June 26, 2023 - June 30, 2023

ideaForge Technology IPO Subscription Details

ideaForge Technology IPO Subscription Status Live

ideaForge Technology IPO subscribed 106.06 times. The public issue subscribed 85.20 times in the retail category, 125.81 times in QIB, and 80.58 times in the NII category by June 30, 2023 (Day 4).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	125.81	2,528,596	31,81,11,376	21,377.08
Non-Institutional Buyers	80.58	1,264,297	10,18,81,384	6,846.43
bNII (bids above ₹10L)	81.99	842,864	6,91,07,412	4,644.02
sNII (bids below ₹10L)	77.77	421,433	3,27,73,972	2,202.41
Retail Investors	85.20	842,865	7,18,15,238	4,825.98
Employees	96.65	13,112	12,67,332	85.16
Others	[.]	0	0	0
Total	106.06	4,648,870	49,30,75,330	33,134.66

Total Application : 2,509,004 (65.49 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

ideaForge Technology IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 June 26, 2023	0.01	5.16	12.70	8.53	3.74
Day 2 June 27, 2023	1.34	21.64	36.79	26.65	13.36
Day 3 June 28, 2023	38.62	64.10	64.88	64.84	50.38
Day 4 June 30, 2023	125.81	80.58	85.20	96.65	106.06

ideaForge Technology IPO Shares Offered

ideaForge Technology IPO is a public issue of 4,648,870 equity shares. The issue offers 842,865 shares to retail investors, 2,528,596 shares to qualified institutional buyers, and 1,264,297 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	2,528,596	169.92	54.39%
NII	1,264,297	84.96	27.20%
bNII (bids above ₹10L)	842,864	56.64	18.13%
sNII (bids below ₹10L)	421,433	28.32	9.07%
Retail	842,865	56.64	18.13%
Employee	13,112	0.88	0.28%
Total	4,648,870	312.40	100%

ideaForge Technology IPO Anchor Investor Allocation

A total of 3,792,888 shares at a price of Rs 672 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
24	Goldman Sachs Funds - Goldman Sachs India Equity Portfolio	178,464	672	4.71	119,927,808
1	Pinebridge Global Funds - Pinebridge India Equity Funds	104,163	672	2.75	69,997,536
2	Nomura Funds Ireland Public Ltd Company Nomura Funds Ireland - India Equity Fund	178,464	672	4.71	119,927,808
3	Tata AIG General Insurance Company Ltd.	178,464	672	4.71	119,927,808
4	Ashoka India Equity Investment Trust PLC	178,464	672	4.71	119,927,808
5	ICICI Prudential Retirement Fund - Hybrid Aggressive Plan	56,276	672	1.48	37,817,472
6	ICICI Prudential Retirement Fund - Pure Equity Plan	122,188	672	3.22	82,110,336
7	Invesco India Smallcap Fund	104,164	672	2.75	69,998,208
8	HSBC Large & Mid Cap Fund	104,164	672	2.75	69,998,208
9	HSBC Infrastructure Fund	74,294	672	1.96	49,925,568
10	Axis Mutual Fund Trustee Ltd A/C Axis Mutual Fund A/C Axis Retirement Savings Fund - Aggressive Plan	59,488	672	1.57	39,975,936
11	Axis Mutual Fund Trustee Ltd A/C Axis Mutual Fund A/C Axis Equity SaverFund	59,488	672	1.57	39,975,936
12	Axis Mutual Fund Trustee Ltd A/C Axis Mutual Fund A/C Axis Special Situations Fund	59,488	672	1.57	39,975,936
13	Mirae Asset Focused Fund	178,464	672	4.71	119,927,808
14	Bandhan Large Cap Fund	104,164	672	2.75	69,998,208
16	HDFC Mutual Fund - HDFC Defence Fund	178,464	672	4.71	119,927,808
19	Nippon Life India Trustee Ltd - A/C Nippon India Small Cap Fund	178,464	672	4.71	119,927,808
20	Aditya Birla Sun Life Trustee Pvt Lts A/C Aditya Birla Sun LifeSmall Cap Fund	107,074	672	2.82	71,953,728
21	Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Infrastructure Fund	71,390	672	1.88	47,974,080
28	Catamaran Ekam	104,163	672	2.75	69,997,536
17	BNP Paribas Arbitrage - Odi	178,464	672	4.71	119,927,808
15	Tata AIA Life Insurance Co. Ltd. A/C Emerging Opportunities Fund	104,163	672	2.75	69,997,536
18	Motilal Oswal Midcap Fund	178,464	672	4.71	119,927,808
31	360 One Special Opportunities Fund	178,464	672	4.71	119,927,808
22	Kotak Tax Saver Scheme	89,232	672	2.35	59,963,904
23	Kotak Mahindra Trustee Co. Ltd. A/C Kotak Multicap Fund	89,232	672	2.35	59,963,904
25	Hostplus Pooled Superannuation Trust Neuberger Australia Pty Ltd.	178,464	672	4.71	119,927,808
26	Quant Mutual Fund - Quant Dynamic Asset Allocation Fund	104,164	672	2.75	69,998,208
27	Max Life Insurance Co Ltd A/C Diversified Equity Fund	104,163	672	2.75	69,997,536
29	Optimix Wholesale Global Emerging Markets Share Trust	104,163	672	2.75	69,997,536
30	The Prudential Assurance Co. Ltd.	104,163	672	2.75	69,997,536
		3,792,888		100	2,548,820,736

ideaForge Technology IPO Mutual Fund Scheme Allocation

Out of a total of 3,792,888 shares allotted to Anchor Investors, 1,918,662 shares will be allotted to 18 mutual funds through 18 schemes.

S.No.	Mutual Fund Scheme	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	icici prudential retirement fund - hybrid aggressive plan	56,276	672	1.48	37,817,472
2	icici prudential retirement fund - pure equity plan	122,188	672	3.22	82,110,336
3	invesco india smallcap fund	104,164	672	2.75	69,998,208
4	hsbc large & mid cap fund	104,164	672	2.75	69,998,208
5	axis mutual fund trustee ltd a/c axis mutual fund a/c axis retirement savings fund - aggressive plan	59,488	672	1.57	39,975,936
6	hsbc infrastructure fund	74,294	672	1.96	49,925,568
7	axis mutual fund trustee ltd a/c axis mutual fund a/c axis special situations fund	59,488	672	1.57	39,975,936
8	mirae asset focused fund	178,464	672	4.71	119,927,808
9	bandhan large cap fund	104,164	672	2.75	69,998,208
10	hdfc mutual fund - hdfc defence fund	178,464	672	4.71	119,927,808
11	motilal oswal midcap fund	178,464	672	4.71	119,927,808
12	nippon life india trustee ltd - a/c nippon india flexi cap fund	178,464	672	4.71	119,927,808
13	aditya birla sun life trustee pvt lts a/c aditya birla sun life small cap fund	107,074	672	2.82	71,953,728
14	aditya birla sun life trustee private limited a/c aditya birla sun life infrastructure fund	71,390	672	1.88	47,974,080
15	axis mutual fund trustee ltd a/c axis mutual fund a/c axis equity saver fund	59,488	672	1.57	39,975,936
16	kotak tax saver scheme	89,232	672	2.35	59,963,904
17	kotak mahindra trustee co. ltd. a/c kotak multicap fund	89,232	672	2.35	59,963,904
18	quant mutual fund - quant dynamic asset allocation fund	104,164	672	2.75	69,998,208
		1,918,662		51	1,289,340,864

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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ideaForge Technology IPO Subscription FAQs

The ideaForge Technology IPO is subscribed 106.06 by June 30, 2023.