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ideaForge Technology IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 567.29 Cr. The company is based in Mumbai and caters to Drone sector. Iifl Securities , Jm Financial are the merchant bankers of ideaForge Technology IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th February 2023.
ideaForge Technology IPO open date is 26th June 2023 and close date is 30th June 2023. IPO Allotment Date is 5th July 2023 and Listing date is 7th July 2023.
IPO
Size:
₹ 567.29 Cr.
Avg IPO Size (Sector Based)
: ₹
567.29 cr.
Sector: Drone
IPO so far:
1
Merchant Banker:
Iifl Securities
IPO by BRLM so far:
91
City:
Mumbai
IPO so far:
184
Revenue (annualised):
₹
196.40
cr. 
PE
Ratio:
3.81x
Average Sector PE Ratio: 3.81x
ideaForge Technology IPO size is ₹ 567.29 Cr. with IPO price of ₹ 672.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Iifl Securities Limited is the book-running lead manager of the ideaForge Technology IPO. Link Intime India Private Limited is the Registrar for ideaForge Technology IPO.
ideaForge Technology IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
ideaForge Technology IPO, based in Mumbai, operates in the Drone sector with a focus on Unmanned Aircraft System. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. ideaForge Technology IPO size is ₹ 567.29 Cr. with fresh issue size of ₹ 240.00 Cr. and Offer for sale being ₹ 327.29Cr.
The IPO allotment date for ideaForge Technology IPO is expected to be 5th July 2023, after the finalization of basis of allotment. Investors can check ideaForge Technology IPO allotment status on the registrars website, Link Intime India Private Limited . ideaForge Technology IPO refund dates are 6th July 2023.
ideaForge Technology IPO is expected to be listed on 7th July 2023.
The upper price band for the ideaForge Technology IPO is set at ₹ 672.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on ideaForge Technology IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the ideaForge Technology IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 30th June 2023. After submission, funds are blocked until the basis of allotment of ideaForge Technology IPO is finalised.
The merchant banker for ideaForge Technology IPO is Iifl Securities Limited , Jm Financial Limited . Iifl Securities Limited , Jm Financial Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the ideaForge Technology IPO RHP for further details.
The registrar for ideaForge Technology IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to ideaForge Technology IPO through their official website or helpline.
ideaForge Technology IPO was subscribed 106.06 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 567.29 Cr.
Avg IPO Size (Sector Based)
:
₹ 567.29 Cr.
Sector: Drone
IPO so far:
1
Merchant Banker:
Iifl Securities
IPO by BRLM so far:
91
City:
Mumbai
IPO so far:
184
Revenue (annualised):
₹ 186.00 cr.
PE
Ratio:
3.81x
Average Sector PE Ratio: 3.81x
ideaForge Technology IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on ideaForge Technology Financial Review Page
Merchant Banker(s) of ideaForge Technology IPO: Iifl Securities Limited , Jm Financial Limited
ideaForge Technology IPO subscription was 106.06 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
ideaForge Technology IPO listed at a listing price of 1295.50 against the offer price of 672.00.
The current market price of ideaForge Technology is 591.35.
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