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.
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
Trending IPOs
14 Jan - 19 Jan'26 | |||||||||
16 Jan - 20 Jan'26 | |||||||||
20 Jan - 22 Jan'26 | |||||||||
20 Jan - 22 Jan'26 | |||||||||
19 Jan - 21 Jan'26 | |||||||||
Trending IPOs
14 Jan - 19 Jan'26 | |||||||||
16 Jan - 20 Jan'26 | |||||||||
20 Jan - 22 Jan'26 | |||||||||
20 Jan - 22 Jan'26 | |||||||||
19 Jan - 21 Jan'26 | |||||||||