Drone stock IdeaForge Technology share price jumps over 4% after launch of ₹500-crore QIP

IdeaForge Technology launched a qualified institutional placement to raise up to around ₹500 crore, with the floor price fixed at ₹835.86 per equity share. The drone manufacturer's stock rallied as much as 4.64% to around ₹877 on the BSE following the announcement. The QIP pricing committee approved the launch on July 7, with the company reserving the right to offer a discount of up to 5% on the floor price.