ideaForge Technology's IPO commences subscription today; live subscription status available here

26 Jun 2023 , 12:09 PM

The Rs 567 crore initial public offer (IPO) of ideaForge Technology has opened for subscription today and will conclude on June 29. Click here to subscribe the IPO.

The drone maker initial share sale is receiving high demand from retail investors and employees. Check the subscription updates of June 26, 12.00 PM in the table below:

Category	No. of shares offered	No. of shares bid for	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	25,28,596	1,232	0.00
Non Institutional Investors(NIIS)	12,64,297	11,90,596	0.94
Retail Individual Investors (RIIs)	8,42,865	32,89,088	3.90
Employee Reserved	13,112	39,842	3.04
Total	46,48,870	45,20,758	0.97

(Source: BSE)

Ahead IPO, the company has secured Rs 255 crore from anchor investors, including renowned names such as Nomura, Invesco, HSBC, ICICI Pru MF, Mirae Asset MF, HDFC MF, Goldman Sachs, and others.

The company has also raised around Rs 60 crore in pre-IPO placement from institutional investors which gradually reduced the issue size.