Key Quantitative Figures
The floor price for the QIP has been set at ₹835.86 per equity share (face value of ₹10 each). The company is authorized to offer a discount of not more than 5% on this floor price. The final issue price will be determined in consultation with the book running lead managers.
Dates of Action
The Fund Raising Committee meeting was held on Tuesday, July 07, 2026, commencing at 07:00 P.M. and concluding at 07:20 P.M. The 'relevant date' for the issue is fixed as July 07, 2026. Shareholder approval was obtained via a special resolution passed through a Postal Ballot held on July 04, 2026. The Preliminary Placement Document is dated July 07, 2026.
Parties Involved
The Fund Raising Committee of the company approved the resolutions. Book running lead managers are appointed for the issue but are not named. The communication is signed by Nilesh Ranjan Jaywant, Company Secretary and Compliance Officer.
Purpose or Rationale
The QIP is being undertaken under the provisions of Chapter VI of the SEBI ICDR Regulations and Sections 42 and 62 of the Companies Act, 2013.
Document Availability
A copy of the preliminary placement document is available on the company's website at https://ideaforgetech.com/.
#Tags: #ideaForge #QIP #SEBIDisclosure #RegulatoryCompliance #Fundraising #Neutral