The IdeaForge Technology has begun on 26-June-2023. It will close on 30-June-2023. The Total IPO Size is 567 Crore. The company set its IPO price is 638-672 Rs Per Share. Basically, there are three basic categories in IdeaForge Technology IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Retail Shares.
IdeaForge Technology is established in 2007.
IdeaForge Technologyis a engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).
They ranked 7th globally in the dual-use category (civil and defence) drone manufacturers as per the report published by Drone Industry Insights in December 2022.
They primarily cater to customers with applications for surveillance, mapping and surveying. Their manufacturing facility located at Navi Mumbai, Maharashtra.
IdeaForge Technology IPO Promotor/ Investor Shareholding
| Name of the Promoter | No. of Shares held | Percentage of total Shareholding | Average cost of Acquisition |
| Ankit Mehta | 3,686,964 | 9.93% | 0.99 |
| Rahul Singh | 3,547,070 | 9.55% | 1.16 |
| Ashish Bhat | 3,583,230 | 9.65% | 0.04 |
| Total | 10,817,264 | 29.13% | – |
IdeaForge Technology IPO Date, Details & Price Band
The IdeaForge Technology IPO Price Band, IPO Dates, Market lot and other details mention in be below table.
| IPO Opening Dates | 26-June-2023 |
| IPO Closing Dates | 30-June-2023 |
| Price Band | 638-672 Rs |
| Offer For Sale | 4,869,712 Shares |
| Fresh issue | 240 Crore |
| Total IPO size | 567 Crore |
| Minimum bid (lot size) | 22 Shares |
| Face Value | 10 INR Per Share |
| Issue Type | Book Built Issue IPO |
| QIB Allocation | 75% |
| HNI Allocation | 15% |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
IdeaForge Technology IPO Market Lot
The IdeaForge Technology IPO minimum market lot is 22 shares With 14,784 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 22 | 14,784 ₹ |
| Retail Maximum | 13 | 286 | 1,92,192 ₹ |
| S-HNI Minimum | 14 | 308 | 2,06,976 ₹ |
| S-HNI Maximum | 67 | 1,474 | 9,90,528 ₹ |
| B-HNI Maximum | 68 | 1,496 | 1,005,312 ₹ |
Restated Financial Record of the three year (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-22 | 222.33 | 161.45 | 44.01 |
| 31-Mar-21 | 123.74 | 36.34 | -14.63 |
| 31-Mar-20 | 79.79 | 16.32 | -13.45 |
Industry Peers
| Name of the Company | EPS | PE | NAV | FV |
| ideaForge Technology Limited | 13.84 | N/A | 51.36 | 10 |
| MTR Technologies Limited. | 19.79 | 82.73 | 168.97 | 10 |
| Data Patterns India Limited | 19.48 | 66.32 | 119.08 | 2 |
| Astra Microwave Products | 4.37 | 59.02 | 67.61 | 2 |
IdeaForge Technology IPO GMP & Grey Market Premium
IdeaForge Technology IPO GMP Grey market premium has been started today. Check Latest IdeaForge Technology IPO GMP, Kostak Rates and Subject to Sauda Price here.
IdeaForge Technology IPO Prospectus
IdeaForge Technology IPO Prospectus Available on BSE and Sebi Website as well as on our Portal. Please click here to Download IdeaForge Technology IPO Prospectus.
| DRHP | Download |
| RHP | Download |
IdeaForge Technology IPO Reviews
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IdeaForge Technology IPO Form Download
IdeaForge Technology IPO form Available on NSE, BSE Website as well as on our Portal. Please click here to Download IdeaForge Technology IPO forms.
IdeaForge Technology IPO Allotment Date & Details
| Allotment Date | 05 July 2023 |
| Initiation of refunds | 06 July 2023 |
| Transfer of shares to Demat accounts | 06 July 2023 |
| Listing Date | 07 July 2023 |
| Check Allotment Status | Click here |
Registrar of IdeaForge Technology
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Website: www.linkintime.co.in
Investor grievance e-mail: [email protected]
Contact person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
IdeaForge Technology Contact Details
ideaForge Technology Limited
EL-146 TTC Industrial Area,
Electronic Zone, MIDC Mahape,
Navi Mumbai – 400 710
Phone: +91 84476 12778
Email: [email protected]
Website: https://ideaforgetech.com/
IdeaForge Technology IPO Lead Managers
IIFL Securities Limited
10th Floor, IIFL Centre, Kamala City, Senapati Bapat Marg, Lower
Parel (West), Mumbai 400 013
Maharashtra, India
Tel: +91 22 4646 4728
E-mail : [email protected]
Investor grievance e-mail: [email protected]
Contact person: Pawan Jain/ Shirish Chikalge
Website: www.iiflcap.com
SEBI Registration No.: INM000010940e
JM Financial Limited
7th Floor, Cnergy, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Maharashtra, India
Tel.: +91 22 6630 3030
E-mail: [email protected]
Investor grievance email: [email protected]
Contact person: Prachee Dhuri
Website: www.jmfl.com
SEBI Registration No.: INM000010361