ideaForge is expected to announce its share allotment status today, July 5.The shares of ideaForge were subscribed by 106.06 times overall.The company’s shares
ideaForge Technology, whose Rs 567 crore IPO received a robust response from the investors during the bidding process, is expected to announce its allotment of shares on Wednesday, July 5, 2023. Watch this Visual story to check ideaForge GMP, how to check allotment status, and more.
According to IPO watch, shares of IdeaForge enjoyed a premium of Rs 450 in grey markets, implying a likely listing price of Rs 1,122 on the upper price band
The NII part was subscribed 1.89 times so far, while there were no bids from qualified institutional buyers. According to market sources, the company s shares are commanding a premium of Rs 525-530 in the unlisted market, indicating big listing gains for investors if the trends sustain.