IdeaForge Technology doubles investors’ wealth on stock market debut
Drone maker IdeaForge Technology made a stellar stock market debut on Friday, with its shares getting listed at Rs 1,305.10 apiece on the BSE, a 94 per cent premium over its issue price of Rs 672 per share. The stock opened at Rs 1,300 on the National Stock Exchange (NSE).
Post listing, the market price of the company doubled against its issue price, hitting a high of Rs 1,344 on the BSE in the intra-day trade. At 10:09 am, IdeaForge was trading at Rs 1,268, 88 per cent higher against its issue price. A combined 5.1 million shares have, thus far, changed hands on the NSE and BSE.
