Multibagger IPO: ideaForge share price extends gain after 'dream debut' on Dalal Street. Buy, sell or hold?

livemint.com:

Multibagger IPO: The initial public offer (IPO) of ideaForge Technology Limited listed on BSE and NSE at a whopping 93 per cent premium against the ideaForge IPO price band of ₹638 to ₹672. ideaForge share price opened on BSE at ₹1305.10 apiece levels and went on to hit an intraday high of ₹1344.00 per share levels within few minutes of ideaForge IPO listing.

Similarly, ideaForge share price opened at ₹1300 on NSE and went on to hit intraday high of ₹1343.95 apiece within grew seconds of listing. So, an allottees money got doubled within few minutes of share listing on ideaForge IPO listing date.

This means, the drone maker company managed to double its lucky allottees money in less than 15 days of investment as the IPO had opened for subscription on 26th June 2023. However, stock market experts are expecting further rise in ideaForge share price.

They said that one should book 50 per cent profit and fish out their principal and hold the drone maker company's stock for ₹1700 apiece target in long term. Speaking on outlook for ideaForge shares, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart said, "While there is no doubt that this was a great opportunity for investors, and it has delivered some surprising returns, we would recommend that investors should book profits and exit their positions.

This is because after listing the stock is already trading at a significant premium to its issue price. Additionally, there are some business-related risks associated with the company, so it is better to lock in these gains now rather than take the risk of carrying them forward however, aggressive investors can still hold it with stop loss at ₹1170." Asked about a balanced approach that may further maximise one's