ideaForge Technology Ltd. has announced public offering of 8441140 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 662.00 per share. The gross proceeds of the issue are expected to be Rs 56,724.46 lakhs.

The company's initial public offer (IPO) will open on 26 June 2023 and is expected to close on 29 June 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 638.00-672.00 per share.

The IPO includes a fresh Issue of 8441140 Equity Shares of the Company at an price of Rs 672.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 22 shares with bids in multiples of 22.

ideaForge Technology Ltd. anticipates using the proceeds of the issue for .

JM Financial Ltd.,IIFL Securities Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.