What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of ideaForge Technology Limited IPO?

ideaForge Technology Limited IPO has received a total subscription of 106.05 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

ideaForge Technology Limited

ListedMainboard

Industrial Goods & Services · NSE / BSE

ideaForge Technology Limited, incorporated in 2007, is a leading Indian manufacturer of Unmanned Aircraft Systems (UAS) with a market share of approximately 50% in fiscal 2022. The company has the largest operational deployment of indigenous UAVs in India, with an ideaForge-manufactured drone taking off every five minutes on average for surveillance and mapping. Globally, it is ranked 7th in the dual-use (civil and defense) drone manufacturing category, according to Drone Industry Insights’ December 2022 report.

Price Band

₹638 – ₹672

Issue Size

₹567 Cr

Lot Size

22 shares

GMP

₹610

+90.8%

Est. Listing

₹1282

at current GMP

Subscribed

106.05x

overall

Open

26 Jun 2023

30 Jun 2023

Allotment

5 Jul 2023

Refund

6 Jul 2023

Demat Credit

7 Jul 2023

Listing

7 Jul 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

106.05x

Total Demand

QIB Multiplier

125.81x

Institutions & Funds

NII / HNI

80.58x

High Net-Worth

Retail (RII)

85.16x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 106.05x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	2,528,596	318,111,376	125.81x
NIB	1,264,297	101,873,772	80.58x
HNIs(10L +)	842,864	69,107,412	81.99x
HNIs (2-10L)	421,433	32,766,360	77.75x
RETAIL	842,865	71,778,806	85.16x
EMPLOYEES	13,112	1,266,496	96.59x
Total	5,913,167	594,904,222	106.05x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 85.00x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	134,302	11,437,158	85.16x
HNIs (10L +)	859	69,218	80.58x
HNIs (2-10L)	4,111	331,264	80.58x
Total Applications	139,272	11,837,640	85.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About ideaForge Technology Limited Public Issue & Market Profile

ideaForge Technology Limited is bringing an initial public offering (IPO) in the Industrial Goods & Services sector with an aggregate issue size of ₹567.29 Crores. The shares are offered at a price band of ₹638 to ₹672 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2023-06-30, the basis of allotment is scheduled to be finalized on 2023-07-05. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is ideaForge Technology Limited IPO GMP today?

The latest Grey Market Premium (GMP) for ideaForge Technology Limited IPO is ₹610 per equity share. Based on the upper price band of ₹638 to ₹672 per equity share, the estimated listing price is ₹1282 (+90.8% expected listing gain).

What is the expected profit per lot for ideaForge Technology Limited IPO?

With a lot size of 22 shares and current GMP of ₹610, the expected profit per application lot is approx ₹13,420 (+90.8% gain). Minimum application cost is approx ₹14,784.

What is the issue size and price band for ideaForge Technology Limited IPO?

The ideaForge Technology Limited IPO aggregate issue size is ₹567.29 Crores with an equity price band set at ₹638 to ₹672 per equity share. The retail lot size is 22 shares requiring a minimum capital outlay of approx. ₹14,784.

How can I check ideaForge Technology Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 106.05x (Retail: 85.16x, QIB: 125.81x, NII: 80.58x). You can track live multiples directly on our dedicated subscription page.

Where and when will ideaForge Technology Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-07-05. Investors can verify status using PAN card or application number.

When is the listing date for ideaForge Technology Limited IPO?

ideaForge Technology Limited shares are scheduled to list on NSE and BSE on 2023-07-07.