IdeaForge IPO Date, Review, Price, Allotment Details

IdeaForge is a drone manufacturing company that provides drone solutions like surveillance, mapping, and inspection to their clients. They are one of the market leaders in the Indian unmanned aircraft systems (“UAS”) market (Source: 1Lattice Report). They ranked 7th globally in the dual-use category (civil and defense) drone manufacturers in December 2022 (Source: 1Lattice Report).

They have Indian unmanned aircraft systems (UAS) market share of around 50% in FY 2022. ideaForge is a vertically integrated company that designs and manufactures world-class drones for mapping, security, and surveillance applications. Their UAVs are equipped with industry-leading specifications and capabilities, comparable to those of other established global players in the UAV industry.

IdeaForge raises ₹60 crores in the pre-IPO round at a valuation of about ₹2,500 crore, banking sources told Economic Times (ET). ideaForge Technology raises Rs 254.88 crore via anchor book ahead of IPO – Some of the investors name include Pinebridge Global Funds, Nomura Funds, Ashoka India Equity Investment Trust Plc, HSBC Mutual Fund, Goldman Sachs Funds and Carmignac Portfolio.

Objects of the Issue

• Repayment/prepayment of certain indebtedness availed by our Company;
• Funding working capital requirements;
• Investment in product development; and
• General corporate purposes

IdeaForge IPO Review (Apply or Not)

• Apply

Brokerage Firm IPO Review

• Arihant Capital Markets: Apply
• BP Equities: Apply
• Choice Equity Broking: Apply
• GEPL Capital Ltd: Apply
• Hem Securities: Apply
• Marwadi Shares: Apply
• Motilal Oswal: Apply
• SBICAP Securities: Apply
• Swastika Investmart: Apply

IdeaForge IPO Date & Price Band Details

IdeaForge IPO Market Lot

The IdeaForge IPO minimum market lot is 22 shares with ₹14,784 application amount. The retail investors can apply up-to 13 lots with 286 shares or ₹192,192 amount.

IdeaForge IPO Allotment & Listing Dates

The IdeaForge IPO date is June 26 and the close date is June 30. The IdeaForge IPO allotment will be finalized on July 4 and the IPO listing on July 7.

You can check IPO subscription status and IPO allotment status on their respective pages.

IdeaForge IPO Form

How to apply for the IdeaForge IPO? You can apply for IdeaForge IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IdeaForge IPO in the Invest section. The other option is you can apply for IdeaForge IPO via IPO forms downloaded via NSE and BSE. Check out the IdeaForge forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

IdeaForge Company Financial Report

IdeaForge IPO Valuation – FY2022

Check IdeaForge IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• MTR Technologies Limited
• Data Patterns India Limited
• Astra Microwave Products

Company Promoters

• Ankit Mehta
• Rahul Singh
• Ashish Bhat

IdeaForge IPO Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: [email protected]
Website: www.linkintime.co.in

IdeaForge IPO Allotment Status Check

Check IdeaForge IPO allotment status on Linkintime website allotment URL. Click Here

IdeaForge IPO Lead Managers aka Merchant Bankers

• JM Financial Limited
• IIFL Securities Limited

Company Address

IDEAFORGE TECHNOLOGY LIMITED
EL-146, TTC Industrial Area,
Electronic Zone MIDC, Mahape,
Navi Mumbai, Thane 400 710, Maharashtra
Phone: +91 226787 5000
E-mail: [email protected]
Website: www.ideaforgetech.com

IdeaForge IPO FAQs

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