Is the ideaForge IPO oversubscription justified?

The drone maker’s share sale is skewed towards providing existing investors with an exit, at a time when the company needs all the cash it can get for growth.

28 June, 202311 min
0
Is the ideaForge IPO oversubscription justified?

You may also like

Business
Story image

How India’s retail shareholders are being left holding the can

Swiggy and Ola Electric’s plans to return to the public markets soon after big-bang IPOs leave investors with dilution, little prospect of returns and plenty of questions.

Business
Story image

What the $1 trillion pledge got MBS in return

The crown prince of Saudi Arabia returns to Washington DC with big promises, but may be walking away with more.

Internet
Story image

In India’s Lenskart IPO, a success for ADIA

The sovereign wealth fund’s big bet on the Indian eyewear company, Microsoft’s AI win in the Emirates and other updates from the week.