Ideaforge Tech’s IPO to open tomorrow, bumper earning opportunity
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GMP reached Rs 475
Good news has come before the IPO of IdeaForge Tech IPO opens. The GMP of Ideaforge Tech IPO reached the level of Rs 475 yesterday i.e. on 24th June 2023 evening. A day before this, IdeaForge Tech’s IPO was in the gray market for Rs 465. However, there has been a decline in the GMP of this drone making company. Earlier on June 19, the GMP of this IPO was Rs.550. However, the IPO staying above Rs 450 is a good thing for investors.
Multibagger Stock: Share of ₹ 56 reached beyond ₹ 1000, no one is ready to sell the shares, made a millionaire
Will have to invest Rs.
The lot size of IdeaForge Tech IPO is 22 shares. Due to this, an investor will have to invest at least Rs 14,784. The allotment of shares will be done by the company on July 4, 2023. The listing of the IPO can be done on BSE and NSE on July 7, 2023.
Explain that Idea Forge makes dual-use drones for both security and civil use. The company has projects for making drones for the Army, DRDO and State Police. In the year 2021, the company had signed a deal with the Army for $ 20 million, or about Rs 160 crore. The company has to make 200 drones for the surveillance of the army.
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