Share the post "IDEAFORGE TECHNOLOGY LIMITED Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
IDEAFORGE TECHNOLOGY LIMITED has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 1.26 | 1.26 | 29.34 | 29.33 | -0.01 % |
| Public | 3.03 | 3.03 | 60.79 | 64.14 | +3.35 % |
| DII | 0.27 | 0.16 | 6.4 | 3.78 | -2.62 % |
| FII | 0.15 | 0.12 | 3.47 | 2.75 | -0.72 % |
| Government | 0 | 0 | 0 | 0 | 0 |
Promoters’ shareholding decreased from 29.34% in December 2023 to 29.33% in March 2024. This reduction indicates that the promoters’ control over Company has weakened during this period.The percentage of shares held by the public increased from 60.79% in December 2023 to 64.14% in March 2024.This change suggests that the public’s investment in the company grew during the quarter.Domestic Institutional Investor’s (DII) shareholding decreased slightly from 6.4% in December 2023 to 3.78% in March 2024 , indicating that domestic institutions reduced their -2.62 stake in the company.FIIs (Foreign Institutional Investors) shareholding decreased from 3.47% in December 2023 to 2.75% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
|---|---|---|---|---|---|
| Ankit Mehta | 0 | 0.369 | 0 | 8.6 | +8.6% |
| Rahul Singh | 0 | 0.358 | 0 | 8.36 | +8.36% |
| Ankit Mehta | 0.369 | 0 | 8.6 | 0 | -8.6% |
| Rahul Singh | 0.358 | 0 | 8.36 | 0 | -8.36% |
Ankit Mehta had no shares in the previous quarter but now holds 8.6% of shares in the current quarter.Rahul Singh had no shares in the previous quarter but now holds 8.36% of shares in the current quarter.Ankit Mehta had 8.6% of shares in the previous quarter but exited in the current quarter.Rahul Singh had 8.36% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Key Managerial Personnel | 0.220 | 0.215 | 5.14 | 5.01 | -0.13 % |
| Vipul Joshi | 0 | 0.186 | 0 | 4.34 | +4.34% |
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.542 | 0.873 | 12.64 | 20.35 | + 7.71 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.254 | 0.187 | 5.93 | 4.36 | -1.57 % |
| Non Resident Indians (NRIs) | 0.191 | 0.202 | 4.46 | 4.71 | + 0.25 % |
| Foreign Companies | 0.461 | 0.410 | 10.76 | 9.56 | -1.2 % |
| Celesta Capital Ii Mauritius | 0 | 0.298 | 0 | 6.94 | +6.94% |
| Bodies Corporate | 0.328 | 0.270 | 7.65 | 6.29 | -1.36 % |
| Any Other (specify) | 0.610 | 0.594 | 14.22 | 13.86 | -0.36 % |
| Ganapathy Subramaniam | 0.114 | 0.091 | 2.67 | 2.13 | -0.54 % |
| Director or Director’s Relatives | 0.114 | 0.091 | 2.67 | 2.13 | -0.54 % |
| HUF | 0.023 | 0.031 | 0.53 | 0.73 | + 0.2 % |
| LLP | 0.465 | 0.464 | 10.85 | 10.82 | -0.03 % |
| Vipul Joshi | 0.191 | 0 | 4.46 | 0 | -4.46% |
| Celesta Capital II Mauritius | 0.332 | 0 | 7.75 | 0 | -7.75% |
| Infina Finance Private Limited | 0.106 | 0 | 2.48 | 0 | -2.48% |
Observations show a significant difference of -0.13 % in Key Managerial Personnel’s financial performance between quarters.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital up to Rs. 2 lakhs has significantly boosted stakeholding by an impressive 7.71 %.Observations show a significant difference of -1.57 % in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Non Resident Indians (NRIs) has significantly boosted stakeholding by an impressive 0.25 %.Observations show a significant difference of -1.2 % in Foreign Companies’s financial performance between quarters.Observations show a significant difference of -1.36 % in Bodies Corporate’s financial performance between quarters.Observations show a significant difference of -0.36 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.54 % in Ganapathy Subramaniam’s financial performance between quarters.Observations show a significant difference of -0.54 % in Director or Director’s Relatives’s financial performance between quarters.Leading the way to higher stakeholding, HUF has significantly boosted stakeholding by an impressive 0.2 %.Observations show a significant difference of -0.03 % in LLP’s financial performance between quarters.Vipul Joshi had no shares in the previous quarter but now holds 4.34% of shares in the current quarter.Celesta Capital Ii Mauritius had no shares in the previous quarter but now holds 6.94% of shares in the current quarter.Vipul Joshi had 4.46% of shares in the previous quarter but exited in the current quarter.Celesta Capital II Mauritius had 7.75% of shares in the previous quarter but exited in the current quarter.Infina Finance Private Limited had 2.48% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 0.195 | 0.133 | 4.55 | 3.09 | -1.46 % |
| Hsbc Small Cap Fund | 0.074 | 0.067 | 1.73 | 1.55 | -0.18 % |
| Insurance Companies | 0.037 | 0.008 | 0.85 | 0.2 | -0.65 % |
| NBFCs registered with RBI | 0 | 0.001 | 0 | 0.01 | +0.01% |
| Alternate Investment Funds | 0.022 | 0 | 0.52 | 0 | -0.52% |
Mutual Funds/ decreased their stake from 3.09% in the previous quarter to 4.55% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -1.46 %.Hsbc Small Cap Fund decreased their stake from 1.55% in the previous quarter to 1.73% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.18 %.Insurance Companies decreased their stake from 0.2% in the previous quarter to 0.85% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.65 %.NBFCs registered with RBI had no shares in the previous quarter but now holds 0.01% of shares in the current quarter.Alternate Investment Funds had 0.52% of shares in the previous quarter but exited in the current quarter.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 0.147 | 0.117 | 3.43 | 2.72 | -0.71 % |
| Goldman Sachs Funds – Goldman Sachs India Equity Portfolio | 0.056 | 0.059 | 1.31 | 1.37 | + 0.06 % |
Stakeholding dwindled by -0.71 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.During this past quarter, there was a noteworthy upswing in stakeholding for Goldman Sachs Funds – Goldman Sachs India Equity Portfolio, which experienced a significant increase of 0.06 % .
