-- / 22 shares
IPO Details
Issue Date
--
Min Investments
--
Issue Price
638 - 672
Lot Size
22
IPO Size
₹ 567.29 Cr
IPO Listing Details
Listing On
7 Jul'23
Issue Price
638 - 672
Listed Price
₹ 1300
Retail Gain/Listing Gain
▲93.45%
IPO Timeline
Company Background
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.
Risk Factors
- 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.
Key Strategies
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
Key Financials
And finally here’s a look at key financials of ideaForge Technology Limited
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
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How to apply for an IPO using UPI
Kotak Securities
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How to apply for an IPO using UPI
Top IdeaForge Lighting Limited IPO FAQs
What is ideaForge Technology Limited IPO?
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.
Who is the Registrar of ideaForge Technology Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about ideaForge Technology Limited’s business?
You can read more about ideaForge Technology Limited and its IPO from the company’s red herring prospectus (RHP) here.
