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 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 IPO Details
ideaForge Technology IPO is a Book Built Issue. The IPO total issue size is Rs 567.29 Cr. The ideaForge Technology IPO price is ₹638 to ₹672 per share. The IPO will list on BSE, NSE.
ideaForge Technology IPO Reservation
ideaForge Technology IPO a total of 4,648,870 shares are offered. QIB: 2,528,596 (54.39%), RII: 842,865 (18.13%), NII: 1,264,297 (27.20%).
ideaForge Technology IPO Timetable (Tentative)
ideaForge Technology IPO opens on Jun 26, 2023, and closes on Jun 30, 2023.
ideaForge Technology IPO Lot Size
The minimum lot size of this ideaForge Technology IPO is 22 shares required is ₹14,784.
ideaForge Technology IPO Promoter Holding
The promoters of the company are Mr. Ankit Mehta, Mr. Rahul Singh, and Mr. Ashish Bhat.
Company Financials
Key Performance Indicator
ideaForge Technology IPO Market Cap is Rs 2800.2 Cr and P/E (x) is 87.5.
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