The IPO of ideaForge Technology witnessed exceptional demand, with a subscription of 43.41 times by 3.36 PM. The remarkable interest primarily came from retail investors, as their category was oversubscribed by 61.71 times. The non-institutional portion saw a subscription of 57.99 times, while qualified institutional buyers’ portion garnered a subscription of 29.95 times.
The price range for the ideaForge Technology IPO has been set at Rs 638 to Rs 672 per equity share. Following the completion of the subscription period, the tentative date for the IPO allotment is expected to be on July 4, 2023.
The company plans to list its shares on both the NSE and BSE, with the likely date for share listing set for July 7, 2023.
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