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Open
26 Jun 2023
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Close
30 Jun 2023
3
Allotment
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Listing
Fri, Jul 7, 2023
Price Band
₹638 to ₹672
Issue Size
84,41,764 shares (agg. up to ₹567 Cr)
Lot Size
22 Shares
Listing Date
Fri, Jul 7, 2023
Latest GMP
₹525
Est. Gain
78.12%
✦ AI Insight
GMP Trend
07-07-2023₹525Est. ₹1197+78.12%
06-07-2023₹540Est. ₹1212+80.36%
05-07-2023₹520Est. ₹1192+77.38%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 58.23x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 487.93 | 222.33 | 123.74 | 79.79 |
| Total Income | 196.40 | 161.45 | 36.34 | 16.32 |
| Profit After Tax | 31.99 | 44.01 | -14.63 | -13.45 |
| NET Worth | 324.72 | 163.30 | 59.63 | 68.12 |
| Reserves and Surplus | 110.28 | 59.63 | 68.05 | |
| Total Borrowing | 86.50 | 5.68 | 50.57 | 5.30 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| DCX Systems Ltd. | Mainboard | ₹500.00 Cr | ₹207 | 90 | ₹308.80 | +49.18% | ₹187.36 (-1.78%) |
| CFF Fluid Control Ltd. | SME | ₹85.80 Cr | ₹165 | 30.22 | ₹183.75 | +11.36% | ₹917.60 (+0.80%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment of certain indebtedness availed by our Company; | 50.00 |
| 2 | Funding working capital gap | 135.00 |
| 3 | Investment in product development; and | 40.00 |
| 4 | General corporate purposes | 0.16 |
About ideaForge Technology IPO
Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS). The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications. ideaForge UAVs help construction and real estate boost their operations. They also assist defense forces in conducting Intelligence, Surveillance, and Reconnaissance (ISR) operations along borders. ideaForge has two main software, namely: BlueFire Live!: It enables secure and live streaming of the UAV video feed and also allows payload control from a remote command location. BlueFire Touch: BlueFire Touch is a Ground Control Software (GCS). It is built to plan and command both mapping and surveillance missions with the ability to pre-plan missions based on operational area and target locations via waypoint-based navigation. The company is a market leader in the Indian Unmanned Aircraft Systems ("UAS") market with a market share of approximately 50% in fiscal 2022. It has the largest operational deployment of indigenous UAVs across India, with an ideaForge-manufactured drone tak
Contact Details
ideaForge Technology Ltd. AddressEL-146 TTC Industrial AreaElectronic Zone, MIDC MahapeNavi Mumbai, Maharashtra, 400710+91 84476 12778business@ideaforgetech.comVisit Website