The issue was subscribed 3.69 times with bids of 1.71 crore shares against 46.49 lakh shares on offer. The bids came in a band of ₹638-672, according to stock exchange data.
Drone maker ideaForge Technology on Wednesday said it has fixed a price band of Rs 638 to 672 per share for its Rs 567-crore initial public offering.
The initial share sale will open for public subscription on June 26 and conclude on June 29, according to the company.
The IPO comprises a fresh issue of equity shares worth Rs 240 crore and an offer for sale of 48,69,712 equity shares. The offer also includes a reservation for a subscription by eligible employees.
IPO: Drone maker IdeaForge raises Rs 60 cr in pre-IPO round indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.