ideaForge Technology Limited IPO

ideaForge IPO

ideaForge Technology Limited Incorporated in 2007, is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS). The Company is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (“UAS”) market (Source: 1Lattice Report). We had the largest operational deployment of indigenous UAVs across India, with an ideaForge manufactured drone taking off every five minutes for surveillance and mapping on an average. Our customers have completed over 300,000 flights using our UAVs. We 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 (Source: 1Lattice Report).

Company’s UAVs are equipped with industry leading specifications and capabilities, comparable to those of other established global players in the UAV industry (Source: 1Lattice Report). Our capabilities like our indigenous design and technological ability to invent, design and deliver customer centric offerings allow us to design, develop, engineer and manufacture our UAVs in-house with a control on performance, reliability and autonomy.

ideaForge Technology Limited IPO Timetable

IPO Open Date26 Jun 2023
IPO Close Date30 Jun 2023
Allotment Date04 July 2023
IPO Listing Date07 July 2023

ideaForge Technology Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 638 to Rs. 672 Per Equity Share
Market Lot22 Share
Listing AtNSE & BSE
Issue SizeApprox. Rs. 567 Crore.

ideaForge Technology Limited IPO Lot Size

Minimum122Rs. 14784
Maximum13286Rs. 192192
Small HNI (Minimum)14308Rs. 206976
Big HNI (Minimum)671496Rs. 1005312

ideaForge Technology Limited IPO Details Allotment Status

Click Here To Check IPO Allotment Status ideaForge Technology Limited

Click Here To Get ASBA Forms ideaForge Technology Limitedmited IPO

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets487.93222.33123.74
Total Revenue196.40161.4536.34
Profit After Tax31.9944.01(14.63)
for accurate figures follow the company financials.

Company Promoters:

The promoters of the company are Mr. Ankit Mehta, Mr. Rahul Singh, and Mr. Ashish Bhat.

Purpose of the Issue

  • Repayment/prepayment of certain indebtedness availed by the company;
  • Funding working capital requirements,
  • Investment in product development, and
  • General corporate purposes.

Registrar & Company Details

Company Contact InformationIPO Registrar
ideaForge Technology Limited

EL-146 TTC Industrial Area,
Electronic Zone, MIDC Mahape,
Navi Mumbai – 400 710
Phone: +91 84476 12778
Link Intime India Private Ltd

Phone: +91-22-4918 6270

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