31 Mar 2020
Assets79.79
Total Income16.32
Profit After Tax-13.45
NET Worth68.12
Reserves and Surplus68.05
Total Borrowing5.30
At a glance
Updated 2026-08-23The shares listed at ₹1,300.00, a 93.45% move from the issue price. ideaForge Technology is a Mainboard IPO with an issue size of ₹567.24 crore, proposed for listing on BSE, NSE. The offer opens on 26th Jun 2023 and closes on 30th Jun 2023. The issue structure includes a fresh issue of ₹240.02 crore and an offer-for-sale component of ₹327.22 crore. The current listing schedule points to 7th Jul 2023.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹567.24 Cr
Fresh issue₹240.02 Cr
Offer for sale₹327.22 Cr
Face value₹10
Price band₹638.00–₹672.00
Allotment5th Jul 2023
Listing7th Jul 2023
Listing performance
Full performance ↗Issue price₹672.00
Listing price₹1,300.00
Current price—
Listing gain93.45%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹525.00
GMP / upper price78.13%
Est. listing₹1,197.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens26th Jun 2023
Closes30th Jun 2023
Allotment5th Jul 2023
Refund6th Jul 2023
Demat7th Jul 2023
Listing7th Jul 2023
Subscription demand
Full bidding ↗Total106.06×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 22 | ₹14,784 |
Company
Incorporated2007
Use of proceeds
| Object | Amount |
|---|---|
| Repayment/prepayment of certain indebtedness availed by our Company; | ₹50.00 Cr |
| Funding working capital gap | ₹135.00 Cr |
| Investment in product development; and | ₹40.00 Cr |
| General corporate purposes | ₹0.16 Cr |
Financials
Full financials ↗31 Mar 2021
Assets123.74
Total Income36.34
Profit After Tax-14.63
NET Worth59.63
Reserves and Surplus59.63
Total Borrowing50.57
31 Mar 2022
Assets222.33
Total Income161.45
Profit After Tax44.01
NET Worth163.30
Reserves and Surplus110.28
Total Borrowing5.68
31 Mar 2023
Assets487.93
Total Income196.40
Profit After Tax31.99
NET Worth324.72
Total Borrowing86.50
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS8.12
Pre-IPO P/E87.5
Promoter holding pre32.94%
Promoter holding post29.35%
Market cap₹2800.20 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | ₹16.58 Cr |
| Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹0.99 Cr |
| Fees payable to the Registrar to the Offer | ₹0.54 Cr |
| Others including but not limited to: | — |
| (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; | ₹4.57 Cr |
| (ii) Printing and distribution of stationery; | ₹1.31 Cr |
| (iii) Advertising and marketing expenses; | ₹3.78 Cr |
| (iv) Fees payable to legal counsel; | ₹3.55 Cr |
| (v) Fees payable to B S R & Co. LLP in their capacity as Statutory Auditors in respect of the Restated Consolidated Financial Information and the statement of possible special tax benefits and the certificates issued by them; | ₹2.39 Cr |
| (vi) Fees payable to Ramanand & Associates in their capacity as Independent Chartered Accountant to our Company in respect of various certifications issued by them; | ₹0.12 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- JM Financial Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.