ideaForge Technology Limited has completed a Qualified Institutions Placement (QIP) of equity shares, disclosing the allotment details to BSE Limited and National Stock Exchange of India Limited.
Transaction Details
- Issue Type: Qualified Institutions Placement of equity shares
- Face Value: ₹10 per equity share
- Total Shares Allotted: 6,289,308 equity shares
- Issue Price: ₹795.00 per equity share (includes premium of ₹785.00 per share)
- Discount: ₹40.86 per share (4.89% discount to floor price)
- Total Issue Size: ₹5,000.00 million (₹500 crore)
- Issue Period: Opened on July 07, 2026 and closed on July 10, 2026
- Approval Authority: Fund Raising Committee
- Approval Date: July 10, 2026
- Meeting Timing: Commenced at 11:10 P.M. and concluded at 11:25 P.M.
Capital Structure Impact
- Post-allotment Paid-up Equity Capital: ₹496,855,970.00
- Post-allotment Total Equity Shares: 49,685,597 equity shares
Major Allottees (More than 5% of Issue Size)
- HDFC Mutual Fund - HDFC Defence Fund: 1,194,968 shares (19.00%)
- Arohi Emerging India Master Fund: 943,396 shares (15.00%)
- Bandhan Small Cap Fund: 603,775 shares (9.60%)
- Bandhan Infrastructure Fund: 880,503 shares (14.00%)
- Franklin India Small Cap Fund: 691,823 shares (11.00%)
- ACM Global Fund VCC: 314,465 shares (5.00%)
- Bengal Finance and Investment Pvt Ltd: 377,358 shares (6.00%)
- HARA Global Capital Master Fund I Ltd: 377,358 shares (6.00%)
- Mahindra Manulife Small Cap Fund: 349,553 shares (5.55%)
- Mahindra Manulife Manufacturing Fund: 377,358 shares (6.00%)