Introduction
ideaForge Technology, a prominent drone maker, recently concluded its highly anticipated initial public offering (IPO) with overwhelming demand from investors. The company has announced that the allotment of IPO shares will be finalized on July 5, 2023. This article aims to guide investors on how to check the ideaForge Technology IPO allotment status online.
Robust Demand for ideaForge Technology IPO
The ideaForge Technology IPO, valued at ₹567 crore, witnessed tremendous response across all investor categories. The subscription period, which ran from June 26 to June 30, received bids for a staggering 106.06 times the shares on offer. The retail category saw a subscription of 85.20 times, while Qualified Institutional Buyers' (QIB) category was oversubscribed by an impressive 125.81 times. Non-Institutional Investors (NII) portion recorded a subscription of 80.58 times by June 30, 2023.
Allotment and Listing Dates
The ideaForge IPO allotment date is expected to take place on Wednesday, July 5, 2023. The IPO listing date is scheduled for July 10, 2023, when the shares will be available for trading on the stock exchanges.
Checking ideaForge Technology IPO Allotment Status
Investors can conveniently check their allotment status for the ideaForge Technology IPO online. There are two primary methods to do so:
Method 1: Checking Allotment Status on BSE Website
1. Visit the BSE website at https://www.bseindia.com/investors/appli_check.aspx.
2. Select 'Equity' in the issue type.
3. Choose 'ideaForge Technology' from the list of available issues.
4. Enter your Application Number or PAN (Permanent Account Number).
5. Complete the security verification process by clicking on the 'I'm not a robot' checkbox.
6. Click the 'Search' button.
Your ideaForge Technology IPO allotment status will be displayed on the screen.
Method 2: Checking Allotment Status on the Registrar's Website
1. Visit the website of the registrar to the issue, Link Intime, at https://linkintime.co.in/mipo/ipoallotment.html.
2. Select 'ideaForge Technology' from the dropdown menu.
3. Choose one of the following options: Application Number, PAN, or DP Client ID.
4. Click the 'Search' button.
The ideaForge Technology IPO allotment status will be visible on the webpage.
Conclusion
Investors who participated in the ideaForge Technology IPO can easily check their allotment status online. The BSE website and the registrar's website, Link Intime, provide simple and user-friendly platforms to access the allotment information. By following the steps outlined in this article, investors can stay updated on their ideaForge Technology IPO allotment status.
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