Ideaforge IPO becomes first to cross 100 times subscription since 2022

Ideaforge Technology has turned out to be the first IPO to get subscriptions more than 100 times in 18 months. Qualified institutional investors (QIIs) were at the forefront as their reserved portion was booked 125.81 times. The drone maker may be enjoying the first-mover advantage from the drone-making industry, said experts.

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