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ideaForge Technology IPO Date, Price, Review, GMP

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 Details

    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.

    What is the ideaForge Technology IPO Date?
    ideaForge Technology's IPO Date is 26 June 2023.

    What is ideaForge Technology IPO Price Band?
    ideaForge Technology's IPO Price Band is ₹638 to ₹372.

    What is ideaForge Technology IPO Expected Return?
    ideaForge Technology IPO Expected Returns is approx -%.

    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.

    Important Links

    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

    ideaForge Technology IPO open date: 26 June 2023, Closing date: 30 June 2023, and Listing date: 07 July 2023. The price band of ideaForge Technology IPO is ₹638 to ₹372 per share. ideaForge Technology IPO issue size is Rs 567 crores. ideaForge Technology IPO retail portion is 10%, the QIB portion is 75%, and NII Portion is 15%.
    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

    ideaForge Technology IPO's minimum lot size is 22 shares with ₹14,784 application amount and the maximum lot size is 286 shares with ₹192,192 application amount.
    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

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    You can also check the latest IPO subscription status and IPO allotment status of ideaForge Technology IPO on our website.

    ideaForge Technology Ipo Rating

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    • 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.


    • 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)

    YearTotal AssetsRevenueProfit
    Mar 2020₹79.79₹16.32₹(13.45)
    Mar 2021₹123.7436.34₹(14.63)
    Mar 2022₹222.33₹161.45₹44.01
    Mar 2023₹487.93₹196.40₹31.99


    The promoters of the company are:
    • Ankit Mehta
    • Rahul Singh
    • Ashish Bhat

    Contact Details of ideaForge Technology

    ideaForge Technology Limited
    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

    ideaForge Technology Lead Managers

    • JM Financial Limited
    • IIFL Securities Limited

    ideaForge Technology IPO Registrars

    Link Intime India Private Limited
    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


    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

    What is ideaForge Technology IPO Price Band?
    ideaForge Technology IPO Price Band is ₹638 to ₹672.

    What is the ideaForge Technology IPO Opening Date?
    ideaForge Technology IPO Opening date is 26 June 2022.

    What is the ideaForge Technology IPO Closing Date?
    ideaForge Technology IPO Closing date is 30 June 2022.

    What is the ideaForge Technology IPO Allotment date?
    ideaForge Technology IPO Allotment Date is  04 July 2022.

    What is the ideaForge Technology IPO Listing Date?
    The ideaForge Technology IPO Date is 07 July 2022.

    What is the ideaForge Technology IPO issue size?
    ideaForge Technology IPO issue size is ₹567.

    What are ideaForge Technology IPO Expected Returns?
    ideaForge Technology IPO Expected Returns is -%.

    How to Apply the ideaForge Technology Ltd IPO with Zerodha?

    1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO. 
    2. If you are a Desktop user then Log in to the Console on Zerodha Website. Go to Portfolio and Click on IPO. 
    3. You will see the IPO name "ideaForge Technology Ltd". 
    4. Then, Click on Bid Button.
    5. Then, Enter your UPI ID.
    6. Then, Fill in the Quantity and Price. (we recommend, that you should choose the cutoff price.)
    7. Then Submit the IPO Application Form.
    8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.

    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.

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