ideaForge IPO 1st to cross 100x subscriptions since 2022: Report

The IPO of ideaForge has become the first to cross 100 times subscriptions since 2022, Moneycontrol reported. The drone manufacturer's public issue was subscribed over 106 times during June 26-30, getting over ₹33,000 crore worth of bids at higher end of the ₹638-672 price band. In 2022, none of the IPOs were subscribed over 100 times.