June 26, 2023 - June 30, 2023

ideaForge Technology IPO Subscription Details

IPO Detail

ideaForge Technology IPO Anchor Investor Allocation

A total of 37,92,894 shares at a price of Rs 672 per share will be allotted to the anchor investors.

Anchor investors bid opening date	Jun 23, 2023
Anchor investor price	Rs.672.00
Anchor investors as % of QIBs	60.00%
No. of shares locked-in for 30 days	18,96,447
No. of shares locked-in for 90 days	18,96,447

S.No.	Anchor Investor	No. of Shares Allotted	Amount (Rs.cr.)	% Allotment within Anchor Investor Portion	% Allotment of Issue
1	360 ONE SPECIAL OPPORTUNITIES FUND-SERIES X	1,78,464	11.99	4.71	2.11
2	ADITYA BIRLA SUN LIFE MUTUAL FUND	1,78,464	11.99	4.71	2.11
2A.	ADITYA BIRLA SUN LIFE INFRASTRUCTURE FUND	71,390	4.80	1.88	0.85
2B.	ADITYA BIRLA SUN LIFE SMALL CAP FUND	1,07,074	7.20	2.82	1.27

3	ASHOKA INDIA EQUITY INVESTMENT TRUST PLC	1,78,464	11.99	4.71	2.11
4	AXIS MUTUAL FUND	1,78,464	11.99	4.71	2.11
4A.	AXIS EQUITY SAVINGS FUND	59,488	4.00	1.57	0.70
4B.	AXIS INNOVATION FUND	59,488	4.00	1.57	0.70
4C.	AXIS RETIREMENT FUND-AGGRESSIVE PLAN	59,488	4.00	1.57	0.70

5	BNP PARIBAS ARBITRAGE-ODI	1,78,464	11.99	4.71	2.11
6	GOLDMAN SACHS FUNDS-GOLDMAN SACHS INDIA EQUITY PORTFOLIO	1,78,464	11.99	4.71	2.11
7	HDFC MUTUAL FUND	1,78,464	11.99	4.71	2.11
8	HOSTPLUS POOLED SUPERANNUATION TRUST NEUBERGER AUSTRALIA PTY.LTD.	1,78,464	11.99	4.71	2.11
9	HSBC MUTUAL FUND	1,78,464	11.99	4.71	2.11
9A.	HSBC INFRASTRUCTURE FUND	74,294	4.99	1.96	0.88
9B.	HSBC LARGE & MID CAP FUND	1,04,170	7.00	2.75	1.23

10	ICICI PRUDENTIAL MUTUAL FUND	1,78,464	11.99	4.71	2.11
10A.	ICICI PRUDENTIAL RETIREMENT FUND-HYBRID AGGRESSIVE PLAN	56,276	3.78	1.48	0.67
10B.	ICICI PRUDENTIAL RETIREMENT FUND-PURE EQUITY PLAN	1,22,188	8.21	3.22	1.45

11	KOTAK MAHINDRA MUTUAL FUND	1,78,464	11.99	4.71	2.11
11A.	KOTAK ELSS TAX SAVER FUND	89,232	6.00	2.35	1.06
11B.	KOTAK MULTICAP FUND	89,232	6.00	2.35	1.06

12	MIRAE ASSET MUTUAL FUND	1,78,464	11.99	4.71	2.11
13	MOTILAL OSWAL MUTUAL FUND	1,78,464	11.99	4.71	2.11
14	NIPPON INDIA MUTUAL FUND	1,78,464	11.99	4.71	2.11
15	NOMURA FUNDS IRELAND PLC-NOMURA FUNDS IRELAND-INDIA EQUITY FUND	1,78,464	11.99	4.71	2.11
16	TATA AIG GENERAL INSURANCE CO.LTD.	1,78,464	11.99	4.71	2.11
17	BANDHAN MUTUAL FUND	1,04,164	7.00	2.75	1.23
18	CARMIGNAC PORTFOLIO	1,04,163	7.00	2.75	1.23
19	INVESCO MUTUAL FUND	1,04,164	7.00	2.75	1.23
20	MAX LIFE INSURANCE CO.LTD.-ULIF 02201/01/20 LIFEDIVEQF 104-DIVERSIFIED EQUITY FUND	1,04,163	7.00	2.75	1.23
21	OPTIMIX WHOLESALE GLOBAL EMERGING MARKETS SHARE TRUST	1,04,163	7.00	2.75	1.23
22	PINEBRIDGE GLOBAL FUNDS-PINEBRIDGE INDIA EQUITY FUND	1,04,163	7.00	2.75	1.23
23	PRUDENTIAL ASSURANCE CO.LTD.,THE	1,04,163	7.00	2.75	1.23
24	QUANT MUTUAL FUND	1,04,164	7.00	2.75	1.23
25	TATA AIA LIFE INSURANCE CO.LTD.-EMERGING OPPORTUNITIES FUND-ULIF 064 12/09/22 EOF 110	1,04,163	7.00	2.75	1.23
		37,92,894	254.88	100	44.93

ideaForge Technology IPO Mutual Fund Scheme Allocation

Out of a total of 3,792,888 shares allotted to Anchor Investors, 1,918,662 shares will be allotted to 18 mutual funds through 18 schemes.

S.No.	Mutual Fund Scheme	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	icici prudential retirement fund - hybrid aggressive plan	56,276	672	1.48	37,817,472
2	icici prudential retirement fund - pure equity plan	122,188	672	3.22	82,110,336
3	invesco india smallcap fund	104,164	672	2.75	69,998,208
4	hsbc large & mid cap fund	104,164	672	2.75	69,998,208
5	axis mutual fund trustee ltd a/c axis mutual fund a/c axis retirement savings fund - aggressive plan	59,488	672	1.57	39,975,936
6	hsbc infrastructure fund	74,294	672	1.96	49,925,568
7	axis mutual fund trustee ltd a/c axis mutual fund a/c axis special situations fund	59,488	672	1.57	39,975,936
8	mirae asset focused fund	178,464	672	4.71	119,927,808
9	bandhan large cap fund	104,164	672	2.75	69,998,208
10	hdfc mutual fund - hdfc defence fund	178,464	672	4.71	119,927,808
11	motilal oswal midcap fund	178,464	672	4.71	119,927,808
12	nippon life india trustee ltd - a/c nippon india flexi cap fund	178,464	672	4.71	119,927,808
13	aditya birla sun life trustee pvt lts a/c aditya birla sun life small cap fund	107,074	672	2.82	71,953,728
14	aditya birla sun life trustee private limited a/c aditya birla sun life infrastructure fund	71,390	672	1.88	47,974,080
15	axis mutual fund trustee ltd a/c axis mutual fund a/c axis equity saver fund	59,488	672	1.57	39,975,936
16	kotak tax saver scheme	89,232	672	2.35	59,963,904
17	kotak mahindra trustee co. ltd. a/c kotak multicap fund	89,232	672	2.35	59,963,904
18	quant mutual fund - quant dynamic asset allocation fund	104,164	672	2.75	69,998,208
		1,918,662		51	1,289,340,864

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors (NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors (RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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ideaForge Technology IPO Subscription FAQs

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