Indian markets closed lower on Friday as US and European markets were trading low for the last couple of sessions. BSE Sensex closed 505 points lower and NSE Nifty was down by 166 points.

ideaForge Technology listed today on the exchange at Rs 1300, marking an impressive 93.5 percent return for investors who invested in the IPO.

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.

Drone manufacturer ideaForge Technology IPO has received positive response from primary market investors. ideaForge has launched IPO today to raise Rs 567 crore in price band of Rs 638-672.

Seven initial public offers will open next week, collecting a total of Rs 1,600 crore from primary market.