyond limits. Sky is the limit.

IdeaForge Technology IPO

Issue Price + GMP = 672+495 = 1,167

*EPS FY23 = 8.12*
Effectively, the *PE Multiple = 143.75X*

Whereas,
Peer Group:

1)
Data Pattern India
CMP = 1,887
EPS FY23 = 23.80
PE Multiple = 79.30X

2)
MTAR Technologies
CMP = 1,998
EPS FY23 = 33.62
PE Multiple = 59.45X

3)
Astra Microwave
CMP = 382
EPS FY23 = 8.06
PE Multiple = 47.40X

IdeaForge Technology IPO

Issue Price + GMP = 672+470 = 1,142

*EPS FY23 = 8.12*
Effectively, the *PE Multiple = 140.64X*

Whereas,
Peer Group:

1)
Data Pattern India
CMP = 1,910
EPS FY23 = 23.80
PE Multiple = 80.24X

2)
MTAR Technologies
CMP = 1,992
EPS FY23 = 33.62
PE Multiple = 59.25X

3)
Astra Microwave
CMP = 379
EPS FY23 = 8.06
PE Multiple = 47.00X

Today a pdf got in circulation
How it's going to affect this IPO?
Haven't studied it

Jealous competitor i suppose. Ideaforge definitely has a first mover advantage. Doesn't import drones like the most of the rest ...marquee investors like Qualcomm, Celesta, Infosys, Florintree have invested in it ...dont you think they do their due diligence. All rubbish ... IPO time pe hi yeh saab hota hai .. genuine company ko kuch farak nahi padta

@GrowYourMoney Janhit main bata dijiye sir kya tha pdf main

Idea forge and cyient DLM in both IPO retail part is only 10% that means both are loss making company, so why there is so much demanding?

In Dronacharya filmstars were investors and stock climbed high, here Infosys is one of key investor. Whether to apply or not is now ur duty...

Hello friends!
I want to know that if I applied for SHNI/BHNI in Ideaforge IPO?
How many shares/lot will I get in allotment?

Thanks in advance!

Gaurav, either you get full or nothing.

Either 14 lots or nothing.

why premium is decreasing day by day . IMO initially made some fancy without any basis

@Aman Ipo Yeas u r absolute right . txs

@PLAZA  @Aman Ipo My views of calculation was on the basis of investment of one lot of about Rs. 15,000. Expected price of share was between 720 -750. Even in CG it was showing lot size of 20. Until prize band is not declared the GMP per share is difficult to calculate/predict, I think so. Market can come out with any GMP at any point of time. GMP is never parameter of any perfection, we all know.
If the lot size is declared by company and price is reduced for the same lot, GMP will definitely go up according. In addition sentiments in market for any share can go up or go down. Still my thinking only. Members may differ.
One can name the child after his birth only. The right way of life.
Have a nice weekend, both of you.

Dono ipo ko clash kara kar bahut mushkil me daal diya uppar se Retail 10%.
Only few very lucky will find allotment.

Sahi baat hai..

Writing this considering sure oversubscription in all categories (1 lot= 22 shares)

1. Retail       investors who bid for 22 share will alloted by 22 lottery.

2. Retail investors can apply for maximum 13 lots of 22 I.e. max 286 shares, but they will rewarded by only 22 shares by lottery.

3. sHNI who bid for 14 lots i. e. 308      shares can receive 308 shares by lottery.
They can bid for 1,474 shares but will receive only 308 by lottery.
      
4. bHNI is one who bid for 68 lot and above i.e. 1,496 shares, like sHNI they will also receive 308 shares by lottery.

Best wishes to all

Thank you so much

Prem 470/480

Idea forge volatility
580₹ high to 440₹ low
Now 490₹
Cyient opening bhav
105/115

GMP~450Rs

What will be the subscription of Ideaforge?

Any simple way to IPO financing?

Very poor cash conversion cycle.