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CA Barkha Kamra

11th Jul · SEBI-Registered Analyst

Idea Forge Technology - QIP

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IDEAFORGE
Technology raises ~₹500 crore through a Qualified Institutional Placement (QIP), allotting 62.89 lakh equity shares at ₹795/share, a 4.89% discount to the floor price. * The fundraise is expected to strengthen the company’s balance sheet and provide capital to support growth initiatives, including expansion, R&D, and working capital requirements.

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