Two IPOs will Open this Week: Sient DRM and Ideaphorj Technologies.

Two initial public offerings (IPOs) will open in the stock market this week. They include Cyient DRM and IdeaForge Technologies. Cyient DRM is an electric utility services provider company. Meanwhile, IdeaForge is a company that manufactures drones. Let’s learn more about each of these IPOs.

1. Cyient DRM: Cyient DRM is a company that offers electric utility services. It specializes in providing engineering solutions for power distribution, grid management, renewable energy integration, and more. The IPO of Cyient DRM will allow investors to buy shares of the company and become part-owners. By investing in the IPO, individuals can participate in the potential growth and success of Cyient DRM.
2. IdeaForge Technologies: IdeaForge Technologies is a leading manufacturer of drones in India. The company focuses on developing unmanned aerial vehicles (UAVs) for various applications, including defense, surveillance, industrial inspection, and agriculture. IdeaForge’s drones are known for their advanced technology, durability, and reliability. The IPO of IdeaForge Technologies will provide an opportunity for investors to own a stake in the company and potentially benefit from the growing drone industry.

Both IPOs present investment opportunities in different sectors. Investors interested in the electric utility services or drone manufacturing industry may consider exploring these IPOs further to assess their potential for returns and long-term growth.

Cyient DRM’s IPO aims to raise Rs. 567 crore. The company has set a price band of Rs. 250-265 per share for the IPO. Retail investors can apply for this IPO from June 27th to June 30th.

For retail investors, the minimum lot size is 56 shares. If an investor applies for 1 lot at the upper price band of Rs. 265, they will need to invest Rs. 14,840.

Retail investors can bid for a maximum of 13 lots. Therefore, for the Cyient DRM IPO, they can bid for a maximum of 728 shares, which would require an investment of approximately Rs. 1,92,920 according to the upper price band.

IdeaForge Technology Limited is seeking to raise Rs. 592 crore through its IPO. The company has set a price band of Rs. 638-672 per share for the IPO. Retail investors can apply for this IPO from June 26th to June 29th.

For retail investors, the minimum lot size is 22 shares. If an investor applies for 1 lot at the upper price band of Rs. 672, they will need to invest Rs. 14,784.

Please note that the information provided is based on the given details and may be subject to change. It is advisable to refer to the official prospectus and announcements for the most accurate and up-to-date information regarding the IdeaForge Technology Limited IPO.

Retail investors can bid for a maximum of 13 lots in the IdeaForge Technology Limited IPO, which translates to 286 shares. For this, they will need to invest approximately Rs. 1,92,192 according to the upper price band.

In both IPOs, 10% of the shares are reserved for retail investors. Qualified Institutional Investors (QIBs) are allotted 70% of the shares, except for the remaining 10% for retail investors and 15% for Non-Institutional Investors (NIIs) or other non-anchor investors.