ideaForge Technology Limited
Mainboard₹14,784 / 22 Shares
ideaForge Technology Limited IPO Details
The ideaForge Technology Limited IPO price band is set between ₹638-672 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 26 Jun, 2023 and closes on 30 Jun, 2023. Investors can check the allotment status on 5 Jul, 2023, while the listing date is tentatively scheduled for 7 Jul, 2023.
The total issue size is Total ₹567 Cr :#Fresh Issue : 35,71,429 shares, aggregating up to ₹240.00 Cr. Stay tuned for the latest ideaForge Technology Limited IPO review and GMP updates.
ideaForge Technology Limited IPO Review, Rating & Analysis
ideaForge Technology Limited IPO Review
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ideaForge Technology Limited IPO Highlights
IPO Date
Jun 26, 2023 - Jun 30, 2023
Listing Date
7 Jul, 2023
Face Value
₹10 Per Equity Share
Price Band
₹638-672 per equity share
Lot Size
22 Shares
Fresh Issue
35,71,429 Shares
Offer for Sale
48,69,712 shares of ₹10
Listing At
BSE, NSE
ideaForge Technology Limited IPO Lot Size
The minimum market lot for ideaForge Technology Limited IPO is 22 shares with an application amount of ₹14,784. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,784 |
| Retail (Max) | 13 | 286 | ₹1,92,192 |
| S-HNI (Min) | 14 | 308 | ₹2,06,976 |
| S-HNI (Max) | 67 | 1474 | ₹9,90,528 |
| B-HNI (Min) | 68 | 1496 | ₹10,05,312 |
ideaForge Technology Limited IPO Timeline
Issue Price
₹638-672 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
JM Financial LimitedIIFL Securities LtdIssue Size
Total ₹567 Cr :#Fresh Issue : 35,71,429 shares(aggregating up to ₹240.00 Cr) +
#OFS : 48,69,712 shares of ₹10(aggregating up to ₹327 Cr)
ideaForge Technology Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 22 | 392.15 | 143.44 | 45.21 | - | - | - |
| 31 Mar 22 | 222.33 | 161.45 | 44.01 | - | - | - |
| 31 Mar 21 | 123.74 | 36.34 | -14.63 | - | - | - |
| 31 Mar 20 | 79.79 | 16.32 | -13.45 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Ankit Mehta
- Mr. Rahul Singh
- Mr. Ashish Bhat
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A% | N/A% |
About Company
ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).
The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications. ideaForge UAVs help construction and real estate boost their operations. They also assist defense forces in conducting Intelligence, Surveillance, and Reconnaissance (ISR) operations along borders.
ideaForge has two main software, namely:
BlueFire Live!: It enables secure and live streaming of the UAV video feed and also allows payload control from a remote command location.
BlueFire Touch: BlueFire Touch is a Ground Control Software (GCS). It is built to plan and command both mapping and surveillance missions with the ability to pre-plan missions based on operational area and target locations via waypoint-based navigation.
The company is a market leader in the Indian Unmanned Aircraft Systems (UAS) market with a market share of approximately 50% in fiscal 2022. It has the largest operational deployment of indigenous UAVs across India, with an ideaForge-manufactured drone taking off every five minutes for surveillance and mapping on average.
The company has been ranked 7th globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2022
ideaForge Technology Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|
65.49 times
Frequently Asked Questions about ideaForge Technology Limited IPO
When will ideaForge Technology Limited IPO open for subscription?
The ideaForge Technology Limited IPO opens on 26 Jun, 2023 and closes on 30 Jun, 2023.
What is the investors portion for ideaForge Technology Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is .
How to apply for ideaForge Technology Limited IPO?
You can apply for ideaForge Technology Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of ideaForge Technology Limited IPO?
The issue size of ideaForge Technology Limited IPO is approx ₹Total ₹567 Cr :#Fresh Issue : 35,71,429 shares(aggregating up to ₹240.00 Cr) +#OFS : 48,69,712 shares of ₹10(aggregating up to ₹327 Cr) crores.
What is the price band of ideaForge Technology Limited IPO?
The price band for ideaForge Technology Limited IPO is ₹638 to ₹672 per equity share.
What is the lot size of ideaForge Technology Limited IPO?
The minimum bid (lot size) for ideaForge Technology Limited IPO is N/A shares with an investment of approx ₹14,784 .
What is the allotment date of ideaForge Technology Limited IPO?
The allotment date for ideaForge Technology Limited IPO is 5 Jul, 2023.
What is the listing date of ideaForge Technology Limited IPO?
The listing date for ideaForge Technology Limited IPO is expected to be 7 Jul, 2023.
What is the GMP of ideaForge Technology Limited IPO?
The latest Grey Market Premium (GMP) for ideaForge Technology Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.