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Economic Times Tech
Economic Times Tech
7/14/2026
Ideaforge raises Rs 500 crore via QIP to fund next phase of growth

Ideaforge raises Rs 500 crore via QIP to fund next phase of growth

Short summary

Ideaforge has raised Rs 500 crore through a Qualified Institutional Placement (QIP) to fund its next growth phase. The company allotted ~62.9 lakh equity shares at Rs 795 per share, a 4.89% discount to the SEBI-determined floor price. This capital will support the drone maker's expansion plans.

  • •Ideaforge raises Rs 500 crore via QIP
  • •Shares allotted at Rs 795 each, ~4.89% discount to floor price
  • •Funds earmarked for next phase of growth

Generated with AI, which can make mistakes.

#funding-acquisition
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