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.
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 intends to utilize the net proceeds from the issue towards the funding of the following objects:
| IPO Opening Date | Jun 26, 2023 |
|---|---|
| IPO Closing Date | Jun 30, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹638 to ₹672 per share |
| Market Lot | 22 Shares |
| Min Order Quantity | 22 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] shares (aggregating up to ₹567.24 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹240.00 Cr) |
| Offer for Sale | 4,869,712 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Share holding pre issue | 38,098,559 |
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 10.00% of the Offer |
| Basis of Allotment Date | 4 July 2023 |
|---|---|
| Initiation of Refunds | 5 July 2023 |
| Credit of Shares to Demat Account | 6 July 2023 |
| IPO Listing Date | 7 July 2023 |
ideaForge Technology IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹567.24 Crores. The issue is priced at ₹638 to ₹672 per share. The minimum order quantity is 22 Shares.
The IPO opens on Jun 26, 2023, and closes on Jun 30, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The ideaForge Technology IPO opens on Jun 26, 2023 and closes on Jun 30, 2023.
ideaForge Technology IPO lot size is 22 Shares.
You can apply in ideaForge Technology IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for ideaForge Technology IPO will be done on Tuesday, 4 July 2023, and the allotted shares will be credited to your demat account by Thursday, 6 July 2023.
Check the IPO allotment status.
The ideaForge Technology IPO listing date is 7 July 2023.
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Demat Account and Pan card.
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select the ideaForge Technology IPO
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Place your number of bids
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A UPI mandate is sent to your
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