IdeaForge IPO Date, Review, Price, Allotment, Analysis

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).

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)

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

IdeaForge IPO Date & Price Band Details

IdeaForge IPO Market Lot

The IdeaForge IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.

IdeaForge IPO Allotment & Listing Dates

The IdeaForge IPO date is June 2023 and the close date is June 2023. The IdeaForge IPO allotment will be finalized on 2023 and the IPO listing on 2023.

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

• 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

Note: The IdeaForge IPO price band and date are not officially announced yet. The IPO grey market premium (IdeaForge IPO Premium) will be added to the IPO grey market page as it will start).

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