26 June 2023
29 June 2023
Rs. 567.00 Cr
7 July 2023
₹ 638 to ₹ 672 per share
ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS). 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.
Objective of the ideaForge Technology IPO: The company intends to utilize the net proceeds from the issue towards the funding of the following objects: 1. Repayment/prepayment of certain indebtedness availed by the company; 2. Funding working capital requirements, 3. Investment in product development, and 4. General corporate purposes.
Idea Forge Technology IPO lot size is 22 shares.
The IPO comprises a total issue aggregating up to ₹567.00 Cr
The allotment date of ideaForge Technology IPO is set for 4th July.
JM Financial Limited and IIFL Securities Ltd are the book runner