ideaForge Technology Limited
- IPO Date26 Jun, 2023 to 30 Jun, 2023
- Listing Date07 Jul, 2023
- Face Value₹10 per share
- Issue Price₹638 to ₹672 per share
- Lot Size22 Shares
- Minimum Investment₹14,784
- Listing AtBSE, NSE
- Total Issue Size84,41,764 Shares
(aggregating up to ₹567.29 Cr) - Fresh Issue35,72,052 Shares
(aggregating up to ₹240.04 Cr)
- Offer for Sale48,69,712 Shares
(aggregating up to ₹327.24 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue3,80,98,559
- Shareholding post issue4,16,70,611
IPO Dates
Closing Date
30 Jun, 2023
Initiation of Refunds
07 Jul, 2023
Listing Date
07 Jul, 2023
26 Jun, 2023
Opening Date
05 Jul, 2023
Basis of Allotment
07 Jul, 2023
Credit of Shares
ideaForge Technology Limited Lot Size
The minimum lot size of this ideaForge Technology IPO is 22 shares required is ₹14,784.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 286 | ₹1,92,192 |
| S-HNI (Min) | 14 | 308 | ₹2,06,976 |
| Retail (Min) | 1 | 22 | ₹14,784 |
| B-HNI (Min) | 68 | 1496 | ₹10,05,312 |
| S-HNI (Max) | 67 | 1474 | ₹9,90,528 |
ideaForge Technology Limited Promoter Holding
The promoters of the company are Mr. Ankit Mehta, Mr. Rahul Singh, and Mr. Ashish Bhat.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 33.37% | 30.19% |
Key Performance Indicator
ideaForge Technology IPO Market Cap is Rs 2800.2 Cr and P/E (x) is 87.5.
| KPI | Values |
|---|---|
| ROE | 13.11% |
| ROCE | 12.51% |
| RoNW | 9.85% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 87.5 | 8.12 |
| P/E (x) | 87.5 | 8.12 |
ideaForge Technology Limited COMPANY INFORMATION
ideaForge Technology IPO is a Book Built Issue. The IPO total issue size is Rs 567.29 Cr. The ideaForge Technology IPO price is ₹638 to ₹672 per share. The IPO will list on BSE, NSE.
Incorporated in 2007, 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.
FAQs About Ideaforge Technology Limited
ideaForge Technology Limited will open on 26 Jun, 2023 and close on 30 Jun, 2023. Investors must apply within this period to participate.
The ideaForge Technology Limited price band is set between ₹638.00 and ₹672.00 per share. The minimum lot size is 22, requiring an investment of at least ₹14784.00.
The ideaForge Technology Limited shares are expected to be listed on 07 Jul, 2023, subject to regulatory approvals and final allotment.
You can track your ideaForge Technology Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The ideaForge Technology Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.