What is the floor price for IdeaForge's QIP?

The floor price is ₹835.86 per share, with a possible discount of up to 5% allowed. The final price will be determined in consultation with book-running lead managers.

How much money is IdeaForge looking to raise?

The company has not disclosed the total number of shares or gross proceeds. The market awaits clarity on the size of the QIP.

What could the dilution impact be?

Without knowing the issue size, exact dilution cannot be calculated. However, given IdeaForge's market cap of ₹3,579 cr, even a modest QIP could meaningfully increase the share count.

Who approved the QIP?

Shareholders authorized the fundraising through a special resolution passed via postal ballot on July 4, and the Fund Raising Committee approved the launch on July 7.

What is IdeaForge's latest financial performance?

In the latest reported quarter (Mar 2026), IdeaForge posted sales of ₹141 cr and net profit of ₹60 cr. Trailing revenue growth is 594.5% on a small base.

Does this QIP follow any prior fundraising?

This is a fresh placement. The company has a debt/equity ratio of 0.00, so the QIP would be the first major equity raise in recent times.

Engineering - Industrial Equipments · Small cap

IdeaForge launches QIP, sets floor price at ₹835.86

The drone maker opens a qualified institutions placement with a 5% discount window; final price and total size still to be decided.

— 1 earlier story on Ideaforge Technology Ltd. →

IDEAFORGE By Tipsheet Editorial 7 Jul 2026 · 8:21 PM IST Verify on BSE · NSE

Mkt cap₹3,579 cr

ROE0.00%

Debt / eq.0.00

₹835.86 / share Floor price for the QIP, with up to 5% discount allowed.

What's new

IdeaForge opened its QIP on Tuesday, setting a floor price of ₹835.86 per share.
A discount of up to 5% on the floor price may be offered; final price to be set with book runners.
The total number of shares and gross proceeds have not been disclosed yet.

Why this matters

For a small-cap company with a ₹3,579 cr market cap, any equity dilution is material. Without a disclosed size, investors can't gauge the full impact on share count or capital structure. The floor price discounts could also weigh on near-term sentiment.

What we're watching

Final issue price and any discount applied.
Total number of shares and gross proceeds of the QIP.
Utilisation plans for the raised funds.

The full read

A QIP is open. IdeaForge Technology set a floor price of ₹835.86 per share, allowed a discount of up to 5%, and kept the size to itself. No number of shares, no gross proceeds — the most material detail is missing. For a small-cap with a market cap of ₹3,579 cr, any dilution matters. The latest quarter showed ₹141 cr in sales and ₹60 cr in net profit, on a small base that has grown fast. But without the quantum, this is a capital-structure placeholder. The utilisation plan, when it comes, will tell the real story.

Questions answered

What is the floor price for IdeaForge's QIP?: The floor price is ₹835.86 per share, with a possible discount of up to 5% allowed. The final price will be determined in consultation with book-running lead managers.
How much money is IdeaForge looking to raise?: The company has not disclosed the total number of shares or gross proceeds. The market awaits clarity on the size of the QIP.
What could the dilution impact be?: Without knowing the issue size, exact dilution cannot be calculated. However, given IdeaForge's market cap of ₹3,579 cr, even a modest QIP could meaningfully increase the share count.
Who approved the QIP?: Shareholders authorized the fundraising through a special resolution passed via postal ballot on July 4, and the Fund Raising Committee approved the launch on July 7.
What is IdeaForge's latest financial performance?: In the latest reported quarter (Mar 2026), IdeaForge posted sales of ₹141 cr and net profit of ₹60 cr. Trailing revenue growth is 594.5% on a small base.
Does this QIP follow any prior fundraising?: This is a fresh placement. The company has a debt/equity ratio of 0.00, so the QIP would be the first major equity raise in recent times.

Mentioned: ₹835.86 floor price · 5% discount window · Fund Raising Committee

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Ideaforge Technology Ltd.

Engineering & Capital Goods

₹3,637 cr

Latest quarter · Mar 2026

Sales₹141 cr

Net profit₹60 cr

Op. margin+43.8%

EPS₹13.86

Strength & growth

Debt / equity0.00×

Current ratio8.63×

Story so far

All notes on IDEAFORGE →

7 Jul 2026 · 8:21 PM IST IdeaForge launches QIP, sets floor price at ₹835.86
35d ago IdeaForge gets a second credit rating. It changes little.