Registered Office:
EL-146 TTC Industrial Area,Electronic Zone MIDC Mahape,
Thane - 400710,
Maharashtra, India.
Phone : 91-22-67875000
Fax : NA
Initial public offering of 8,441,764 equity shares of face value of (₹) 10 each ("Equity Shares") of Ideaforge Technology Limited (The "Company" or the "Issuer") for cash at a price of (₹) 672 per equity share including a share premium of (₹) 662 per equity share (the "Offer Price") aggregating to
(₹) 567.25 crores (the "Offer"). The offer comprises of a fresh issue of 3,572,052 equity shares by the company aggregating to (₹) 240.00 crores (the "Fresh Issue") and an offer for sale of 4,869,712 equity shares (the "Offered Shares") aggregating to (₹) 327.25 crores (the "Offer for Sale"), comprising of 158,200 equity shares aggregating to (₹) 10.63 crores by Ashish Bhat ("Promoter Selling Shareholder"), 8,362 equity shares aggregating to (₹) 0.56 crores by Amarpreet Singh, 22,600 equity shares aggregating to (₹) 1.52 crores by Nambirajan Seshadri, 22,600 equity shares aggregating to (₹) 1.52 crores by Naresh Malhotra, 203,400 equity shares aggregating to (₹) 13.67 crores by Sujata Vemuri, 51,980 equity shares aggregating to (₹) 3.49 crores by Sundararajan K Pandalgudi, (the "Individual Selling Shareholders"), 135,600 equity shares aggregating to
(₹) 9.11 crores by A&E Investment llc, 53,200 equity shares aggregating to
(₹) 3.58 crores by Agarwal Trademart Private Limited, 1,106,722 equity shares aggregating to (₹) 74.37 crores by Celesta Capital ii Mauritius, 131,758 equity shares aggregating to (₹) 8.85 crores by Celesta Capital ii-b Mauritius, 202,044 equity shares aggregating to (₹) 13.58 crores by Export and Import Bank of India, 1,695,000 equity shares aggregating to (₹) 113.90 crores by Indusage Technology Venture Fund i, 1,055,646 equity shares aggregating to (₹) 70.94 crores by Qualcomm Asia Pacific Pte. Ltd. And 22,600 equity shares aggregating to (₹) 1.52 crores by Society for Innovation and Entrepreneurship (collectively referred to as the "Corporate Selling Shareholders" and together with the promoter selling shareholder and the individual selling shareholders, referred to as the "Selling Shareholders").
The offer included a reservation of 13,112 equity shares, aggregating to
(₹) 0.84 crores (constituting 0.03% of the post offer paid-up equity share capital of the company, for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitute 20.26% and 20.23%, respectively, of the post-offer paid-up equity share capital of the company. The company, indusage and celesta capital, in consultation with the book running lead managers ("brlms"), offered a discount of 4.76% on the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount").
The company, in consultation with the book running lead managers, has undertaken a pre-ipo placement of 892,857 equity shares aggregating to
(₹) 60.00 crores. The size of the fresh issue of (₹) 300.00 crores was reduced by (₹) 60.00 crores pursuant to the pre-ipo placement and accordingly, the size of the fresh issue is (₹) 240.00 crores.
Opens On
Closes On
Application
Allotment
26-Jun-23
30-Jun-23
672.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
22
Further Multiples of :
22
(Rs.Cr)
Lead Managers to the Issue
Project Cost
225.16
IIFL Securities Ltd