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The Times of India

Business

TIMESOFINDIA.COM

UNBELIEVABLE: Ideaforge technology makes stellar debut shares list with 94 premium - The Untold Story

IdeaForge Technology ideaForge BSE NSE Drone New Delhi

NEW DELHI: Shares of drone maker ideaForge Technology made a strong debut on the stock exchanges on Friday, trading at a significant premium of 94% over its issue price of Rs 672. The stock opened at Rs 1,305.10 on the BSE, representing a substantial increase of 94.21%. On the NSE, it debuted at Rs 1,300, witnessing a sharp uptick of 93.45%.

ideaForge Technology's initial public offering (IPO), which took place last week, received an overwhelming subscription of 106.05 times. The IPO, valued at Rs 567.24 crore, had a price range of Rs 638-672 per share.

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