Ideaforge Technology Completes Qualified Institutional Placement, Allocates Over 6 Million Shares at ₹795 Price
Ideaforge Technology Limited has finalized its qualified institutions placement (QIP), confirming the allocation of 6,289,308 equity shares to eligible qualified institutional buyers. The decision was made by the company's Fund Raising Committee on July 10, 2026.The Issue was opened on July 7, 2026. Following the successful closure, the committee determined and approved the allocation details for the Equity Shares, setting the final issue price at ₹795.00 per share.
The placement provided a discount from the floor price of ₹835.86 per equity share, resulting in a 4.89% reduction. The confirmed premium on the stock was set at ₹785.00 per Equity Share.
Details of the allocation and pricing are summarized below:
| Metric | Value |
|---|---|
| Total Equity Shares Allocated | 6,289,308 |
| Issue Price per Share | ₹795.00 |
| Floor Price per Share | ₹835.86 |
| Discount per Share | ₹40.86 (4.89%) |
| Premium per Share | ₹785.00 |
The Fund Raising Committee also approved the Placement Document, dated July 10, 2026. Furthermore, the committee finalized the confirmation of an allocation note that will be sent to all eligible qualified institutional buyers, formally intimating them regarding their allotment in the Issue.
IDEAFORGE Stock Price Movement
Ideaforge Technology Limited shares closed robustly in the post-market session today, surging to ₹900.75 after gaining 4.99% from its previous close. The equity traded with a volume of 376,746 shares, finishing the session near its day high and having touched a low of ₹860 during trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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