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<ul><li><keyword id="203276" type="General" weightage="20" keywordseo="ideaforge" source="Orion">ideaForge</keyword> is expected to announce its share allotment status today, July 5.</li><li>The shares of ideaForge were subscribed by 106.06 times overall.</li><li>The company’s shares are expected to be listed on the stock exchanges on July 10.</li></ul> Mumbai-based ideaForge, one of the country’s leading drone makers, is expected to announce the allotment status of its initial public offering (IPO) today, that is July 5. The <keyword id="16473731" type="General" weightage="100" keywordseo="ideaforge-ipo" source="Orion">ideaForge IPO</keyword> opened on June 26 and closed on June 30. The price band for the IPO was ₹638 to ₹672 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the ideaForge IPO was subscribed 106.06 times, receiving bids for 49.30 crore equity shares against 46.49 lakh shares on offer. While the qualified institutional buyer portion was subscribed 125.81 times, the non-institutional investors portion was subscribed 80.58 times. The retail portion also witnessed good participation and was subscribed 85.20 times. The employee category was subscribed 96.65 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of ideaForge are currently commanding a grey market premium (GMP) of ₹550 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="17900083" type="General" weightage="20" keywordseo="ideaforge-ipo-allotment-status" source="Orion">ideaForge IPO allotment status</keyword>, visit the registrar’s website<a href="https://linkintime.co.in/IPO/public-issues.html"> here</a>.</li><li>Click on ‘Select Company’ and then select ‘ideaForge’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Now, enter the captcha.</li><li>Click on submit.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the ideaForge IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘ideaForge’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="ideaForge listing date" comment="subhead" text="ideaForge listing date">ideaForge listing date</cmsannotation> The shares of ideaForge will be listed on the stock exchanges on July 10. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/kia-seltos-facelift-2023-unveiled-with-adas-2-0-bookings-start-july-14/slidelist/101482186.cms">Kia Seltos facelift 2023 unveiled with ADAS 2.0 – bookings start July 14</a> <a href="https://www.businessinsider.in/tech/mobile/news/iqoo-neo-7-pro-smartphone-has-been-launched-in-india/articleshow/101486497.cms">iQOO Neo 7 Pro with 120W fast charging hits the Indian market</a> <a href="https://www.businessinsider.in/tech/mobile/news/motorola-razr-40-and-razr-40-ultra-flip-phones-sales-start-july-15/articleshow/101477662.cms">Motorola Razr 40 and Razr 40 Ultra flip phones: Sales start July 15 – all you need to know</a>

ideaForge IPO allotment – how to check allotment, GMP, listing date and more

<ul><li>The Qualified institutional buyer (QIBs) portion of the circuit board maker’s IPO was subscribed 90 times the shares on offer. </li><li>The retail portion of the issue was subscribed 49 times over. </li><li>The non-institutional investor portion was subscribed over 45 times. </li></ul>The public issue of circuit board maker Cyient DLM was subscribed 67 times the shares on offer on Friday, the last day of the issue. Qualified institutional buyers (QIBs) showed good interest on the third day, with this portion being subscribed 90 times. The retail portion saw bids amounting to 49 times the shares on offer, with similar interest from non institutional investors, as per data on BSE as of 5 pm. Two other IPOs were open for subscription on Friday. IdeaForge’s IPO was subscribed 106 times over the shares on offer, while PHK Ventures, which opened today, received very low response. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">90.44 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">45.05 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">49.19 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67.30 </td></tr></tbody></table>Source: BSE About the company The company manufactures printed circuit boards, cable harnesses, and box builds used in aviation and medical diagnostic sectors. The price band of the issue has been fixed at ₹250-265, and it plans to raise as much as ₹592 crore via the public issue. It has already raised ₹259 crore from 20 anchor investors like ICICI Prudential, HDFC MF, Tata Infrastructure Fund, Societe Generale, LIC MF and more. Its revenue went up by 15% in FY23 to ₹832 crore as compared to FY22. Net profit, however, fell by 20% to ₹31.7 crore for the period. The IPO is a complete offer for sale, and the company intends to use the net proceeds towards working capital, capex, debt repayment, and general corporate purposes Funded via IPO proceeds, acquisitions can bring its manufacturing operations closer to customers and increase wallet share, a critical monitorable, says Anand Rathi which gave a ‘subscribe’ rating on the IPO. The IPO has been commanding a grey market premium of ₹100, as per media reports. Grey market premium (GMP) is the premium at which an unlisted stock is traded in an unofficial market. SEE ALSO <a href="https://www.businessinsider.in/finance/news/almost-one-in-five-of-indias-future-unicorns-has-dropped-off-the-race-as-funding-winter-bites/articleshow/101313249.cms">Almost one in five of India’s future unicorns drop off the race as funding winter bites</a> <a href="https://www.businessinsider.in/stock-market/news/usha-martin-turns-multibagger-after-escaping-debt-trap/articleshow/101301290.cms">This multibagger is charting a growth path after escaping a debt trap</a>

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ideaForge IPO allotment – how to check allotment, GMP, listing date and more

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