ideaForge IPO fully subscribed on day one of bidding. GMP, review

1] ideaForge IPO GMP today: According to market observers, ideaForge Technology IPO grey market premium (GMP) today is ₹485 that means grey market is expecting around 70 per cent listing gain from the public issue on ideaForge IPO subscription opening date

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2] ideaForge IPO subscription status: By 03:24 PM on day one of bidding, ideaForge IPO has been subscribed 2.47 times whereas its retail portion has been subscribed 9.31 times. In NII category, the public issue has been subscribed 2.78 times.

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3] ideaForge IPO price: ideaForge Technology IPO price has been fixed at ₹638 to ₹672 per equity share

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4] ideaForge Technology IPO allotment date: After closure of subscription, ideaForge IPO allotment date is most likely on 4th July 2023.

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5] ideaForge IPO size: The drone maker company aims to raise 567 crore from its public offer.

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6] ideaForge IPO lot size: A bidder will be able to apply in lots and one lot would comprise 22 company shares.

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7] ideaForge IPO listing: The drone maker company has proposed to list its shares on both NSE and BSE and the likely date for share listing is 7th July 2023.

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8] ideaForge IPO registrar: Link Intime India Private Ltd has been appointed as official registrar of the public issue.

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9] ideaForge IPO review: Giving 'subscribe' tag to the public offer, Motilal Oswal said, "We like IFL given its complex/wide product portfolio, presence in niche space, strong client relationship and high entry barriers. The issue is valued at 5x P/BV (peers avg: ~8x)

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