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ideaForge Technology Ltd.

ideaForge Technology Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹672
₹672
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹672
Based on GMP
Min. Investment
₹14,784
1 lot × 22 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
26 Jun 2023
Close Date
30 Jun 2023
Allotment
05 Jul 2023
Listing Date
07 Jul 2023
Exchange
NSE & BSE
Price Band
₹672
Listing Price
See chart
Allotment Status
Price Band
₹672
Per share
Face Value
₹10 per share
 
Lot Size
22 Shares
per lot
Issue Size
84,41,764 shares (aggregating up to ₹567.24 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,784
1 lot
Post-IPO Holding
4,16,70,611 shares
Promoters
P/E (Pre)
87.5x
 
EPS (Pre)
₹8.12
 
UPI Deadline
2023-06-30
Mandate
Anchor AllotmentFri, 23 Jun 2023
Basis of AllotmentWed, 05 Jul 2023
Refund InitiationThu, 06 Jul 2023
Demat CreditFri, 07 Jul 2023
Listing DayFri, 07 Jul 2023
UPI Mandate Deadline2023-06-30
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares35,72,052 shares (aggregating up to ₹240.02 Cr)
Offer for Sale48,69,712 shares of ₹10 (aggregating up to ₹327.22 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
ideaForge Technology Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Jun 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
8,441,764
100% ₹567.29
IPO Shares Offered
ideaForge Technology Ltd. IPO total issue size: ₹567.29 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 8,441,764 ₹567.29
100.00%
* Based on upper price band ₹672 per share
Lot Size & Investment
Lot Size
22
Shares per Lot
Issue Price
₹672.00
Upper Band
Min Investment
₹14,784
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)244₹29,568
Retail (Max — 13 Lots)13286₹192,192
S-HNI (Min — 14 Lots)14308₹206,976
B-HNI (Min — 68 Lots)681,496₹1,005,312
* Issue Price ₹672 × Lot Size 22 shares
IPO Schedule
Anchor
23 Jun 2023
✓ Done
IPO Open
26 Jun 2023
✓ Done
IPO Close
30 Jun 2023
✓ Done
Allotment
05 Jul 2023
✓ Done
Refunds
06 Jul 2023
✓ Done
Demat Credit
07 Jul 2023
✓ Done
Listing Day
07 Jul 2023
✓ Done
ideaForge Technology Ltd. — Live Price LIVE
₹672.00
INR · BSE
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Issue ₹672.00 Live Price
About ideaForge Technology Ltd.
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.
Objects of the Issue
1
1 Repayment/prepayment of certain indebtedness availed by our Company;
2
2 Funding working capital gap
3
3 Investment in product development; and
4
4 General corporate purposes
ideaForge Technology Ltd. Financials (Amount in Crore)
Revenue from Operations
₹161.5
31-Mar-22
₹36.3
31-Mar-21
₹16.3
31-Mar-20
Profit After Tax (PAT)
₹44.0
31-Mar-22
-₹14.6
31-Mar-21
-₹13.5
31-Mar-20
Particulars31-Mar-2031-Mar-2131-Mar-22
Revenue from Operations 16.32 36.34 161.45
EBITDA N/A N/A N/A
Profit After Tax (PAT) -13.45 -14.63 44.01
Net Worth 68.12 59.63 163.30
Total Assets 79.79 123.74 222.33
Reserves & Surplus 68.05 59.63 110.28
Borrowings 5.30 50.57 5.68
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
13.11%
RoCE
12.51%
RoNW
9.85%
Debt/Equity
0.27
Issue Structure & Shareholding
Total Shares Offered84,41,764 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter HoldingN/A
Post-Issue Promoter Holding4,16,70,611 shares
P/BV RatioN/A
RoE13.11%
RoCE12.51%
Debt / Equity0.27
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
JM Financial Ltd.
IIFL Capital Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much ideaForge Technology Ltd. IPO subscribed?

ideaForge Technology Ltd. IPO is subscribed 1.00 times by Jun 30, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is ideaForge Technology Ltd. IPO retail subscription status?

The ideaForge Technology Ltd. IPO retail category is subscribed 1.00 times as of 30 Jun 2023. The retail portion is oversubscribed.

How to subscribe ideaForge Technology Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 26 Jun 2023 and closes 30 Jun 2023. Min investment: ₹14,784 (1 lot = 22 shares). UPI mandate: 2023-06-30.

How many times ideaForge Technology Ltd. IPO subscribed?

The ideaForge Technology Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check ideaForge Technology Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Jul 2023. Refunds: on 06 Jul 2023.

When ideaForge Technology Ltd. IPO will be listed?

The ideaForge Technology Ltd. IPO listing date is 07 Jul 2023, Friday. Listed on: NSE & BSE. Issue price: ₹672. Estimated listing: ₹672. GMP: NIL.

When ideaForge Technology Ltd. IPO close?

The ideaForge Technology Ltd. IPO closes on 30 Jun 2023, Friday. UPI mandate: 2023-06-30. Allotment: 05 Jul 2023. Listing: 07 Jul 2023.