Ideaforge Technology IPO Details
Issue Date
--
Price Range
₹638 - ₹672
Lot Size
22
IPO Size
₹567.29 Cr
Ideaforge Technology IPO Listing Details
Listing On
7 Jul'23
Issue Price
₹672
Listed Price
₹ 1300
Retail Gain/Listing Gain
▲93.45%
Schedule of Ideaforge Technology IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
07/07/2023
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.
Competitive Strengths
Market leader in the Indian UAS industry: first-mover advantage
Diversified product portfolio
Strong relationships with a diverse customer base
In-house design to delivery capabilities
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
How to apply for IPO through ASBA
Kotak Neo
•00m 58s
Ideaforge Technology IPO FAQs
The Ideaforge Technology IPO opens for subscription from [-] to [-], with a total issue size of ₹567.29 Cr. The IPO price band is ₹638 to ₹672 per share with a lot size of 22. The company aims to list the shares on BSE & NSE on 07-07-2023.
The Ideaforge Technology IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Ideaforge Technology IPO is 22 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the Ideaforge Technology IPO has been fixed at ₹638 to ₹672 per equity share.
You can apply for the Ideaforge Technology IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Ideaforge Technology IPO allotment will take place on [-].
You can check the Ideaforge Technology IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Ideaforge Technology shares will list on the stock exchanges on 07-07-2023.
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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