ideaForge IPO listing date advanced. GMP, experts signal strong debut of shares | Mint – Mint

ideaForge Technology IPO: The initial public offering (IPO) is going to hit Dalal Street on Friday i.e. tomorrow on 7th July 2023. As per the information shared by drone maker company, ideaForge IPO listing date has been fixed on 7th July 2023. As per the tentative schedule, ideaForge IPO listing date was expected on 10th July 2023 i.e. on Monday. 
However, BSE or NSE is yet to share an official notification in regard to ideaForge IPO listing date.
After strong ideaForge IPO subscription status and ideaForge IPO allotment, grey market and stock market experts are highly bullish on ideaForge Technology share listing. According to market observers, ideaForge IPO listing price could be around 1182 whereas stock market experts are expecting that ideaForge share would have at least four digit listing i.e. above 1,000 apiece. However, market experts also said that ideaForge IPO may double allottees money if the bull run continues on Dalal Street.

ideaForge IPO GMP today

According to market observers, ideaForge IPO grey market premium GMP) today is 510, which means grey market is expecting that ideaForge IPO listing price would be around 1182 ( 672 + 510), which is more than 75 per cent from ideaForge IPO price band of 638 to 672 per equity share.

ideaForge IPO listing price prediction

On ideaForge IPO listing price that an allottee can expect on ideaForge IPO listing date, Vaibhav Kaushik, Research Analyst at GCL Broking said, “We are expecting at least four digit listing of ideaForge Technology shares. However, much will depend upon the stock market mood. If the Dalal Street sentiment remains positive, then in that case, allottees may expected their money to get doubled on the listing date itself.”
Expecting strong listing of ideaForge IPO, 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.”
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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