ideaForge IPO fully subscribed in early hours on opening day
Image Credit: economic times
Drone startup ideaForge’s IPO got fully subscribed on the opening day. At 1:30 PM IST on Monday, the public issue was subscribed 1.5X, with the retail investor portion leading the way. While the retail category got subscribed 5.9X, the non-institutional investors (NII) portion was subscribed 1.6X. Besides, the employees’ portion also received 4.1X bids. Qualified Institutional Buyers (QIBs) have not subscribed for the shares so far.