The initial public offering (IPO) of ideaForge Technology, a leading drone maker, witnessed strong demand from investors across all segments. The company has announced that it will finalize the allotment of IPO shares on July 5.
During the subscription period from June 26 to June 30, the ideaForge Technology IPO, valued at ₹567 crore, was oversubscribed a remarkable 106.06 times. The company received bids for 49.30 crore shares compared to the 46.48 lakh shares on offer.
The retail category witnessed a subscription of 85.20 times, while the Qualified Institutional Buyers (QIB) category was oversubscribed an astonishing 125.81 times. Non-Institutional Investors (NII) showed significant interest with a subscription rate of 80.58 times as of June 30, 2023.
Investors eagerly awaited the ideaForge IPO allotment date, which is scheduled for Today, July 5. The listing date for the ideaForge IPO is set for July 10.
To check their ideaForge Technology IPO allotment status, investors can visit the BSE website or the website of the IPO registrar, Link Intime. Here are the steps to follow:
Checking ideaForge Technology IPO allotment status on the BSE website:
Your ideaForge Technology IPO allotment status will be displayed.
Investors can also check their ideaForge Technology IPO allotment status on the website of the IPO registrar, Link Intime, by following these steps:
Checking ideaForge Technology IPO allotment status on the registrar’s website:
Your ideaForge Technology IPO allotment status will be visible.
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