Ideaforge Technology Limited IPO
Ideaforge Technology Limited was a mainboard IPO in the Aerospace & Defense sector, offered at ₹638–₹672 per share to raise ₹567 crore. The issue was subscribed 106.06× overall (QIBs 125.81×, NIIs 80.58×, retail 85.2×). It listed on 7 Jul 2023 at ₹1,300 and closed its first day at ₹1,295, a listing gain of +92.7% versus the ₹672 issue price. It now trades around ₹628 (-6.5% versus the issue price).
Frequently asked questions
- How many times was the Ideaforge Technology Limited IPO subscribed?
- The Ideaforge Technology Limited IPO was subscribed 106.06× overall — 125.81× in the QIB category, 80.58× among non-institutional investors, 85.2× in retail.
- What were the Ideaforge Technology Limited IPO listing gains?
- Ideaforge Technology Limited listed on 7 Jul 2023 at ₹1,300, closing its first day at ₹1,295 — a listing gain of +92.7% versus the ₹672 issue price.
- What were the retail allotment odds for the Ideaforge Technology Limited IPO?
- Retail was subscribed 85.2×, so a single-lot application had roughly a 1.2% chance of allotment (about 1 in 85), and allotment was finalised on 3 Jul 2023.
- What was the price band and lot size of the Ideaforge Technology Limited IPO?
- The price band was ₹638–₹672 per share, with a minimum lot of 22 shares (₹14,784 at the upper band).
- Who were the registrar and lead manager for the Ideaforge Technology Limited IPO?
- Link Intime India Private Limited was the registrar, and JM Financial was the book-running lead manager.