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Foreign institutional investors (FII) sold shares worth Rs 409.43 crore, whereas domestic institutional investors (DII) purchased shares worth Rs 250.12 crore on June 26, provisional data from the National Stock Exchange shows.
India's top drone maker IdeaForge's IPO has been subscribed 6.16 times so far in the bidding process's second day, driven by a robust demand from retail investors. The company has priced its offer between Rs 638-672, aiming to raise about Rs 567 crore. The grey market premium stands nearly 80% higher compared with the upper end of the offer price at Rs 672. It is advised by most analysts to invest in the issue due to the company's niche business, but with risks like high dependence on government-aided projects and global vendors.
Frozen buffalo meat exporter HMA Agro Industries has also changed its IPO basis of allotment finalisation date to June 28, from June 29 previously.
IdeaForge Technology IPO: Market participants said Fusion Micro Finance IPO's grey market premium (GMP) was last heard between Rs 540 and Rs 545. Considering the higher GMP of Rs 545, the grey market is expecting the drone maker to list around Rs 1,217 (Rs 672 + Rs 545), which is 81.10 per cent higher than the IPO's upper band price of Rs 672 per equity share.
Indian stock market to have 4-day trading week due to Bakrid holiday.