Company Name | ideaForge Technology Limited |
Open Date | 26-06-2023 |
Close Date | 29-06-2023 |
Exchange | NSE, BSE |
Lot Size | 22 Shares |
Issue Price | ₹ 638 - 672 per share |
Issue Size | Aggregating up to 567 Cr. |
Application Amount | Min. Inv. - ₹ 14,784 (22 shares) Max. Inv. - ₹ 1,92,192 (286 shares) |
Recommendation | Risk_Averse - Should Wait Risk_Seekers - Should Apply |
ideaForge Technology Limited was incorporated in the year 2007 and has its registered office in Maharashtra. Company is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (“UAS”) market, with a market share of approximately 50% in Fiscal 2022. Company had the largest operational deployment of indigenous Unarmed Aerial Vehicles (UAVs), also referred to as drone, across India. Company is ranked 7th globally in the dual-use category (civil and defence) drone manufacturers as per the report published by Drone Industry Insights in December 2022. As on 31st March 2022, the company had 556 staff base on its payroll.
For the Period Ended | Mar-21 | Mar-22 | Mar-23 |
Total Assets | 12,374.10 | 22,233.10 | 48,793.00 |
Net Assets | 5,974.80 | 16,330.30 | 32,472.10 |
Total Borrowings | 5,057.40 | 567.60 | 8,650.40 |
Total Revenue | 3,633.50 | 16,144.80 | 19,640.20 |
Profit After Tax | (1,462.6) | 4,400.6 | 3,198.8 |
Opening Date | 26/06/2023 |
Closing Date | 29-06-2023 |
Basis of Allotment | 05-06-2023 |
Initiation of Refunds | 06-06-2023 |
Credit of Shares to Demat | 07-07-2023 |
Listing Date | 07-07-2023 |
Repayment/prepayment of certain indebtedness availed by the company |
Funding working capital requirements |
Investment in product development |
General corporate purposes |
Registered Office | ideaForge Technology Limited EL-146 TTC Industrial Area, Electronic Zone, MIDC Mahape, Navi Mumbai – 400 710 |
Phone | +91 84476 12778 |
business@ideaforgetech.com | |
Website | https://ideaforgetech.com/ |
ideaForge Technology Limited DRHP |
ideaForge Technology Limited RHP |
Name | Link Intime India Private Limited |
Phone | +91-22-4918 6270 |
ideaforgetechnology.ipo@linkintime.co.in | |
Website | https://linkintime.co.in/mipo/ipoallotment.html |
Anchor Investor Shares Offered | - |
QIB Shares Offered | 2,528,596 (54.39%) |
NII (HNI) Shares Offered | 1,264,297 (27.20%) |
Retail Shares Offered | 842,865 (18.13%) |
Employee Shares Offered | 13,112 (0.28%) |
Total Shares Offered | 4,648,870 (100%) |
Pre Issue Share Holding (Promoters) | 33.37% |
Post Issue Share Holding (Promoters) | 30.19% |