Ideaforge IPO: GMP signals strong investor interest ahead of subscription tomorrow

June 25, 2023

Ideaforge, India’s leading drone maker, has opened its initial public offering (IPO) for subscription with a premium of Rs 460 in the unlisted market. The company is offering shares at Rs 638 to Rs 672 apiece and is looking to raise up to Rs 567 crore. Ideaforge got Rs 254 crore during the IPO’s anchor round with participation from marquee investors like Nomura, HSBC, and Goldman Sachs. The company’s net offer reserves about 75% for the QIB portion, 15% for non-institutional investors, and 10% for retail investors.

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