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ideaForge Technology IPO IPO

Mainline26 Jun 202330 Jun 2023
Open
26 Jun 2023
Close
30 Jun 2023
3
Allotment
Listing
Fri, Jul 7, 2023
Price Band
₹638 to ₹672
Issue Size
84,41,764 shares (agg. up to ₹567 Cr)
Lot Size
22 Shares
Listing Date
Fri, Jul 7, 2023
Latest GMP
₹525
Est. Gain
78.12%
✦ AI Insight

GMP Trend

07-07-2023525Est. ₹1197+78.12%
06-07-2023540Est. ₹1212+80.36%
05-07-2023520Est. ₹1192+77.38%

Live Subscription

CategorySubscription (times)
Total58.23x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets487.93222.33123.7479.79
Total Income196.40161.4536.3416.32
Profit After Tax31.9944.01-14.63-13.45
NET Worth324.72163.3059.6368.12
Reserves and Surplus110.2859.6368.05
Total Borrowing86.505.6850.575.30
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
DCX Systems Ltd.Mainboard₹500.00 Cr₹20790₹308.80+49.18%₹187.36 (-1.78%)
CFF Fluid Control Ltd.SME₹85.80 Cr₹16530.22₹183.75+11.36%₹917.60 (+0.80%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Repayment/prepayment of certain indebtedness availed by our Company;50.00
2Funding working capital gap135.00
3Investment in product development; and40.00
4General corporate purposes0.16

About ideaForge Technology IPO

Incorporated in 2007, 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 tak

Contact Details

ideaForge Technology Ltd. AddressEL-146 TTC Industrial AreaElectronic Zone, MIDC MahapeNavi Mumbai, Maharashtra, 400710+91 84476 12778business@ideaforgetech.comVisit Website