IdeaForge Technology IPO – Schedule *(TENTATIVE)*
??th June – Announcement of Price Band
??th June – Anchor Investors Allotment
??th June – Offer Opens
??th June – Offer Closes
??th June – Finalisation of Basis of Allotment
??th June – Unblocking of funds from ASBA Account
??th June – Credit of Equity Shares to Demat accounts
??th June – Commencement of Trading
IdeaForge Technology IPO – Issue Information *(TENTATIVE)*
Issue Opens on: ??th June 2023
Issue Closes on: ??th June 2023
Issue Type: Book Built Issue IPO
Issue Size: 9,57,08,984 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.570 – Rs.600 Share *(TENTATIVE)*
Discount: NIL
Market Lot: 25 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = ??? Shares
Fresh Issue of 50,00,000 Shares @600/- = Rs.300.00Crs
Offer for Sale of 4,869,712Shares @600/- = Rs.292.18Crs
Equity Shares outstanding after the Issue = ??? Shares
Category-wise Break up:
Anchor – 29,60,914 Shares = 177.65Crs
QIB – 19,73,942 Shares = 118.44Crs
B-NII (>10L) – 9,86,971 Shares = 59.22Crs (Lot size: 350 = 2,820 Forms)
S-NII (2L-10L) – 4,93,486 Shares = 29.61Crs (Lot size: 350 = 1,410 Forms)
RII (<2L) – 34,54,399 Shares = 207.26Crs (Lot size: 25 = 1,38,176 Forms)
Total Issue – 98,69,712 Shares = 592.18Crs.
IdeaForge Technology IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) DRHP = Red Herring Prospectus Dated February 10, 2023 (459 pages)
EPS for FY19-20 >>> Rs.(4.68) (Page #115 of DRHP)
EPS for FY20-21 >>> Rs.(5.03) (Page #115 of DRHP)
EPS for FY21-22 >>> Rs.13.84 (Page #115 of DRHP)
*EPS for 6M22-23 >>> Rs.12.49 (Page #115 of DRHP)*
RoNW for FY19-20 >>> (19.74)% (Page #116 of DRHP)
RoNW for FY20-21 >>> (24.48)% (Page #116 of DRHP)
RoNW for FY21-22 >>> 26.95% (Page #116 of DRHP)
*RoNW for 6M22-23 >>> 14.20% (Page #116 of DRHP)*
NAV as on 30th September 2022, was Rs.87.94 (Page #116 of DRHP)
Listed Industry Peer Group (Page #117 of DRHP): MTR Technologies, Data Patterns India, Astra Microwave Products
IdeaForge Technology IPO – *Required for 1X Subscription*:
Anchor = 177.65Crs
QIB = 118.44Crs
B-NII (>10L) Application = 2,820 Forms (for lotsize of 350)
S-NII (2L-10L) Application = 1,410 Forms (for lotsize of 350)
RII (<2L) Application = 1,38,176 Forms (for lotsize of 25)