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
| Particular | Date |
| IPO Open Date | 26 Jun 2023 |
| IPO Close Date | 30 Jun 2023 |
| Allotment Date | 04 July 2023 |
| IPO Listing Date | 07 July 2023 |
ideaForge Technology Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 638 to Rs. 672 Per Equity Share |
| Market Lot | 22 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 567 Crore. |
ideaForge Technology Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 22 | Rs. 14784 |
| Maximum | 13 | 286 | Rs. 192192 |
| Small HNI (Minimum) | 14 | 308 | Rs. 206976 |
| Big HNI (Minimum) | 67 | 1496 | Rs. 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:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 487.93 | 222.33 | 123.74 |
| Total Revenue | 196.40 | 161.45 | 36.34 |
| Profit After Tax | 31.99 | 44.01 | (14.63) |
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 Information | IPO Registrar |
| ideaForge Technology Limited EL-146 TTC Industrial Area, Electronic Zone, MIDC Mahape, Navi Mumbai – 400 710 Phone: +91 84476 12778 Email: business@ideaforgetech.com Website: https://ideaforgetech.com | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: ideaforgetechnology.ipo@linkintime.co.in Website: https://linkintime.co.in |
