IPO of Infosys backed drone maker gets strong response from retail investors

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[{"selector":"#anim-da9b6a7e-39c8-4da9-98b8-fb4690c8815a","keyframes":{"transform":["translate3d(-115.35948%, 0px, 0)","translate3d(0px, 0px, 0)"]},"fill":"forwards","duration":600,"delay":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)"}] IPO has received strong response from Non institutional investors as well

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[{"selector":"#anim-afa528b7-7f1f-4b7b-8a6c-01160621c3f5","keyframes":{"transform":["translate3d(-115.06411%, 0px, 0)","translate3d(0px, 0px, 0)"]},"fill":"forwards","duration":600,"delay":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)"}] -But looking at industry growth potential, this company should grow with time. It boasts of 50% market share.”

[{"selector":"#anim-42a076fe-518e-4a95-b74c-caf9273823c9","keyframes":{"transform":["translate3d(-115.06411%, 0px, 0)","translate3d(0px, 0px, 0)"]},"fill":"forwards","duration":600,"delay":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)"}] Motilal Oswal also gave subscribe rating to the IPO. The share sale is fairly valued according to the brokerage.

[{"selector":"#anim-68f580e9-a564-49c8-ad1b-9c2d6c6173f7","keyframes":{"transform":["translate3d(-115.06411%, 0px, 0)","translate3d(0px, 0px, 0)"]},"fill":"forwards","duration":600,"delay":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)"}] Founded in 2007, the Mumbai-based company manufactures and sells drones to Indian Army and Police force.

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[{"selector":"#anim-482a0749-a9d0-48e6-aab7-37d5a3c7530c","keyframes":{"transform":["translate3d(-114.96816%, 0px, 0)","translate3d(0px, 0px, 0)"]},"fill":"forwards","duration":600,"delay":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)"}] During a terrorist ambush in Pampore in 2016, ideaForge drones were used to deliver crucial intelligence by revealing precise locations of the terrorists.