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IdeaForge Technology IPO Date, Price, GMP, Review, Details

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.

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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