Ideaforge IPO subscribed 6.16x on 2nd day of bidding process; check GMP and other details
India's leading drone maker, Ideaforge, witnessed a subscription of over 13 times on the second day of its initial public offer (IPO) bidding process. Retail investors' category led the robust demand, with a subscription of 36.36 times. The IPO, priced between INR638-672, is expected to raise around INR567 crore, and the company enjoys a commanding 50% market share in the Indian unmanned aircraft systems market.
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