What is the issue size of ideaForge Technology IPO?

The issue size of the ideaForge Technology IPO is Rs 567 cr.

What is 'pre-apply' for ideaForge Technology IPO?

Pre-apply will alow you to apply for the ideaForge Technology IPO 2 days before the subscription period starts.

If I pre-apply for ideaForge Technology IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the ideaForge Technology IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my ideaForge Technology IPO order is placed?

We will notify you when your ideaForge Technology IPO order is placed with the exchange.

What are the open and close dates of the for ideaForge Technology IPO?

ideaForge Technology IPO will be open between June 26 and June 29, 2023 .

What is the lot size and minimum order quantity of the ideaForge Technology IPO?

The ideaForge Technology Limited IPO lot size is 22 shares.

What are the allotment dates for the ideaForge Technology IPO?

ideaForge Technology IPO allotment date is 4 July. For ideaForge Technology IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of ideaForge Technology IPO?

ideaForge Technology IPO registrar is Link Intime India Private Ltd. You can check ideaForge Technology IPO allotment status on the website of the registrar.

Where is the ideaForge Technology IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

ideaForge Technology IPO

ideaForge Technology Limited

₹14,036 /22 sharesMinimum Investment

ideaForge Technology IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹672.00₹1,300.00₹628.00 (93.45%)
ideaForge Technology IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
26 Jun ‘23 - 30 Jun ‘23₹14,03622₹638 - ₹672
Issue SizeIPO Doc
567.00CrRHP PDF
Subscription Status As on 30 Jun '23, 5:30 PMQualified Institutional Buyers
125.81x
Non-Institutional Investor
80.58x
Retail Individual Investor
85.16x
Employees
96.58x
Total
106.05x
About ideaForge TechnologyFounded in 2007, ideaForge Technology Limited is a leading manufacturer of Unmanned Aircraft Systems (UAS), specialising in the production of drones for mapping, security, and surveillance purposes. With a strong foothold in the Indian market, the company has established itself as a pioneer in the UAS industry, capturing a market share of approximately 50% during fiscal year 2022.
The company's range of UAVs offers versatile capabilities for a wide array of applications, including mining area planning, mapping, construction support, and real estate operations. Additionally, ideaForge's UAVs play a vital role in assisting defence forces in conducting Intelligence, Surveillance, and Reconnaissance (ISR) operations along national borders.
Recognised globally, ideaForge Technology Limited has earned the 7th rank in the dual-use category (civil and defence) among drone manufacturers worldwide.
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Parent Organisation
ideaForge Technology Limited
Founded
2007
Managing Director
Srikanth Velamakanni
Strengths & Risks
The company is recognised as the pioneer and the leading market player in the Indian Unmanned Aerial Systems (UAS) market, boasting a substantial market share of approximately 50% in Fiscal 2022.
A diversified product portfolio, coupled with a track record of successful outcomes in critical use cases, serves as a strong advantage for the company.
With a customer base of 265 clients, the company caters to a diverse range of customers, both domestic and international, operating in the defence and civil sectors. 
The presence of an in-house product development centre empowers the company to design, develop, and engineer its Unmanned Aerial Vehicles (UAVs) according to the specific requirements of its customers.
The company declared a profit in 2022 after reporting losses in 2021 and 2020
The company operates in an industry that is heavily regulated and subject to frequent changes in regulations and rules imposed by the Government of India. Failure to comply with these regulations could have adverse effects on the company's business. 
Any decline in the government budget, reduction in orders, or termination of existing contracts can adversely impact the company's financial condition.
The majority of the company's product sales are dependent on winning bids. Accurately measuring costs and designing and developing trial products for the bidding process is crucial. Failure in these activities may result in loss of tenders, negatively impacting the company's business.
The company heavily relies on global vendors for the supply of components, and reducing dependency on such imports may be challenging.
The company's products are technologically advanced and complex, which increases the risk of unknown defects or errors.
The company faces the risk of hacking or cyber-attacks on its software and solutions, which could adversely affect its business.
Dependence on a single manufacturing facility exposes the company to risks in the manufacturing process. Any slowdown or shutdown in manufacturing operations could adversely affect the company's operations.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹638 - 672₹2 Lakh
Employee₹606 - 640₹2 Lakh
High Networth Individual₹638 - 672₹2 - 5 Lakh
For ideaForge Technology IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹672.00	₹1,300.00	₹628.00 (93.45%)

Bidding Dates	Min. Investment	Lot Size	Price Range
26 Jun ‘23 - 30 Jun ‘23	₹14,036	22	₹638 - ₹672

Issue Size	IPO Doc
567.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹638 - 672	₹2 Lakh
Employee	₹606 - 640	₹2 Lakh
High Networth Individual	₹638 - 672	₹2 - 5 Lakh

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