Mumbai, July 11 -- Ideaforge Technology has allotted 62,89,308 equity shares to eligible qualified institutional buyers at the issue price of Rs795 per equity share, [(which includes a discount of Rs 40.86 per equity share (4.89% of the floor price, as determined in terms of the SEBI ICDR Regulations) to the floor price] i.e. at a premium of Rs 785 per equity share, aggregating to Rs 500 crore, pursuant to the QIP issue.

Post allotment of equity shares in the issue, the paid-up equity share capital of the company stands increased to Rs 496,855,970 consisting of 49,685,597 equity shares.

Published by HT Digital Content Services with permission from Capital Market....