StockWatch
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Aerospace & Defense
Investment10 Jul 2026, 09:40 pm

ideaForge Technology Closes Fund Raise, Allots 6.28M Shares at ₹795

AI Summary

ideaForge Technology Limited announced the closure of its fund-raising issue on July 10, 2026. The company's Fund Raising Committee approved the allocation of 6,289,308 Equity Shares at an issue price of ₹795.00 per share. This price represents a discount of 4.89% (₹40.86) to the floor price of ₹835.86 per Equity Share. The issue was opened on July 7, 2026, and closed on July 10, 2026, following the receipt of applications and funds from eligible qualified institutional buyers. The company also approved the placement document and finalized allocation notes for the buyers.

Key Highlights

  • Fund raising issue closed on July 10, 2026.
  • 6,289,308 Equity Shares allocated at ₹795.00 per share.
  • Issue price is at a 4.89% discount to the floor price.
  • Allocation made to eligible qualified institutional buyers.