ideaForge Technology IPO: Here’s How To Check Allotment Status Online, Listing On 10 July

ideaForge Technology’s initial public offering (IPO) worth Rs 567 crore received a strong response from the investors during the bidding process. The company is expected to announce its allotment of shares on 5 July 2023.

The public issue of drone maker was open for subscription between 26-30 June in the price range of Rs 638-672 per share. The IPO was overall subscribed 106.06 times. Last head, it was commanding a premium of Rs 510 in the grey market. 

The portion booked for qualified institutional bidders (QIBs) was subscribed 125.81 times and the quota for non-institutional bidders (NIIs) was booked 80.58 times. The portion of retail investors was subscribed 85.20 times and the employees' quota 96.65 times. ideaForge IPO listing date is 10th July 2023. 

Investors can check the allotment status on the Bombay Stock Exchange (BSE) website: 

1) Login to BSE link -  https://www.bseindia.com/investors/appli_check.aspx

2) Under the issue type, select Equity

3) Click on ideaForge Technology Limited in the issue name dialogue box

4) Enter the application number

5) Add your PAN Card details

6) Click on I’m not a robot

7) Hit the ‘Submit’ button

You will get the details of your ideaForge Technology IPO allotment status

ideaForge Technology IPO allotment status can also be checked on the online portal of Link Intime Private Limited:

1) Login at Link Intime Website – linkintime.co.in/MIPO/Ipoallotment.html

2) Select ideaForge Technology IPO

3) Select either of the three modes – Application number, Demat Account number, or PAN Card

4) Select the application type

5) Add details of the mode you selected in Step 3

6) Complete the captcha accurately

7) Click submit 

Incorporated in 2007, the Mumbai-based ideaForge Technology has the largest operational deployment of indigenous Unmanned Aerial Vehicles (UAVs) across India. The company has been backed by several marquee ventures and private equity investors, including Qualcomm, Asia, Infosys and Celesta Capital. The drone manufacturer’s clients include the armed forces, central armed police forces, state police departments, disaster management forces, forest departments and civil customers.