Page 9 - Forge Technology News Today

In traded volume terms, 7.74 lakh shares of the company were traded at the BSE and over 1.16 crore shares at the NSE during the day.

IdeaForge Technology delivered surprising returns but investors should book profits and exit their positions, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart had said on Friday post ideaForge Technology's stellar listing.

The IPO, which comprised a fresh equity issue of Rs 240 crore and an offer for sale (OFS) of 48.6 lakh shares, was subscribed over 100 times on strong institutional and retail interest.

As per NSE, the total quantity traded stood at 97.12 lakh shares, on BSE the total Quantity stood at 6.5 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 1347.25 crore.

Founded in 2007, ideaForge caters to customers with applications for surveillance, mapping and surveying

Nifty futures on the Nifty International Exchange traded 10 points, or 0.05 per cent, lower at 19,478, hinting at a negative start for the domestic market on Friday.

The unmanned aircraft systems maker listed with a massive 94 percent premium, the highest among companies listed so far in 2023

After the listing, shares of Ideaforge saw some buying interest as the stock rose about another 3 per cent to Rs 1,344, taking the overall gains exactly at 100 per cent over the given issue price.

In the Nifty pack, 7 stocks closed in the green, while 43 stocks ended in the red.

IdeaForge IPO listing date has been fixed on 7th July 2023