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IDEAFORGEEQ / NSE, BSEListed
ideaForge Technology

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.

DRHPanchor
₹638 - ₹672106.05x sub
Listed Price₹1300.00
Listing Gain+93.45%

IPO Schedule & Timeline

Book Built Issue IPO
Open26 Jun 2023
Close30 Jun 2023
Allotment05 Jul 2023
Listing07 Jul 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB63,21,490 shares
74.88%
Nii (hni)12,64,297 shares
14.98%
Retail8,42,865 shares
9.98%
Employee13,112 shares
0.16%

Minimum Application Lots

Retail1 Lot (22 shares)
₹14,784
sHNI14 Lots (308 shares)
₹2,06,976
bHNI68 Lots (1,496 shares)
₹10,05,312

Company Promoters

Mr. Ankit MehtaMr. Rahul SinghMr. Ashish Bhat

Company Background

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 mapp...

Lead Managers & Bankers

Jm Financial LimitedIIFL Capital Services Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2020)₹16.32 Cr
Growth-91.7%
Revenue Trend (₹ in Crores)
0.075.3150.6225.9Mar 2023Mar 2022Mar 2021Mar 2020
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 202016.32-13.4579.795.30
Mar 202136.34-14.63123.7450.57
Mar 2022161.4544.01222.335.68
Mar 2023196.4031.99487.9386.50

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values8.1213.11%12.51%87.50

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
05 Jul 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
07 Jul 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for ideaForge Technology. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization05 Jul 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date07 Jul 2023Trading commences on exchange

How to Check ideaForge Technology Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select ideaForge Technology from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About ideaForge Technology IPO

Complete issue overview for ideaForge Technology (IDEAFORGE) IPO. The issue features an equity share price band of ₹638 – ₹672 per share with a minimum retail lot size of 22 Shares (minimum application amount of ₹14,784). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions