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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. ....