IPO of India’s leading drone maker :
The ideaForge Technology Limited initial public offering (IPO) began accepting subscriptions on June 26, 2023, or today. Bidding will be accepted through June 29, 2023, or until Thursday this week. The drone manufacturer has set the price range for the ideaForge IPO at 638 to 672 as per equity share. However, ideaForge Technology Ltd. shares have already debuted on the black market. Market watchers claim that ideaForge shares are currently trading on the black market for a premium of 450 rupees per share.
Retail investors have enthusiastically embraced the drone manufacturing companies’ public offering, according to the ideaForge IPO subscription status. By 5:00 PM on the first day of bidding, the ideaForge IPO had received 3.7 times as many subscriptions as its retail component (12.47 times) and employee category (8.48 times). The public issue in the NII category has received 5.13 subscriptions, whereas only 1% of the QIB section has.
List of important ideaForge Technology IPO details :
1.Market watchers estimate that the ideaForge Technology IPO’s grey market premium (GMP) is currently $485, which suggests that the grey market is anticipating a listing gain of almost 70% on the ideaForge IPO subscription opening date.
2.By 3:30 PM on the first day of bidding, the ideaForge IPO had received 2.48 times as many subscriptions as its retail part. The public issue in the NII category has received 2.77 subscriptions.
3.The price range for ideaForge Technology’s initial public offering is 639–673 per equity share.
4.The date of the ideaForge IPO allotment after the subscription period has ended is most likely July 4, 2023.
5.The manufacturer of drones hopes to raise 570 crores from its first public offering.