ideaForge Technology IPO bidding was started on 26th June 2023 and ended on 30th June 2023. The issue size of the IPO was 567 Cr and the bid price range for the same was Rs 638 – Rs 672.
ideaForge IPO Subscription Status
| Day | Date | Subscription |
| Day 1 | 26th June 2023 | 3.69 X |
| Day 2 | 27th June 2023 | 13.27 X |
| Day 3 | 28th June 2023 | 50.30 X |
The IPO was subscribed 106.05 times as of 5 Jul 2023. It received bids for 49.3 cr shares compared to 46.48 lakhs shares that were offered.
Subscription Rate
| Retail Investors | 85.1 X |
| Non-Institutional Investors | 80.58 X |
| Qualified Institutional Buyers | 125.81 X |
Currently, the ideaForge IPO GMP is Rs 523. It is expected to list with a gain of around 75% against the issue price band.
The allotment finalization date is today (5th July 2023). If you have applied for the IPO, here’s how you can check the allotment status.
Check Allotment Status on BSE Website Using PAN Number
1) Open the link -> BSE Allotment
2) Select Equity next to Issue Type.
3) Select IDEAFORGE TECHNOLOGY LIMITED next to Issue Name.
4) Enter your application number or PAN number.
5) Solve the captcha and tap Search.
Check Allotment Status on Link Intime
1) Go to Link Intime
2) Select Ideaforge Technology Limited – IPO.
3) Enter your PAN and tap Search.
You can even see the status using your Application Number or DP Client ID.
The refund initiation for the non-alloted members will be done on the 6th of July. Shares will be transferred to Demat on 7th.
ideaForge Technology is likely to list on 10th July 2023.
