Public Market

IPO

Drone maker ideaForge Technology's IPO subscribed 106x

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The initial public offering (IPO) of IdeaForge Technology, a drone manufacturing company, was subscribed 106 times on the final day. The retail portion of the issue got subscribed 85.20 times. The NII (non-institutional investor) portion got subscribed 80.58 times while QIB (qualified institutional buyer) portion got subscribed 125.81 times JM Financial and IIFL Securities are the sole book running lead managers while Link Intime India is the registrar to the offer. This is the most subscribed IPO after Data Patterns' public issue in December 2021.