ideaForge Technology Limited
IPO Details
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₹610(90.77%)
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Having completed its public offering, ideaForge Technology Limited's is now listed and trading on the NSE, BSE exchange as of Jul 07, 2023. The IPO raised cumulative capital of 84,41,764 Shares, including 35,72,052 Shares in primary capital infusion and ₹327.25 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹638 to ₹672 and minimum investment requirement of 22 shares. subscription activity between Jun 26, 2023 and Jun 30, 2023 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Jul 05, 2023 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
ideaForge Technology Limited, incorporated in 2007, is a leading Indian manufacturer of Unmanned Aircraft Systems (UAS) with a market share of approximately 50% in fiscal 2022. The company has the largest operational deployment of indigenous UAVs in India, with an ideaForge-manufactured drone taking off every five minutes on average for surveillance and mapping. Globally, it is ranked 7th in the dual-use (civil and defense) drone manufacturing category, according to Drone Industry Insights’ December 2022 report.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Ankit Mehta
- Mr. Rahul Singh
- Mr. Ashish Bhat
ideaForge Technology Limited
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