India, Feb. 11 -- Shares of ideaForge fell as low as 3.2% to INR 417.05 apiece during the intraday trading session on the BSE today (February 11), compared to its previous close of INR 430.85 per share, yesterday.

ideaForge shares are set to end in red for the seventh straight session if the current loss holds.

Meanwhile, the drone manufacturing startup's board has approved an allotment of 31,716 equity shares under its existing employee stock option plan (ESOP).

Based on the stock's closing price yesterday (February 10), the newly allotted equity shares are worth INR 1.36 Cr.

In an exchange filing yesterday (February 10), the startup said that its board approved the allotment of 31,716 equity shares at a face value of INR 10 each to ...