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ideaforge ipo subscription status: Ideaforge IPO subscribed 17 3 times so far on day 3 of bidding process

The initial public offering (IPO) of Ideaforge, India s leading drone maker, has been subscribed 17.3 times on the third day of bidding. Retail investors have shown strong demand for the IPO, with the retail category subscribed 44.37 times. The IPO, originally slated to close on June 29, has yet to determine the closure date due to a market holiday. Market sources suggest that the company s shares could command a premium of Rs 540, indicating potential listing gains for investors. Despite concerns about valuation and risks, analysts recommend subscribing to the issue based on the company s strong positioning in the drone market. The IPO comprises a fresh issue of equity shares and an offer for sale by selling shareholders.

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Ideaforge IPO subscription period extended till June 30

Ideaforge, a pioneer in India s drone market, has extended the subscription period for its initial public offering (IPO) by a day. The IPO will now close on June 30 due to a market holiday on Thursday. The public offer has received a strong response from investors, with an overall subscription rate of 28.28 times. Shares are commanding a premium of around Rs 535-550, indicating potential listing gains. The IPO includes a fresh issue of equity shares worth up to Rs 240 crore and an offer for sale of up to 48.6 lakh shares by selling shareholders.

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IPO screener: Retail investors make beeline for ideaForge issue

IPO screener: Retail investors make beeline for ideaForge issue
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ideaforge ipo subscription status: Ideaforge IPO subscribed 6 16x on 2nd day of bidding process; check GMP and other details

India s top drone maker IdeaForge s IPO has been subscribed 6.16 times so far in the bidding process s second day, driven by a robust demand from retail investors. The company has priced its offer between Rs 638-672, aiming to raise about Rs 567 crore. The grey market premium stands nearly 80% higher compared with the upper end of the offer price at Rs 672. It is advised by most analysts to invest in the issue due to the company s niche business, but with risks like high dependence on government-aided projects and global vendors.

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Ideaforge IPO Subscription Date Revised: New Closing Date a Day Earlier Due to Market Holiday

Ideaforge IPO Subscription Date Revised: New Closing Date a Day Earlier Due to Market Holiday
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