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IdeaForge Technology Listing: Drone manufacturing company IdeaForge Technology has got a tremendous listing in the stock market and investors have earned bumper earnings in this stock. The listing of its shares on BSE has been done at Rs 1305.10 per share. In front of the issue price of Rs 672, its shares have been listed at a premium of about 94 per cent. At the same time, the listing of IdeaForge Technology shares on NSE has been done at Rs 1300 per share.
Ideaforge IPO price band
Ideaforge had fixed the price band of the IPO at Rs 638 – 672 per share.
Since when was the IPO open
The IPO of IdeaForge Technology was open from 26 to 30 June.
How was the response to the IPO
This IPO with a size of Rs 567 crore was subscribed 106.6 times. Tremendous enthusiasm was seen among retail investors regarding this IPO and the reserved quota for retail investors was subscribed 85.20 times. In this, the quota of institutional investors was subscribed 125.81 times, while the quota of non-institutional investors was subscribed 80.58 times.
What was the GMP of Ideaforge Tech shares?
Ideaforge’s shares were trading at a premium of 75 per cent in the gray market till yesterday, indicating that the listing of its shares is going to take place with a good margin. Ideaforge’s IPO got tremendous response from investors and experts had already predicted bumper earnings.
Know more about Ideaforge IPO
The overwhelming response of investors in the Ideaforge IPO was also seen because Infosys has a 4.25 per cent stake in the company. Telecom hardware manufacturing company Qualcomm, Florintree Capital Partners also have a stake in IdeaForge. Ideaforge is the first drone company to be listed on BSE and NSE.
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