Forge Tech News Today

IdeaForge Technology IPO: The issue includes issuance of fresh equity shares worth Rs 240 crore and an offer for sale (OFS) of 4,869,712 equity shares amounting to Rs 326.44 crore by promoters and existing shareholders. Investors can make a bid of a minimum of 22 equity shares and its multiples thereafter.

IdeaForge Technology IPO: As per revised fixtures available on BSE, the initial share sale would now conclude on June 30, due to shifting of market holiday to June 29. The IPO received 23,38,24,382 today against the issue size of 46,48,870 shares. The company has announced to sell its shares in the fixed price band of Rs 638-672 apiece.

IdeaForge Technology IPO: Market participants said Fusion Micro Finance IPO's grey market premium (GMP) was last heard between Rs 540 and Rs 545. Considering the higher GMP of Rs 545, the grey market is expecting the drone maker to list around Rs 1,217 (Rs 672 + Rs 545), which is 81.10 per cent higher than the IPO's upper band price of Rs 672 per equity share.

Nifty futures on the Singapore Exchange traded 7.50 points, or 0.04 per cent, lower at 18,707.50, hinting at a flat start for the domestic market on Monday.

IdeaForge Technology IPO: The issue includes issuance of fresh equity shares worth Rs 240 crore and an offer for sale (OFS) of 4,869,712 equity shares amounting to Rs 326.44 crore by promoters and existing shareholders. Investors can make a bid of a minimum of 22 equity shares and its multiples thereafter.

The closing date for the offer would be June 29, while the anchor book will be launched for a day on June 23, 2023.