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Business News/ Markets / Ipo/  ideaForge IPO listing date today. Experts, GMP signal four digit debut of shares
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ideaForge IPO listing date today. Experts, GMP signal four digit debut of shares

ideaForge Technology Limited's IPO is set to be listed on Dalal Street today. Experts predict a strong debut with the share price opening in four digits and potentially doubling the invested amount. The IPO received a strong response from investors, with the issue being subscribed over 106 times.

ideaForge IPO GMP today: Shares of the drome maker company are available at a premium of ₹540 per share in grey market today, say market observers. (Photo: Courtesy ideaForge Technology)Premium
ideaForge IPO GMP today: Shares of the drome maker company are available at a premium of 540 per share in grey market today, say market observers. (Photo: Courtesy ideaForge Technology)

ideaForge IPO listing: The initial public offer (IPO) of ideaForge Technology Limited is going to hit Dalal Street today. As per the information available on the BSE website, ideaForge IPO listing date has been fixed on 7th July 2023 i.e. today.

Informing about the ideaForge IPO listing date, the BSE notice says, "...effective from Friday, July 07, 2023, the equity shares of ideaForge Technology Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities."

According to stock market experts, ideaForge IPO may have a dream debut on Dalal Street today. They said that ideaForge share price would open at least in four digits and in bulls case, the public offer may double the invested amount of lucky allottees. They went on to add that the IPO is small in size and strong response given by investors is enough to understand the investors' appetite in regard to ideaForge IPO. Stock experts said that in bulls case, ideaForge IPO listing price would be around 1200 whereas in bear case the public issue will have at least four digit opening or say anywhere above 1000 levels.

ideaForge IPO listing price prediction

Expecting 'strong debut' of ideaForge shares, Vaibhav Kaushik, Research Analyst at GCL Broking said, "ideaForge Technology IPO attracted strong response by investors and it is still doing well in the unlisted stock market. Major reason for such a robust response by investors to this drone maker company's public issue is its small size, reasonable pricing and strong stock market sentiments. These triggers are still persisting today and hence, we are expecting strong debut of ideaForge shares."

On ideaForge IPO listing price prediction, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart said, "The IPO was very well received by investors, with the issue being subscribed to more than 106 times. This suggests that there is strong demand for the stock. Secondly, the IPO size is relatively small, which could also contribute to a high listing price." She said that market sentiments are high and unlisted stock market is also bullish on the drone maker company's share and hence allottees can expect around 75 per cent premium from the public offer after listing.

Asked about the ideaForge IPO listing price, Vaibhav Kaushik of GCL Broking said, "In bulls case, we are expecting ideaForge IPO to list around 1200 per share levels whereas in bears case, ideaForge share price may open above 1000 per share levels."

What ideaForge IPO GMP signals

According to market observers, ideaForge IPO grey market premium (GMP) today is 540, which means grey market is expecting that ideaForge IPO listing price would be around 1212 ( 672 + 540), which is near 80 per cent higher from ideaForge IPO price band of 638 to 672 per equity share.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

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Asit Manohar
Chief Content Producer at Live Mint Digital Team
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Published: 07 Jul 2023, 07:10 AM IST
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