ideaForge Technology Limited IPO
ideaForge Technology Limited IPO is listed on BSE and NSE, priced at ₹638–₹672 per share. The stock debuted at ₹1300, delivering a listing gain of 93.5%. The IPO had a lot size of ₹22 shares and a minimum investment of ₹14,784.
ideaForge Technology Limited IPO
- IPO Dates
- Jun 26, 2023 – Jun 30, 2023
- Price band
- ₹638-672 per equity share
- Minimum Investment
- ₹14,784
- Issue size
- Total ₹567 Cr : #Fresh Issue : 35,71,429 shares(aggregating up to ₹240.00 Cr) + #OFS : 48,69,712 shares of ₹10(aggregating up to ₹327 Cr)
- Lot size
- 22
- Allotment Date
- Jul 5, 2023
- Listing
- Jul 7, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Jun 26, 2023
Open Date
Completed
-
Jun 30, 2023
Close Date
Completed
-
Jul 5, 2023
Allotment Date
Completed
-
Jul 7, 2023
Listing Date
Completed
Price Summary
- Last closing
- 848.20 (26.22%)
- 52 week high
- 849.35
- 52 week low
- 366.00
- Last update
ideaForge Technology Limited IPO Essentials
ideaForge Technology Limited IPO Details
ideaForge Technology Limited IPO is priced at ₹638-672 per share with a total issue size of Total ₹567 Cr : #Fresh Issue : 35,71,429 shares(aggregating up to ₹240.00 Cr) + #OFS : 48,69,712 shares of ₹10(aggregating up to ₹327 Cr). The IPO has a lot size of 22 shares and is listed on BSE and NSE.
- Issue price
- ₹638-672 per equity share
- Lot size
- 22 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹567 Cr :
#Fresh Issue : 35,71,429 shares(aggregating up to ₹240.00 Cr) +
#OFS : 48,69,712 shares of ₹10(aggregating up to ₹327 Cr) - Listing at
- BSE, NSE
- List price
- 1300.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
JM Financial Limited, IIFL Securities Ltd
ideaForge Technology Limited IPO Analytics
ideaForge Technology Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
ideaForge Technology Limited IPO Subscription Status
ideaForge Technology Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 2,528,596 |
1,264,297
842,864
421,433
|
842,865 | 13,112 | 4,648,870 |
|
Day 1
26-06-23 05:00 PM
|
0.01 x |
5.13x
4.18x
7.03x
|
12.48 x | 8.47 x | 3.69 x |
|
Day 2
27-06-23 05:00 PM
|
1.34 x |
21.59x
18.63x
27.50x
|
36.36 x | 26.26 x | 13.27 x |
|
Day 3
28-06-23 05:00 PM
|
38.62 x |
64.06x
65.87x
60.43x
|
64.84 x | 63.99 x | 50.30 x |
|
Day 4
30-06-23 05:00 PM
|
125.81 x |
80.58x
81.99x
77.75x
|
85.15 x | 96.57 x | 106.05 x |
|
Total No. of Applications
|
category wise applications | ||
|---|---|---|---|
| 25,07,821 (Approx) | 65.49 | ||
ideaForge Technology Limited Valuations
Earnings
- EPS (Post IPO)
- ₹7.68/-
- P/E Ratio
- 87.54
Returns
- RoNW
- 9.85%
ideaForge Technology Limited Financials( In Crs.)
| 30-Sep-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|---|
| Assets | 392.15 | 222.33 | 123.74 | 79.79 |
| Revenue | 143.44 | 161.45 | 36.34 | 16.32 |
| Profit After Tax | 45.21 | 44.01 | -14.63 | -13.45 |
ideaForge Technology Limited Company & Offer Insights
About ideaForge Technology Limited
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 taking off every five minutes for surveillance and mapping on average.
The company has been ranked 7th globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2022
ideaForge Technology Limited Promoter(s)
Mr. Ankit Mehta, Mr. Rahul Singh, Mr. Ashish Bhat are the company's promoters of ideaForge Technology Limited.
ideaForge Technology Limited IPO Issue Objectives
- •
- Repayment/prepayment of certain indebtedness availed by the company
- •
- Funding working capital requirements
- •
- Investment in product development
- •
- General corporate purposes
ideaForge Technology Limited IPO - Anchor Investors
ideaForge Technology raises Rs 254.88 crore via anchor book ahead of IPO.
Marquee investors who participated in the anchor book of the unmanned aircraft system manufacturer include Pinebridge Global Funds, Nomura Funds, Ashoka India Equity Investment Trust Plc, HSBC Mutual Fund, Goldman Sachs Funds and Carmignac Portfolio.
Among others, Tata AIA General Insurance Company, ICICI Prudential Mutual Fund, Invesco India, Axis Mutual Fund, HDFC Mutual Fund, Nippon Life India, Aditya Birla Sun Life Trustee, Quant Mutual Fund and Max Life Insurance also invested in the company via anchor book.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
ideaForge Technology Limited IPO is a book-built IPO worth ₹Total ₹567 Cr : #Fresh Issue : 35,71,429 shares(aggregating up to ₹240.00 Cr) + #OFS : 48,69,712 shares of ₹10(aggregating up to ₹327 Cr). The price band is ₹638–₹672 per share. The IPO opens on Jun 26, 2023 and closes on Jun 30, 2023. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of ideaForge Technology Limited IPO is ₹638 to ₹672 per share.
The lot size of ideaForge Technology Limited IPO is 22 shares.
The minimum investment for ideaForge Technology Limited IPO is approximately ₹14,784 based on the upper price band .
ideaForge Technology Limited IPO opens on Jun 26, 2023 and closes on Jun 30, 2023.
The allotment date of ideaForge Technology Limited IPO is Jul 5, 2023.
ideaForge Technology Limited IPO is expected to be listed on Jul 7, 2023, on BSE and NSE .
ideaForge Technology Limited IPO listed on Jul 7, 2023. It was issued at ₹1300.0(NSE) and is currently around ₹848.20 as on 14-May-2026 3:30 PM, which is approximately 26.2% versus issue price. The 52-week high is ₹849.35.
Based on listing and post-listing performance, ideaForge Technology Limited IPO delivered around 26.2% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy ideaForge Technology Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
ideaForge Technology Limited IPO valuation snapshot: P/E 87.54, EPS ₹7.68/-, P/B N/A, RoNW 9.85%, and market cap N/A.
To apply for ideaForge Technology Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of ideaForge Technology Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for ideaForge Technology Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check ideaForge Technology Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the ideaForge Technology Limited IPO allotment status on IPO Ji for quick and easy access.