ideaForge Technology IPO Subscription Status
ideaForge Technology IPO was subscribed 106.06 times when bidding closed on 30 Jun 2023: QIB 125.81x, NII 80.58x, Retail 85.2x.
The ideaForge Technology IPO has been subscribed 106.06x times overall. Retail investors have shown interest with bids for 85.2x the shares available. The Non-Institutional Investor (NII) category has been subscribed 80.58x. Within NII, Big HNI (B-HNI) subscribed 81.99x and Small HNI (S-HNI) subscribed 77.77x. Qualified Institutional Buyers (QIBs) have subscribed 125.81x. Data last updated on 10 Nov, 11:52 AM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 26 Jun, 2023 and closes on 30 Jun, 2023. The shares are expected to list on stock exchanges on 07 Jul, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 125.81x |
| NII | - of - - | 80.58x |
bHNI — bid amount above ₹10 Lakh |
- - | 81.99 |
sHNI — bid amount ₹2–10 Lakh |
- - | 77.77 |
| Retail | - of - - | 85.2x |
| Employee | - of - - | 96.65x |
| TOTAL | - - | 106.06x |
ideaForge Technology IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 86 applicants will be successful.
Market Sentiment
Strong grey market premium of 77% suggests exceptional listing gains and high bullish sentiment among traders.
Institutional Backing
Massive institutional interest with QIBs subscribing 125.81x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 4-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
30 Jun 2023
Day 4 |
106.06x | ▼ | |
|
QIB125.81x
BHNI81.99x
SHNI77.77x
Retail85.2x
Employee96.65x
|
|||
|
28 Jun 2023
Day 3 |
50.3x | ▼ | |
|
QIB38.62x
BHNI65.87x
SHNI60.43x
Retail64.84x
Employee63.99x
|
|||
|
27 Jun 2023
Day 2 |
13.27x | ▼ | |
|
QIB1.34x
BHNI18.63x
SHNI27.5x
Retail36.36x
Employee26.26x
|
|||
|
26 Jun 2023
Day 1 |
3.69x | ▼ | |
|
QIB0.01x
BHNI4.18x
SHNI7.03x
Retail12.48x
Employee8.47x
|
|||
ideaForge Technology IPO dates
From the bidding window to listing. Today is 14 November.
- Open 26 Jun 2023
- Close 30 Jun 2023
- Allotment 05 Jul 2023
- Refund/credit 06 Jul 2023
- Listing 07 Jul 2023
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of ideaForge Technology IPO?
As of IPO close date (30 Jun, 2023), the ideaForge Technology IPO is subscribed 106.06x times. Retail category is 85.2x, and NII is 80.58x subscribed.
When is the allotment date for ideaForge Technology IPO?
The allotment for ideaForge Technology IPO is expected to be finalized on 05 July, 2023.
What is the GMP of ideaForge Technology?
The Grey Market Premium (GMP) for ideaForge Technology is currently ₹520, indicating a potential listing gain of 77%.
When will ideaForge Technology IPO list on the stock market?
ideaForge Technology is scheduled to list on BSE and NSE on 07 July, 2023.
What are the chances of getting allotment in ideaForge Technology IPO?
The retail category is oversubscribed at 85.2x, meaning allotment is by lottery. Statistically, approximately 1 in 86 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 125.81x mean for ideaForge Technology IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 125.81x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check ideaForge Technology IPO allotment status?
After the allotment date (05 Jul, 2023), you can check your ideaForge Technology IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore ideaForge Technology IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
