IdeaForge Technology Limited IPO, a company founded in 2007, manufactures unmanned aircraft systems (UAS).
Unmanned aircraft vehicles for mapping, security, and surveillance are produced by the firm. These drones may be used for a variety of mapping and planning purposes in mining areas. UAVs from ideaForge improve operations in the real estate and construction industries. In addition, they support defence forces’ ISR (Intelligence, Surveillance, and Reconnaissance) activities near borders.
ideaForge has two main software, namely:
- BlueFire Live : It provides payload control from a distant command site and secure live broadcasting of the UAV video feed.
- BlueFire Touch: A Ground Control Software (GCS) is BlueFire Touch. With the capacity to pre-plan missions based on operational region and target locations using waypoint-based navigation, it is designed to plan and command both mapping and surveillance operations.
With a market share of almost 50% in fiscal 2022, the business is a market leader in the Indian unmanned aircraft systems (“UAS”) sector. India’s largest indigenous UAV deployment is there, with an ideaForge-made drone typically taking off for mapping and surveillance every five minutes.
According to a survey released by Drone Industry Insights in December 2022, the business has been placed 7th globally among producers of drones with dual purposes (civil and defence).
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment/prepayment of certain indebtedness availed by the company;
- Funding working capital requirements,
- Investment in product development; and
- General corporate purposes.
ideaForge Technology IPO Reservation
| Participants | Allotted Percentage |
|---|---|
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
ideaForge Technology IPO Details
| IPO Date | 26th June to 29th June , 2023 |
| Listing Date | 7 th July 2023 |
| Face Value | ₹10 per share |
| Price | [638] to [672] per share |
| Lot Size | 1 Lot = 22 share =₹14,784 |
| Total Issue Size | (aggregating up to ₹567.00 Cr) |
| Fresh Issue | (aggregating up to ₹240.00 Cr) |
| Offer for Sale | 4,869,712 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Company Financials for the last three years :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 79.79 | 16.32 | -13.45 | 68.12 | 68.05 | 5.30 |
| 31-Mar-21 | 123.74 | 36.34 | -14.63 | 59.63 | 60.27 | 50.57 |
| 31-Mar-22 | 222.33 | 161.45 | 44.01 | 163.30 | 110.28 | 5.68 |
| 30-Sep-22 | 392.15 | 143.44 | 45.21 | 318.34 | 22.67 | |
| Amount in ₹ Crore | ||||||
FAQ about investment in Ideaforge Technology Ltd.?
Here are the top reasons to consider before investing in Ideaforge Technology Ltd. IPO.
- Drone technology is a burgeoning sector, and India has enormous potential to become the global powerhouse for drone development. From 2018 to 2022, the worldwide industry will increase at a CAGR of 19%..
- They create the whole software stack for flight safety, the autopilot sub-system, battery, power, and communication systems for their UAVs. They also offer a diverse product line for UAVs..
- They have filed 62 patents, including 28 patents filed in India and 38 patents filed internationally.
- The company is backed by eminent investors such as Infosys Ltd, Qualcomm, and Asia Pacific Pte. Ltd.
How to Apply the IdeaForge Technology Limited IPO through Zerodha?
Log in to the Zerodha application or website console. Click on IPO under Portfolio. You will notice “IdeaForge” in the IPO Name. Select the “Bid” button. Enter the Price, Quantity, and UPI ID. submit your IPO application. Go to your BHIM app or UPI app on Net Banking to approve the mandate now. Open Demat Account with Zerodha.
How to Apply the IdeaForge Technology Limited IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “IdeaForge”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
How to Apply the IdeaForge Technology Limited IPO through Paytm Money?
Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “IdeaForge”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Company Contact Information
ideaForge Technology Limited
EL-146 TTC Industrial Area,
Electronic Zone, MIDC Mahape,
Navi Mumbai – 400 710
Phone: +91 84476 12778
Email: business@ideaforgetech.com
Website: https://ideaforgetech.com/
ideaForge Technology IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ideaforgetechnology.ipo@linkintime.co.in
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