247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

ideaForge Technology Limited IPO (ideaForge Technology IPO) Details

ideaForge Technology Limited is an Drone based company, located in Mumbai, ideaForge Technology Limited IPO size was 567.29 Cr. and was issued at 672.00 per share. The share of ideaForge Technology Limited were listed at 1295.50 per share and are currently trading at 580.95 per share.

Type :
Sub Sector : Unmanned Aircraft System
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
196.40 Cr.

PAT :
31.99 Cr.

Pricing Report

Issue Price :
672.00

Listing Price :
1295.50

Current Market Price :
580.95

Issue Price vs CMP :
91.05 (13.55%)

listing Price vs CMP :
714.55 (55.16%)

Performance Report (CAGR* wise)

CAGR : -8.99
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About ideaForge Technology

Company Information
ideaForge Technology Limited is the pioneer and pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market, holding a market share of approximately 50% in Fiscal 2022 (Source: 1Lattice Report). It had the largest operational deployment of indigenous UAVs across India, with an ideaForge manufactured drone taking off every five minutes on average for surveillance and mapping during the nine months ended December 31, 2022 (Source: 1Lattice Report). As of December 31, 2022, its customers had completed over 300,000 flights using the company
Object of Issue
  • Repayment/prepayment of certain indebtedness availed by the company
  • Funding working capital requirements,
  • Investment in product development, and
  • General Corporate Purposes

ideaForge Technology MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Jul, 2023
IPO Size :
567.29 Cr.
Market Cap :
2800.20 Cr.   
IPO Subscription :
106.06 X     
PE Multiple :
3.81
Merchant Banker :
Iifl Securities Limited
IPO Registrar:
Link Intime India Private Limited

Thinking of
Listing Your Business through
SME IPO?

We can Help!

Contact Us Today

See Other MainBoard IPOs in Mumbai

Abans Holdings Limited

  financial service arm of the well-diversified Abans group

  Mumbai



Advanced Enzyme Technologies Limited

  research and development manufacturing and marketing of healthcare products

  Mumbai


Peer Companies Of This Sector

FAQs

ideaForge Technology operates in Drone and Unmanned Aircraft System. The Issue is listed on MainBoard in Jul, 2023. ideaForge Technology IPO size was 567.29 Cr. with Issue price of 672.00 .

Merchant Banker(s) of ideaForge Technology IPO: Iifl Securities Limited , Jm Financial Limited

ideaForge Technology IPO subscription was 106.06 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

ideaForge Technology IPO listed at a listing price of 1295.50 against the offer price of 672.00.

The current market price of ideaForge Technology is 580.95.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency