ideaForge shares made a stellar debut on Dalal Street on Friday, as the stock doubled investors’ wealth on its maiden trading session. The stock closed at Rs 1,305.10 on the BSE, a whopping 94.21% premium over its IPO issue price of Rs 672.
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The company’s shares opened at Rs 1,300 on the NSE, up 93.45%, over its IPO issue price. The stock touched a high of Rs 1,344 during the day, before closing at Rs 1,305.10.
The strong listing of ideaForge shares is a positive sign for the Indian drone industry. The company is one of the leading drone makers in India, and its IPO was well-received by investors. The strong listing is likely to boost the confidence of other drone companies in India, and could lead to more IPOs in the future.
![[Image of ideaForge drone]](http://freshnewspoint.com/wp-content/uploads/2023/07/SwitchA4@2x.2193fed.png)
ideaForge is a leading drone maker in India. The company was founded in 2007, and is headquartered in Pune. ideaForge’s drones are used by the Indian military and police, as well as by commercial and industrial customers.
The company’s IPO was subscribed 106 times, indicating strong demand from investors. The IPO raised Rs 750 crore, which will be used to fund the company’s growth plans.
The strong listing of ideaForge shares is a positive sign for the Indian drone industry. The drone industry is expected to grow rapidly in the coming years, and ideaForge is well-positioned to capitalize on this growth.
