ideaForge Technology Limited IPO (ideaForge Technology IPO)


ideaForge IPO(BSE, NSE)

IPO: Pioneering the Sky with Drone Innovation


Introduction:

Ideaforge, a leading Indian drone technology company, is making headlines with its highly anticipated initial public offering (IPO). As an industry pioneer, Ideaforge has established itself as a key player in the rapidly growing drone market, driven by cutting-edge technology and a strong focus on innovation. With its IPO, Ideaforge aims to raise capital to fuel its ambitious growth plans and further solidify its position as a frontrunner in the drone industry. This article explores Ideaforge's journey, its revolutionary technology, and the potential impact of its IPO on the company and the drone sector as a whole.  

ideaForge Technology IPO Details

IPO DateJun 26, 2023 to Jun 29, 2023
Listing DateFriday, 7 July 2023
Face Value₹10 per share
Price₹638 to ₹672 per share
Lot Size22 Shares
Total Issue Sizeup to ₹567.00 Cr
Fresh Issueup to ₹240.00 Cr
Offer for Sale4,869,712 shares of ₹10
(aggregating up to ₹[.] Cr)
Employee DiscountRs 32 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue38,098,559

EventTentative Date
Opening DateMonday, 26 June 2023
Closing DateThursday, 29 June 2023
Basis of AllotmentTuesday, 4 July 2023
Initiation of RefundsWednesday, 5 July 2023
Credit of Shares to DematThursday, 6 July 2023
Listing DateFriday, 7 July 2023
Cut-off time for UPI mandate confirmation5 PM on Jun 29, 2023


ideaForge Technology IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)122₹14,784
Retail (Max)13286₹192,192
S-HNI (Min)14308₹206,976
S-HNI (Max)671,474₹990,528
B-HNI (Min)681,496₹1,005,312

Ideaforge's Rise to Prominence:

Founded in 2007, Ideaforge has come a long way in the drone industry. The company's mission is to transform industries and society through the power of unmanned aerial systems (UAS). Ideaforge has consistently pushed the boundaries of drone technology, providing solutions across various sectors, including defense, security, surveillance, and industrial inspections.

The company's rise to prominence can be attributed to its relentless pursuit of innovation. Ideaforge has developed advanced drones capable of autonomous flight, extended endurance, and reliable data capture, making it a trusted partner for government agencies, defense organizations, and commercial enterprises. Leveraging its expertise, Ideaforge has secured several high-profile contracts and collaborations, further bolstering its reputation in the market. 

Company Financials :

ideaForge Technology Limited Financial Information (Restated Consolidated)

(IN CR)





Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2079.7916.32-13.4568.1268.055.3
31-Mar-21123.7436.34-14.6359.6359.6350.57
31-Mar-22222.33161.4544.01163.3110.285.68
31-Mar-23487.93196.431.99324.72
86.5


Key Performance Indicator

KPIValues
P/E (x)87.54
Market Cap (₹ Cr.)2800.2
ROE13.11%
ROCE12.51%
EPS (Rs)7.6
RoNW9.83%


Revolutionary Technology:

Ideaforge's success is rooted in its state-of-the-art drone technology. The company has developed a range of innovative unmanned aerial platforms, designed to meet diverse industry needs. These drones incorporate cutting-edge features such as advanced sensors, robust communication systems, and intelligent software algorithms for data analysis.

One of Ideaforge's flagship products is the NETRAVAT, a long-endurance quadcopter drone specifically designed for surveillance and reconnaissance missions. With its exceptional endurance and stability, the NETRAVAT enables real-time situational awareness, making it a vital asset for defense and security forces. Ideaforge's other drones, like the SWITCH, provide efficient industrial inspection capabilities, enabling companies to conduct aerial inspections of infrastructure, power plants, and more, with enhanced speed and accuracy.

The Impact of the IPO:

The Ideaforge IPO signifies a major milestone for the company, as it seeks to tap into the financial markets for capital infusion. The funds raised through the IPO will be instrumental in driving Ideaforge's expansion plans, including research and development initiatives, global market penetration, and strategic acquisitions.

Moreover, the IPO will also bring heightened visibility to Ideaforge, attracting investor attention and potentially increasing its market value. This influx of capital and market confidence can open up new opportunities for the company to explore emerging technologies, expand its product portfolio, and strengthen its market presence.

Furthermore, Ideaforge's IPO could have a positive impact on the overall drone industry. The increased market capitalization and visibility of the company may attract more investors and entrepreneurs to the sector, fostering innovation and driving the adoption of drone technology across various industries. Additionally, Ideaforge's success in the IPO may inspire other drone companies to follow suit, leading to a more vibrant and competitive market landscape.

Conclusion:

Ideaforge's upcoming IPO marks a significant moment for the company and the drone industry at large. As a trailblazer in drone technology, Ideaforge has consistently demonstrated its commitment to innovation and has become a trusted partner for critical applications in defense, security, and industry. The IPO will serve as a catalyst for Ideaforge's growth, enabling the company to leverage additional capital and expand its market reach.

With its revolutionary technology and ambitious vision, Ideaforge is poised to shape the future of the drone industry. As the company embarks on this new chapter, the possibilities for drone innovation and its potential impacUser t za`on various sectors are boundless. The IPO will not only provide Ideaforge with the financial resources to fuel its growth but also elevate its profile and attract strategic partnerships and collaborations.

One area where Ideaforge's IPO could have a profound impact is in the defense and security sector. Drones have revolutionized surveillance and reconnaissance operations, providing real-time intelligence and enhancing situational awareness. With its advanced drone technology, Ideaforge has already established itself as a key player in this field. The IPO will enable the company to further invest in research and development, expanding its product offerings and capabilities. This could lead to even more sophisticated drones tailored to meet the evolving needs of defense and security forces, bolstering national security efforts.

The industrial sector is another area where Ideaforge's IPO could have far-reaching effects. Drones have proven to be invaluable tools for conducting inspections of critical infrastructure, such as power plants, oil refineries, and pipelines. By utilizing drones, companies can reduce inspection costs, improve safety, and minimize downtime. With the infusion of capital from the IPO, Ideaforge can continue to enhance its industrial drone solutions, incorporating advanced sensors, improved data analytics, and automation features. This will empower industries to conduct more efficient and accurate inspections, ultimately leading to increased productivity and cost savings.

Furthermore, Ideaforge's IPO could stimulate the development of ancillary industries and services surrounding the drone ecosystem. As the company expands its market presence, there will be a growing demand for drone operators, maintenance and repair services, data analysts, and software developers specializing in drone applications. This will create employment opportunities and drive innovation in related fields, contributing to economic growth and technological advancement.

It's worth noting that Ideaforge's IPO comes at a time when drones are becoming increasingly integrated into mainstream society. From package delivery and agriculture to disaster management and environmental monitoring, drones are revolutionizing a wide range of industries. With Ideaforge's continued focus on innovation and its strengthened financial position through the IPO, the company is well-positioned to capitalize on the expanding market opportunities and shape the future of the drone industry.

In conclusion, Ideaforge's IPO represents a significant milestone not only for the company but also for the drone industry as a whole. With its pioneering technology, strong track record, and ambitious growth plans, Ideaforge is poised to make a lasting impact across various sectors. The IPO will provide the company with the necessary resources to further advance its technological capabilities, expand its market reach, and drive innovation. As Ideaforge takes flight on the wings of its IPO, it is poised to soar to new heights, propelling the drone industry into a future filled with endless possibilities.

 



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