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Open
26 Jun 2023
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Close
30 Jun 2023
3
Allotment
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Listing
Fri, Jul 7, 2023
Price Band
₹638 to ₹672
Issue Size
84,41,764 shares (agg. up to ₹567 Cr)
Lot Size
22 Shares
Listing Date
Fri, Jul 7, 2023
Latest GMP
₹525
Est. Gain
78.12%
✦ AI Insight
GMP Trend
07-07-2023₹525Est. ₹1197+78.12%
06-07-2023₹540Est. ₹1212+80.36%
05-07-2023₹520Est. ₹1192+77.38%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 58.23x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 487.93 | 222.33 | 123.74 | 79.79 |
| Total Income | 196.40 | 161.45 | 36.34 | 16.32 |
| Profit After Tax | 31.99 | 44.01 | -14.63 | -13.45 |
| NET Worth | 324.72 | 163.30 | 59.63 | 68.12 |
| Reserves and Surplus | 110.28 | 59.63 | 68.05 | |
| Total Borrowing | 86.50 | 5.68 | 50.57 | 5.30 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| DCX Systems Ltd. | Mainboard | ₹500.00 Cr | ₹207 | 90 | ₹308.80 | +49.18% | ₹174.09 |
| CFF Fluid Control Ltd. | SME | ₹85.80 Cr | ₹165 | 30.22 | ₹183.75 | +11.36% | ₹991.55 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment of certain indebtedness availed by our Company; | 50.00 |
| 2 | Funding working capital gap | 135.00 |
| 3 | Investment in product development; and | 40.00 |
| 4 | General corporate purposes | 0.16 |
About ideaForge Technology IPO
Updated on Aug 5, 2026
Contact Details
ideaForge Technology Ltd. AddressEL-146 TTC Industrial AreaElectronic Zone, MIDC MahapeNavi Mumbai, Maharashtra, 400710+91 84476 12778business@ideaforgetech.comVisit Website