The initial public offer (IPO) of ideaForge Technology has been fully subscribed on day 1 with a heavy demand from retail investors and employee portion.
On day 2, by 1.00 pm, the overall issue subscription rate reached 7.17 times, indicating high demand. In particular, the subscription rate for retail investors stood at 23.70 times, reflecting a higher level of interest from this segment. The non-institutional investor (NII) subscription rate was at 10.31 times, whereas, QIB and employee portion has been subscribed 0.06 and 15.54 times, respectively.
ideaForge has established a price range of Rs 638-672 per equity share.
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