ideaForge Technology Limited IPO

Mainboard

Aerospace & Defense

Listed On: Jul 7, 2023 at ₹ 1300.0(NSE)

₹ 14784 /22 Shares

Check Allotment

Price Summary

Last Closing

568.90 (-15.34%)

52 Week High

886.00

52 Week Low

535.00

Last Update

22-Nov-2024 3:30 PM

ideaForge Technology Limited IPO Details

26 Jun, 2023

Open Date

30 Jun, 2023

Close Date

05 Jul, 2023

Allotment Date

07 Jul, 2023

Listing Date

Issue Price

₹638-672 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

1300.0(NSE)

Listing Date

2023-07-07

Market Lot

Retail : 22 Shares (₹14,784/-)
sHNI : 308 Shares (₹2,06,976/-)
bHNI : 1,496 Shares (₹10,05,312/-)

Lead Manager

JM Financial Limited
IIFL Securities Ltd

Issue Size

Total ₹567 Cr :
#Fresh Issue : 35,71,429 shares(aggregating up to ₹240.00 Cr) +
#OFS : 48,69,712 shares of ₹10(aggregating up to ₹327 Cr)

Retail Portion

10% (Number of Retail Applications : 38,309 Approx),
(Number of sHNI Applications : 1,368 Approx),
(Number of bHNI Applications : 2,736 Approx)

Subscription

106.05 times

IPO Docs

DRHP RHP

ideaForge Technology Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Employee	Total
Shares Offered / Reserved	2,528,596	1,264,297 842,864 421,433	842,865	13,112	4,648,870
Day 1 - 26-06-23 05:00 PM	0.01 x	5.13 4.18 x 7.03 x	12.48 x	8.47 x	3.69 x
Day 2 - 27-06-23 05:00 PM	1.34 x	21.59 18.63 x 27.50 x	36.36 x	26.26 x	13.27 x
Day 3 - 28-06-23 05:00 PM	38.62 x	64.06 65.87 x 60.43 x	64.84 x	63.99 x	50.30 x
Day 4 - 30-06-23 05:00 PM	125.81 x	80.58 81.99 x 77.75 x	85.15 x	96.57 x	106.05 x

Total No. of Applications: 25,07,821 (Approx)

Retail Subscription on the basis of Applications: 65.49 times

ideaForge Technology Limited Valuations

Earnings Per Share (EPS)

₹7.68/-

P/E Ratio

87.54

RoNW

9.85%

Net Asset Value (NAV) -

₹86.81

ideaForge Technology Limited Company Financials All values are in ₹ Cr.

	30-Sep-22	31-Mar-22	31-Mar-21	31-Mar-20
Assets	392.15	222.33	123.74	79.79
Revenue	143.44	161.45	36.34	16.32
Profit After Tax	45.21	44.01	-14.63	-13.45

About The Company

ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).

The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications. ideaForge UAVs help construction and real estate boost their operations. They also assist defense forces in conducting Intelligence, Surveillance, and Reconnaissance (ISR) operations along borders.

ideaForge has two main software, namely:
BlueFire Live!: It enables secure and live streaming of the UAV video feed and also allows payload control from a remote command location.
BlueFire Touch: BlueFire Touch is a Ground Control Software (GCS). It is built to plan and command both mapping and surveillance missions with the ability to pre-plan missions based on operational area and target locations via waypoint-based navigation.

The company is a market leader in the Indian Unmanned Aircraft Systems (UAS) market with a market share of approximately 50% in fiscal 2022. It has the largest operational deployment of indigenous UAVs across India, with an ideaForge-manufactured drone taking off every five minutes for surveillance and mapping on average.

The company has been ranked 7th globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2022

ideaForge Technology Limited - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Mr. Ankit Mehta
Mr. Rahul Singh
Mr. Ashish Bhat

ideaForge Technology Limited IPO - Issue Objectives

Repayment/prepayment of certain indebtedness availed by the company
Funding working capital requirements
Investment in product development
General corporate purposes

ideaForge Technology Limited IPO - Anchor Investors

ideaForge Technology raises Rs 254.88 crore via anchor book ahead of IPO.

Marquee investors who participated in the anchor book of the unmanned aircraft system manufacturer include Pinebridge Global Funds, Nomura Funds, Ashoka India Equity Investment Trust Plc, HSBC Mutual Fund, Goldman Sachs Funds and Carmignac Portfolio.

Among others, Tata AIA General Insurance Company, ICICI Prudential Mutual Fund, Invesco India, Axis Mutual Fund, HDFC Mutual Fund, Nippon Life India, Aditya Birla Sun Life Trustee, Quant Mutual Fund and Max Life Insurance also invested in the company via anchor book.

ideaForge Technology Limited IPO - FAQs

Ans. ideaForge Technology Limited IPO is a Mainboard IPO. The issue is priced at ₹638-672 per equity share. The minimum order quantity is 22 Shares. The IPO opens on Jun 26, 2023, and closes on Jun 30, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The ideaForge Technology Limited IPO opens on Jun 26, 2023 and closes on Jun 30, 2023.

Ans. The size of ideaForge Technology Limited IPO is Total ₹567 Cr : #Fresh Issue : 35,71,429 shares(aggregating up to ₹240.00 Cr) + #OFS : 48,69,712 shares of ₹10(aggregating up to ₹327 Cr).

Ans. The IPO price band is set between ₹638-672 per equity share.

Ans. To apply for ideaForge Technology Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find ideaForge Technology Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of ideaForge Technology Limited IPO is Jul 5, 2023.

Ans. The ideaForge Technology Limited IPO will be listed on Jul 7, 2023.

Ans. Follow the steps to check the allotment status for ideaForge Technology Limited IPO here.