The initial public offering (IPO) of drone maker IdeaForge Technology was fully subscribed to by the afternoon on June 26, the first day of bidding. The offer received bids for 73.93 lakh equity shares against an issue size of 46.48 lakh, the latest data on exchanges showed, which means the issue was subscribed 1.59 times. Retail investors bought 6.15 times their allotted quota and employees 4.28 times the small portion set aside for them. As many as 13,112 shares have been set aside for employees who get them at a discount of Rs 32 a share to the final issue price. Catch Moneycontrol in an exclusive conversation with Ankit Mehta, CEO, IdeaForge Technology.
first published: Jun 26, 2023 02:12 pm
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