Ideaforge QIP: Rs 500 crore raised at Rs 795 per share

Qip At DiscountMarquee Qip InvestorFund Raising View source PDF

IDEAFORGE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.6%1-day move

₹900.75

prior close

₹895.00

base price

After-mkt

timing

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AI summary

Ideaforge Technology allotted 62.9 lakh equity shares to qualified institutional buyers at Rs 795 per share via QIP, raising Rs 500 crore. Priced at a 4.89 percent discount to the floor price. Key investors include HDFC Mutual Fund (19 percent), Arohi Emerging India (15 percent), Bandhan funds combined (14 percent), and Franklin India Small Cap Fund (11 percent). Paid-up equity capital now stands at about 4.97 crore shares after the allotment.

Likely market impact

Raises Rs 500 crore but causes about 12.7 percent dilution for existing shareholders. Marquee institutional interest is a positive. Stock may see short-term pressure from dilution.