ideaForge Technology IPO: Here’s how to check the allotment status

4 Jul 2023 , 10:42 AM

The drone maker, ideaForge Technology Limited has received magnificent response from the investors with a subscription rate of 106.05 times on the final day. The issue has received more than 33000 crore bids at the upper end of the price band at Rs 672 per share. 

The company is likely to announce its allotment on July 5 as the issue closes on June 30, rather than previous closing date of June 29. 

The qualified institutional bidders (QIBs) oversubscribed their allotted quota by an impressive 125.81 times, demonstrating strong interest from institutional investors. Similarly, non-institutional bidders (NIIs) showed substantial demand by subscribing their portion 80.58 times.

Retail investors also exhibited significant enthusiasm, subscribing their allocated portion 85.20 times. Furthermore, employees showed a high level of interest, with their portion being oversubscribed 96.65 times.

Those who have bid for the IPO can check the allotment status on BSE website or on the website of registrar, Link Intime India Private Limited.