ideaForge Technology Limited is a leading manufacturer of Unmanned Aircraft Systems (UAS) in India, serving sectors like construction, real estate, and defense. Founded in 2007, the company has established a significant market presence.
Overview
IPO Details
- Issue Size: ₹567.29 Cr
- Price Band: ₹638 – ₹672 per share
- IPO Dates: June 26, 2023 – June 30, 2023
- Listing Date: July 7, 2023
- Face Value: ₹10 per share
- Minimum Lot Size: 22 Shares
- Listing: BSE, NSE
Share Distribution
- Fresh Issue: ₹240.00 Cr (3,572,052 shares)
- Offer for Sale: ₹327.25 Cr (4,869,712 shares)
IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | June 26, 2023 |
| IPO Close Date | June 30, 2023 |
| Basis of Allotment | July 5, 2023 |
| Initiation of Refunds | July 6, 2023 |
| Credit of Shares to Demat | July 7, 2023 |
| Listing Date | July 7, 2023 |
Reservation Details
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| QIB | 2,528,596 | 54.39% |
| NII (HNI) | 1,264,297 | 27.20% |
| Retail | 842,865 | 18.13% |
| Employee | 13,112 | 0.28% |
| Total | 4,648,870 | 100% |
Lot Size
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 22 | 14,784 |
| Retail (Max) | 13 | 286 | 192,192 |
| sNII (Min) | 14 | 308 | 206,976 |
| sNII (Max) | 67 | 1,474 | 990,528 |
| bNII (Min) | 68 | 1,496 | 1,005,312 |
Promoter Holding
| Details | Pre-Issue (%) | Post-Issue (%) |
|---|---|---|
| Promoter Holding | 33.37% | 30.19% |
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ideaForge Technology Limited IPO Review
Financials
ideaForge Technology Limited Financial Information (Restated Consolidated)
| Period Ended | Total Assets (₹ Cr) | Total Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Reserves and Surplus (₹ Cr) | Total Borrowing (₹ Cr) |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 79.79 | 16.32 | -13.45 | 68.12 | 68.05 | 5.30 |
| 31-Mar-21 | 123.74 | 36.34 | -14.63 | 59.63 | 59.63 | 50.57 |
| 31-Mar-22 | 222.33 | 161.45 | 44.01 | 163.30 | 110.28 | 5.68 |
| 31-Mar-23 | 487.93 | 196.40 | 31.99 | 324.72 | 86.50 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 13.11% |
| ROCE | 12.51% |
| Debt/Equity | 0.27 |
| RoNW | 9.85% |
| Market Cap | ₹2800.2 Cr |
Pre IPO and Post IPO Metrics
| Metric | Value |
|---|---|
| EPS (Rs) | 8.12 |
| P/E (x) | 87.5 |
Subscription Status (June 30, 2023)
| Category | Subscription (times) |
|---|---|
| QIB | 125.81 |
| NII | 80.58 |
| bNII (bids above ₹10L) | 81.99 |
| sNII (bids below ₹10L) | 77.77 |
| Retail | 85.20 |
| Employee | 96.65 |
| Total | 106.06 |
| Total Applications | 2,509,004 (65.49 times) |
Listing Details
| Detail | Information |
|---|---|
| Listing Date | July 7, 2023 |
| BSE Script Code | 543932 |
| NSE Symbol | IDEAFORGE |
| ISIN | INE349Y01013 |
| Final Issue Price | ₹672 per share |
Listing Day Trading Information
| Exchange | Final Issue Price (₹) | Open (₹) | Low (₹) | High (₹) | Last Trade (₹) |
|---|---|---|---|---|---|
| BSE | 672.00 | 1,305.10 | 1,257.80 | 1,344.00 | 1,295.50 |
| NSE | 672.00 | 1,300.00 | 1,260.00 | 1,343.95 | 1,294.95 |
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Use of Proceeds
- Repayment/prepayment of certain indebtedness.
- Funding working capital requirements.
- Investment in product development.
- General corporate purposes.
Ideaforge Technology Limited Stock Quote & Charts
Company Overview
ideaForge Technology Limited, incorporated in 2007, manufactures Unmanned Aircraft Systems (UAS) used for Mapping, Security, and Surveillance. The company is a market leader in the Indian UAS market with approximately 50% market share in fiscal 2022. ideaForge UAVs support various industries including construction, real estate, and defense forces.
Key Software Products
- BlueFire Live!: Secure live streaming and remote control of UAV video feed.
- BlueFire Touch: Ground Control Software for planning and executing mapping and surveillance missions.
Financial Information (₹ Crore)
| Period Ending | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 79.79 | 16.32 | -13.45 | 68.12 | 68.05 | 5.30 |
| 31-Mar-21 | 123.74 | 36.34 | -14.63 | 59.63 | 59.63 | 50.57 |
| 31-Mar-22 | 222.33 | 161.45 | 44.01 | 163.30 | 110.28 | 5.68 |
| 31-Mar-23 | 487.93 | 196.40 | 31.99 | 324.72 | 86.50 | 0.00 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 13.11% |
| ROCE | 12.51% |
| Debt/Equity | 0.27 |
| RoNW | 9.85% |
| Market Cap | ₹2800.2 Cr |
Use of Proceeds
- Repayment/prepayment of certain debts.
- Funding working capital requirements.
- Investment in product development.
- General corporate purposes.
Subscription Status (June 30, 2023)
| Category | Subscription (times) |
|---|---|
| QIB | 125.81 |
| NII | 80.58 |
| Retail | 85.20 |
| Employee | 96.65 |
| Total | 106.06 |
Listing Details
- BSE Script Code: 543932
- NSE Symbol: IDEAFORGE
- ISIN: INE349Y01013
- Final Issue Price: ₹672 per share
Contact Information
ideaForge Technology Limited
- Address: EL-146 TTC Industrial Area, Electronic Zone, MIDC Mahape, Navi Mumbai – 400 710
- Phone: +91 84476 12778
- Email: business@ideaforgetech.com
- Website: ideaforgetech.com
Registrar: Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: ideaforgetechnology.ipo@linkintime.co.in
FAQs
What is the lot size of ideaForge Technology IPO?
The lot size is 22 shares, with a minimum investment of ₹14,784.
How to apply for ideaForge Technology IPO?
You can apply online using UPI or ASBA methods.
What are the listing details of ideaForge Technology IPO?
The shares are listed on BSE and NSE on July 7, 2023, with the final issue price of ₹672 per share.
