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
IPO Open: | June 2023 |
IPO Close: | June 2023 |
IPO Size: | Approx ₹[.] Crores |
Fresh Issue: | Approx ₹300 Crores |
Offer for Sale: | Approx 4,869,712 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹[.] to ₹[.] Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 10% |
QIB Quota: | 75% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | – | ₹- |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
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.
Price Band Announcement: | June 2023 |
Anchor Investors Allotment: | June 2023 |
IPO Open Date: | June 2023 |
IPO Close Date: | June 2023 |
Basis of Allotment: | 2023 |
Refunds: | 2023 |
Credit to Demat Account: | 2023 |
IPO Listing Date: | 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
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2020 | ₹16.32 | ₹29.76 | ₹13.45 |
2021 | ₹36.32 | ₹50.84 | ₹14.63 |
2022 | ₹161.45 | ₹112.27 | ₹44.01 |
2023 6M | ₹143.44 | ₹83.95 | ₹45.21 |
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.
Earning Per Share (EPS): | ₹13.84 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 26.95% |
Net Asset Value (NAV): | ₹51.36 per Equity Share |
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
What is IdeaForge IPO?
When IdeaForge IPO will open?
What is IdeaForge IPO Investors Portion?
How to Apply the IdeaForge IPO?
How to Apply the IdeaForge IPO through Zerodha?
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How to Apply the IdeaForge IPO through Paytm Money?
What is IdeaForge IPO Size?
What is IdeaForge IPO Price Band?
What is IdeaForge IPO Minimum and Maximum Lot Size?
What is the IdeaForge IPO Allotment Date?
IdeaForge IPO allotment date is 2023.
What is the IdeaForge IPO Listing Date?
IdeaForge IPO listing date is 2023. The IPO is to list on BSE and NSE.
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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