ideaForge Technology Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹638 - ₹672
- Lot size
- 22 shares
- Issue amount
- ₹567.29 cr
- Total subscription
- 106.05×
- Opens
- 26 Jun 2023
- Closes
- 30 Jun 2023
- Allotment
- 5 Jul 2023
- Listing
- 7 Jul 2023
Offer at a glance
Issue overview
- Issue size
- 84,41,764 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,036
- Fresh issue
- ₹240 cr
- Offer for sale
- ₹327.25 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,784
- Issue type
- Book Built Issue IPO
- Shares before issue
- 0
- Shares after issue
- 4,16,70,611
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 22 | ₹14,784 |
| sHNI | 14 | 308 | ₹2,06,976 |
| bHNI | 68 | 1,496 | ₹10,05,312 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 169.92 | 21,377.08 |
| RETAIL | 56.64 | 4,823.54 |
| HNIs 2+ | 28.32 | 2,201.9 |
| HNIs 10+ | 56.64 | 4,644.02 |
| EMPLOYEES | 0.88 | 85.11 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 8.12 |
| ROE | 13.11 |
| ROCE | 12.51 |
| RONW | 9.85 |
| PRE IPO(PE) | 87.5 |
| POST IPO(PE) | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
ideaForge Technology Limited, incorporated in 2007, is a leading Indian manufacturer of Unmanned Aircraft Systems (UAS) with a market share of approximately 50% in fiscal 2022. The company has the largest operational deployment of indigenous UAVs in India, with an ideaForge-manufactured drone taking off every five minutes on average for surveillance and mapping. Globally, it is ranked 7th in the dual-use (civil and defense) drone manufacturing category, according to Drone Industry Insights’ December 2022 report.
Promoters
Mr. Ankit Mehta
Mr. Rahul Singh
Mr. Ashish Bhat
Registrar & documents
Lead manager
Jm Financial Limited, IIFL Capital Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
EL-146 TTC Industrial Area, Electronic Zone, MIDC Mahape, Navi Mumbai – 400 710
+91 84476 12778
[email protected]Company website ↗Understanding IDEAFORGE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.