Mumbai, July 8: Investors in India on Wednesday will be tracking ideaForge Technology shares as the drone manufacturer launched a qualified institutional placement to raise Rs 500 crore. 3i Infotech stocks will be under spotlight after it received order from Vedant consultancy. Adani Enterprise shares will be tracked as its QIP was fully subscribed. Read on to know more.
ideaForge Technology (IDEAFORGE) QIP: IdeaForge to Raise Rs 500 crore
Drone manufacturer ideaForge Technology (IDEAFORGE) has today launched a qualified institutional placement to raise Rs 500 crore, it said in an exchange filing. The indicative price has been set at Rs 795 per equity share, at a discount of 5.4% to its NSE closing price on July 7. The allotment is expected to be finalized by the QIP committee after the issue closes. IdeaForge plans to use the funds for “strengthening the balance sheet of the company, meeting its working capital requirements and support further expansion of its unmanned aerial systems business”, among other things, as it looks to significantly scale up production capacity in the current financial year. Investors will watch for reactions to the pricing as well as the degree of dilution resulting from the fresh issuance, while also focusing on the list of anchor investors once it is disclosed.
3i Infotech (3IINFOTECH) Order from Vedant Consultancy
IT consulting services provider 3i Infotech said late Tuesday that its wholly-owned subsidiary 3i Infotech Software Solutions LLC has bagged an order worth AED 17.65 million from Vedant Consultancy FZ LLC. Based in the UAE, Vedant has engaged 3i Infotech for IT consulting services related to robotic process automation, artificial intelligence, machine learning and robotics. The order has a tenure of 12 months from May 1, 2026 to April 30, 20 27. This comes as 3i Infotech continues to garner projects in the Gulf, where it has been ramping up operations in recent quarters. Management had previously told that the UAE is one of the primary markets driving growth for the company’ offshore IT services business, with demand for automation-led and AI-infused consulting services picking up in the region.
Capital Small Finance Bank (CAPITALSFB) Stake Sale by Amicus Capital
In a bulk deal, Lyptus Punch-Card Fund managed by Westbourne Investment Managers LLP has bought 8.33 lakh shares or 1.83% of Capital Small Finance Bank from Amicus Capital Private Equity I LLP for Rs 25 crore. Post transaction, equity held by Lyptus Punch-Card Fund stood at 3% of the bank as of June 2026. Amicus Capital Private Equity I LLP’ stake reduced to 2.85% after the deal. Amicus had invested in Capital Small Finance Bank at the time of its Series C funding round in January 2021.
Adani Enterprises (ADANIENT) QIP Fully Subscribed
Adani Enterprises today announced that the QIP it had opened on June 29 was closed on July 7 with the allotment of 5.2 crore equity shares worth Rs 15,000 crore at a price of Rs 2,883 per share. The deal, one of the largest QIPs by an Indian corporate this year, will help bolster the balance sheet of the Adani Group flagship as it expands across its core infrastructure and energy businesses as well as newer areas such as airports, data centres and green hydrogen. Analysts and investors will keep a watch on the stock to see if there is any supply- related pressure after such a large allotment of shares. They will also seek details on the institutional investors that picked up shares in the QIP.
Uno Minda (UNOMINDA) Steps into Passenger Vehicle Seating Business
Auto component manufacturer Uno Minda has stepped into the passenger vehicle seating systems business for four-wheelers. In a move to produce products for this segment, Uno Minda will invest around Rs 320 crore in a greenfield facility in Chhatrapati Sambhajinagar, Maharashtra. This marks the company’ entry into a new category of products, and is expected to broaden its addressable market within the auto components industry while also deepening relationships with OEMs of passenger vehicles over the next few years.
Source: bseindia.com, nseindia.com
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