Indices: Stock market update: Nifty Pharma index falls 0.74%
The Nifty Pharma index closed 0.74 per cent down at 13769.0.
Source: indiatimes.com
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Top News In Ideaforge Technology Today - Breaking & Trending Today
ideaForge IPO listing: Bumper listing! ideaForge nearly doubles IPO investor wealth with 94% gain
IdeaForge, India's leading drone maker, made a bumper listing in its stock debut, skyrocketing 94.21% to Rs 1,305.10 per share on BSE, while it debuted at Rs 1,300 on NSE. Despite expensive valuations, the drone maker attracted strong responses to its IPO offer, with subscription levels reaching 106 times at close. The company aims to utilise the proceeds from its fresh issuance mainly for working capital requirements and product development, among others.
Source: indiatimes.com
After IdeaForge Tech's sky-high listing, a word of caution from analysts
The unmanned aircraft systems maker listed with a massive 94 percent premium, the highest among companies listed so far in 2023
Source: moneycontrol.com
Bumper listing | Ideaforge Technology debuts with 94% premium
Ideaforge Technology's listing price matched analysts' expectations. They were expecting a listing premium in the range of 50-75 percent.
Source: moneycontrol.com
Ideaforge Technology closes with 93% gain on debut, the biggest rally among stocks listed since 2021
Ideaforge Technology touched an intraday high of Rs 1,343.95, almost double compared to issue price and saw a day's low of Rs 1,260 (up 87.5 percent).
Source: moneycontrol.com