ideaForge Technology IPO will be listing today on the markets and considering the grey market premium for the stock, we can expect 70-80 premium on the listing day for the drone manufacturer. ideaForge Technology IPO was oversubscribed by 106 times. The company has strong position in drone market and has been reporting robust sales.

Listing price is an important indicator for a stock’s performance on the markets. If the listing is strong, long-term investors may also support such companies by adding them to their portfolio. IKIO Lighting IPO received strong response from investors this year and the stock is currently trading at Rs 416 with yearly high and low of Rs 477 and 392 respectively.

Making a strong prediction for ideaForge Technology listing, 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."

As per market expert Vaibhav Kaushik from GCL Broking, "In bullish case, we are expecting ideaForge IPO to list around Rs 1200 per share levels whereas in bearish scenario, ideaForge share price may open above ₹1000 per share levels."

"Following a strong response to the IPO, we expect a minimum 65-70 percent premium, in the opening due to the company’s first mover advantage in the drone industry, diversified product portfolio and wide range of customers to sustain business performance in the long run," Manish Chowdhury, Head of Research at StoxBox said.

Astha Jain, Senior Research Analyst, Hem Securities, has suggested profit booking in the stock goes above Rs 1100 – 1200 odd levels. Long term investors can wait for decline in the stock to accumulate.

While analysts are upbeat about ideaForge Technology, it will be clear very soon how well the stock lists after an exceptional performance of the IPO during subscription period.