I'm excited to write about the bumper listing of IdeaForge shares on the stock market. IdeaForge is a leading drone maker in India. The company's shares were listed on the BSE and NSE on July 1, 2023, at an issue price of Rs. 672 per share. The company's stock made its debut on July 7, 2023, at Rs 1,305.10 per share on BSE, a premium of 94.21% over its IPO issue price of Rs 672. The stock debuted at Rs 1,300 on NSE, up 93.45%, over its IPO issue price.
This is a great result for ideaForge, and it reflects the strong demand for its products and services. The company is a leading drone maker in India, and it has a strong track record of innovation. It is also well-positioned to benefit from the growing demand for drones in India.
Recent Listing
The strong listing of IdeaForge's shares is a testament to the company's strong growth prospects. The drone market is expected to grow rapidly in the coming years, and IdeaForge is well-positioned to capitalize on this growth. The company has a strong product portfolio, a proven track record, and a strong customer base.
The company's IPO was subscribed 106 times at close, which shows that there is a lot of investor interest in ideaForge. The company's stock is currently trading at around Rs 5,396, which is still a significant premium over its IPO issue price.
I think ideaForge is a good investment for the long term. The company is well-positioned to grow in the coming years, and its stock is currently trading at a reasonable valuation.
Key Takeaways
The company's IPO was subscribed 106 times at close, which shows that there is a lot of investor interest in ideaForge. The company's stock is currently trading at around Rs 5,396, which is still a significant premium over its IPO issue price.
I think ideaForge is a good investment for the long term. The company is well-positioned to grow in the coming years, and its stock is currently trading at a reasonable valuation.
Key Takeaways
IdeaForge's share price made a bumper listing on the stock market, rising 94% on its debut.The company is a leading drone maker in India, and it has a strong track record of innovation.The company's IPO was subscribed 106 times at close, which shows that there is a lot of investor interest in IdeaForge.I think IdeaForge is a good investment for the long term.
What's Next?
- Navi Mumbai
What's Next?
IdeaForge is a well-positioned company with a bright future. The company is currently focused on expanding its product portfolio and growing its international sales. I think ideaForge's stock price has the potential to continue to rise in the coming years.
I'll keep you updated on IdeaForge's stock price in the future. Thanks for reading!
Conclusion
In conclusion, we believe that IdeaForge is a good investment for investors who are looking for exposure to the drone market. The company's strong listing is a positive sign, and we believe that the company's share price has the potential to grow significantly in the coming yearsI'll keep you updated on IdeaForge's stock price in the future. Thanks for reading!
Bisusays
FAQ
Q.Is ideaForge listed in India?
- Shares of leading drone maker ideaForge on Friday got listed at Rs 1,305.10 per share on BSE, a bumper premium of 94.21%. The stock debuted at Rs 1,300 on NSE, up 93.45%, over its IPO issue price of Rs 672
Q.What is the history of ideaForge company?
- ideaForge was founded by IIT Bombay alumni in 2007. It was earlier incubated at SINE IIT Bombay and CIIE, Ahmedabad. It is driven by highly motivated professionals from various fields and backgrounds such as aerospace, electronics and mechanical engineering.
Q.Where is ideaForge technology headquarters?
FAQ
Q.Is ideaForge listed in India?
- Shares of leading drone maker ideaForge on Friday got listed at Rs 1,305.10 per share on BSE, a bumper premium of 94.21%. The stock debuted at Rs 1,300 on NSE, up 93.45%, over its IPO issue price of Rs 672
Q.What is the history of ideaForge company?
- ideaForge was founded by IIT Bombay alumni in 2007. It was earlier incubated at SINE IIT Bombay and CIIE, Ahmedabad. It is driven by highly motivated professionals from various fields and backgrounds such as aerospace, electronics and mechanical engineering.
Q.Where is ideaForge technology headquarters?
- Navi Mumbai
ideaForge Technology is headquartered in Navi Mumbai, EL - 146, TTC Industrial Area, Electronic Zone, MIDC Industrial Area, Mahape, India, and has 3 office locations.
Q.What is the company of Idea Force drone?
- ideaForge is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (“UAS”) market. In India, the company has the largest operational deployment of indigenous UAVs, with an ideaForge-manufactured drone taking off every five minutes for surveillance and mapping.
Q.What is the company of Idea Force drone?
- ideaForge is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (“UAS”) market. In India, the company has the largest operational deployment of indigenous UAVs, with an ideaForge-manufactured drone taking off every five minutes for surveillance and mapping.