ideaForge Technology IPO Details

ideaForge Technology IPO Details

Open Date

26 June 2023

29 June 2023

22 shares

Rs. 567.00 Cr

Close Date

Lot Size

IPO Size

Listing At

NSE, BSE

Listing Date

7 July 2023

Price Range

₹ 638 to ₹ 672 per share

ideaForge Technology IPO Specifications

ideaForge Technology IPO Specifications

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.

About - ideaForge Technology  Limited

About - ideaForge Technology  Limited

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.

ideaForge Technology IPO - Objective

ideaForge Technology IPO - Objective

Idea Forge Technology IPO lot size is 22 shares.

ideaForge Technology IPO - Lot Size

ideaForge Technology IPO - Lot Size

The IPO comprises a total issue aggregating up to ₹567.00 Cr

ideaForge Technology IPO - Size

ideaForge Technology IPO - Size

The allotment date of  ideaForge Technology IPO is set for 4th July.

ideaForge Technology  IPO  - Allotment Date

ideaForge Technology  IPO  - Allotment Date

JM Financial Limited and IIFL Securities Ltd are the book runner

ideaForge Technology  IPO - Book Runners

ideaForge Technology  IPO - Book Runners

ideaForge Technology IPO Details Background Image

ideaForge Technology IPO Details Background Image