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-- / 22 shares

IPO Details

Issue Date

--

Investment/lot

--

Price Range

638 - 672

Lot Size

22

IPO Size

₹ 567.29 Cr

IPO Listing Details

Listing On

7 Jul'23

Issue Price

672

Listed Price

₹ 1300

Retail Gain/Listing Gain

93.45%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

IdeaForge is a pioneer and market leader in the Indian unmanned aircraft systems (“UAS”) market, with a market share of approximately 50% in Fiscal 2022 (Source: 1Lattice Report). The company had the largest operational deployment of indigenous UAVs across India, with a drone manufactured by IdeaForge, taking off every five minutes on average, for surveillance and mapping, as of Fiscal 2023 (Source: 1Lattice Report).

ideaForge has 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 (Source: 1Lattice Report). The company has also grown at a CAGR of 131.47% in terms of revenue from operations over the last three Fiscals, with a Return on Capital Employed of 12.51% in Fiscal 2023.

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Market leader in the Indian UAS industry: first-mover advantage
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Diversified product portfolio
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Strong relationships with a diverse customer base
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In-house design to delivery capabilities
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  • The business requires significant working capital for manufacturing products, financing inventory and purchase of critical components.
  • The company has faced negative cash flows from operating activities in the past, and the same may occur in the future.
  • Highly dependent on global vendors for the supply of components.

Here are a few strategies ideaForge Technology Limited has for its business:

  • Continue investments in product innovation, engineering and design
  • Expand into international markets
  • Focus on indigenisation
  • Expand business services and software revenue through ‘as a Service’ offerings

And finally here’s a look at key financials of ideaForge Technology Limited

Particulars (in Rs. million)

Particulars (in Rs. million)

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Ideaforge Technology Ltd IPO FAQs

Ideaforge Technology Ltd will list on 2023-07-07.

567.29 is the issue size of Ideaforge Technology Ltd IPO.

The price band of Ideaforge Technology Ltd IPO is ₹638 to ₹672.

The ideaForge Technology Limited IPO has an issue size of Rs. 567 crore. The IPO opens for subscription on 26th June and ends on 29th June.

Link Intime India Private Limited is the registrar for this IPO.

You can read more about ideaForge Technology Limited and its IPO from the company’s red herring prospectus (RHP) here.

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