ideaForge Technology IPO
Drone Technology / Defence UAV - Listed on 07 July 2023
ideaForge Technology IPO listing summary
ideaForge Technology (Drone Technology / Defence UAV) closed its IPO window in 2023 and listed on NSE and BSE on 07 July 2023 at an upper band issue price of Rs 672, opening at Rs 1300 for a listing gain of +93.5% and closing day one at Rs 1295 (+92.7% on closing basis). The IPO was subscribed 106.06x overall - QIB 125.81x, HNI/NII 80.58x, Retail 85.20x. The total issue size was Rs 567.24 Cr (Fresh Issue Rs 240 Cr, OFS Rs 327.24 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
ideaForge Technology IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 500 | +74.40% |
| Day 2 | Rs 500 | +74.40% |
| Day 3 | Rs 480 | +71.43% |
| Day 4 | Rs 480 | +71.43% |
| Day 5 | Rs 530 | +78.87% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the ideaForge Technology IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
ideaForge Technology IPO - FAQs
What was the listing gain of ideaForge Technology IPO?
ideaForge Technology IPO listed at +93.5% versus the upper issue price of Rs 672 on 07 July 2023.
How many times was ideaForge Technology IPO subscribed?
ideaForge Technology IPO was subscribed 106.06x overall. QIB portion was subscribed 125.81x, HNI / NII 80.58x and Retail 85.20x.
What was the IPO GMP for ideaForge Technology?
IPO GMP started at Rs 500 on Day 1 and moved to Rs 530 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.