ideaForge Technology IPO Date, Price, Review
ideaForge Technology IPO: Know everything about ideaForge Technology IPO. ideaForge Technology Limited IPO Date, ideaForge Technology IPO Review and analysis. We will discus about ideaForge Technology IPO Benefits & Risks. Also, all information related to ideaForge Technology IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
ideaForge Technology IPO
IdeaForge Technology Limited is an Indian company that specializes in the design, development, and manufacturing of unmanned aerial vehicles (UAVs) or drones for defense, homeland security, and industrial applications. ideaForge Technology Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 567 crore through IPO (Initial public offering).
ideaForge Technology IPO will open on 26 June 2023 and close on 30 June 2023. The price band of the ideaForge Technology IPO is ₹638 to ₹672. ideaForge Technology IPO size is 567 Crores. The offer includes 240 Crores under fresh issue and 327 Crores under offer for sale. ideaForge Technology IPO QIB quota is 75%, NII quota is 15% and RII quota is 10%. ideaForge Technology IPO listing date is 07 July 2023. You can know about ideaForge Technology IPO GMP (Grey Market Premium) below.
IdeaForge Technology has given good financial performance. The company made a profit of ₹44.01 crores in the financial year 2023 (March 2021). The IPO of ideaForge Technology will be listed on NSE and BSE. ideaForge Technology IPO face value is ₹10 per equity share.
We will talk about ideaForge Technology's financials, benefits, and risks of investing in the company.
About ideaForge Technology Ltd
IdeaForge Technology Limited is an Indian company specializing in the design, development, and manufacturing of unmanned aerial vehicles (UAVs), commonly known as drones. Founded in 2007 by IIT Bombay alumni, IdeaForge has emerged as a leading player in the Indian UAV industry, catering to both defense and commercial sectors.
The company has gained recognition for its cutting-edge technology and innovative solutions, positioning itself as a trusted provider of UAV systems for various applications, including defense and security, surveillance, mapping, agriculture, and industrial inspections. IdeaForge's drones are known for their robustness, reliability, and advanced features, making them suitable for critical missions and demanding environments.
One of the company's flagship products is the NETRA series of UAVs, specifically designed for surveillance and reconnaissance operations. These drones offer real-time video streaming, geo-tagging, and target-tracking capabilities, empowering defense and security forces with actionable intelligence and situational awareness. The NETRA series has been deployed by various Indian defense and paramilitary forces, contributing to enhanced operational efficiency and border security.
IdeaForge Technology Limited has established itself as a key player in the Indian UAV market, leveraging its technological expertise and customer-centric approach. With a strong foundation and a focus on innovation, the company is well-positioned to further expand its presence and contribute to the advancement of the UAV industry both in India and globally.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
ideaForge Technology IPO Date and Price Band Details
| IPO Open: | 26 June 2023 |
| IPO Close: | 30 June 2023 |
| Listing Date: | 07 July 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹567 crores |
| Fresh Issue: | Approx ₹240 crores |
| Offer For Sale: | Approx ₹327 crores |
| Price Band: | ₹638 to ₹627 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 75% |
| Retail Portion: | 10% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
ideaForge Technology IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 22 Shares |
| Minimum Amount: | ₹14,784 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 286 Shares |
| Maximum Amount: | ₹192,192 |
ideaForge Technology IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 26 June 2023 |
| IPO Closing Date: | 29 June 2023 |
| Basis of Allotment: | 04 July 2023 |
| Refund Date: | 05 July 2023 |
| Credit to Demat Account: | 06 July 2023 |
| Listing Date: | 07 July 2023 |
ideaForge Technology IPO Review
| Happiest Post | Appy |
| Anand Rathi | Apply |
| Angle One | Not Rated yet |
| Axis Capital | Not Rated yet |
| HDFC Securities | Apply |
| ICICI Direct | Not Rated yet |
| Kotak Securities | Not Rated yet |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
You can also check the latest IPO subscription status and IPO allotment status of ideaForge Technology IPO on our website.
ideaForge Technology Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The drone industry has witnessed significant growth in recent years, with increasing adoption in defense, security, and commercial sectors. IdeaForge Technology Limited operates in a market segment with substantial growth potential, driven by applications such as surveillance, inspection, and delivery services.
- IdeaForge Technology Limited has established itself as a prominent player in the drone technology space, focusing on research and development to enhance its product offerings. The company's technological expertise and innovative solutions can provide a competitive advantage and position it for future success.
- IdeaForge has secured contracts with various government agencies and defense organizations, which can provide a stable revenue stream and long-term growth opportunities. Partnerships with government entities can also enhance the company's reputation and credibility.
- The company has an experienced and dedicated senior management team.
- The use of drones extends beyond defense and security, with applications in industries like agriculture, infrastructure, and logistics. IdeaForge's ability to cater to diverse market segments increases its potential for revenue generation and market expansion.
Risks
- The drone industry is subject to evolving regulations and compliance requirements. Changes in regulatory frameworks or delays in obtaining necessary approvals could impact the company's ability to operate and fulfill contracts, which may affect its financial performance.
- The drone technology market is becoming increasingly competitive, with both established players and emerging startups vying for market share. IdeaForge Technology Limited may face intense competition from domestic and international companies, which could potentially impact its market position and profitability.
- The drone industry is rapidly evolving, with continuous advancements in technology and product innovation. IdeaForge needs to stay at the forefront of technological developments to remain competitive. Failure to adapt or keep pace with industry trends could impact its market relevance.
- Manufacturing and delivering drones involve complex processes and supply chain management. Issues such as production delays, quality control, and logistical challenges could impact the company's ability to fulfill orders and meet customer expectations.
ideaForge Technology Ltd Financials
ideaForge Technology Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2020 | ₹79.79 | ₹16.32 | ₹(13.45) |
| Mar 2021 | ₹123.74 | ₹36.34 | ₹(14.63) |
| Mar 2022 | ₹222.33 | ₹161.45 | ₹44.01 |
| Mar 2023 | ₹487.93 | ₹196.40 | ₹31.99 |
Promoters
- Ankit Mehta
- Rahul Singh
- Ashish Bhat
Contact Details of ideaForge Technology
EL-146, TTC Industrial Area, Electronic,
Zone MIDC, Mahape, Navi Mumbai,
Thane 400 710, Maharashtra, India
Telephone: +91 226787 5000
E-mail: compliance@ideaforgetech.com
Website:www.ideaforgetech.com
ideaForge Technology Lead Managers
- JM Financial Limited
- IIFL Securities Limited
ideaForge Technology IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: ideaforge.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
It's crucial to note that the specific risks and strengths of investing in IdeaForge Technology Limited IPO can only be determined by conducting in-depth research on the company's financials, market position, and growth prospects. Looking at the financial position of the company, the track record has been good. In the financial year 2023, the company had a profit of Rs 31.99 crore. The company operates in many different sectors. ideaForge Technology Limited IPO financial details and other information are given above.
ideaForge Technology IPO FAQs
How to Apply the ideaForge Technology Ltd IPO with Zerodha?
We hope you like this article about ideaForge Technology IPO. If you have a query about the ideaForge Technology IPO then, leave a comment. Here you can also stay updated about the upcoming IPO. Also, you can track IPO performance. Thanks for Visiting. Happy Investing.
0 Comments
We are waiting for your comments. 💙