Ideaforge Technology Limited has announced the approval of a Qualified Institutions Placement (QIP) by its Fund Raising Committee. The committee, in its meeting held on July 7, 2026, approved the opening of the issue on the same day. The floor price for the placement has been set at ₹835.86 per equity share, calculated as per the SEBI ICDR Regulations. This decision follows a special resolution passed by the company's shareholders through a postal ballot on July 4, 2026. The 'relevant date' for the issue has been fixed as July 7, 2026. The company may offer a discount of up to 5% on the floor price, with the final issue price to be determined in consultation with the book running lead managers. A preliminary placement document dated July 7, 2026, has also been approved and is available on the company's website. The meeting of the Fund Raising Committee commenced at 7:00 PM and concluded at 7:20 PM on July 7, 2026.
