StockWatch
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Aerospace & Defense
Board Meeting7 Jul 2026, 08:30 pm

ideaForge Approves Fund Raise with Floor Price of ₹835.86

AI Summary

ideaForge Technology Ltd's Fund Raising Committee met on July 07, 2026, to approve a fund-raising issue. The committee authorized the opening of the issue, set the floor price at ₹835.86 per equity share based on SEBI ICDR Regulations, and approved the Preliminary Placement Document. The 'relevant date' for pricing was fixed as July 07, 2026. The company may offer a discount of up to 5% on the floor price, with the final issue price to be determined in consultation with book running lead managers. This action follows shareholder approval via postal ballot on July 04, 2026.

Key Highlights

  • Fund Raising Committee approved opening of the issue on July 07, 2026.
  • Floor price set at ₹835.86 per equity share.
  • Preliminary Placement Document approved.
  • Company may offer a discount of up to 5% on the floor price.
  • Issue price to be determined with book running lead managers.