ideaForge Technology Limited IPO Review
ideaForge Technology Limited
Issue Size: ₹567.29 CrPrice Band: ₹638 – ₹672 per shareIPO Dates: June 26, 2023 – June 30, 2023Listing Date: July 7, 2023Face Value: ₹10 per shareMinimum Lot Size: 22 SharesListing: BSE, NSE
Fresh Issue: ₹240.00 Cr (3,572,052 shares)Offer for Sale: ₹327.25 Cr (4,869,712 shares)
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
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%
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
Details Pre-Issue (%) Post-Issue (%) Promoter Holding 33.37% 30.19%
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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
KPI Value ROE 13.11% ROCE 12.51% Debt/Equity 0.27 RoNW 9.85% Market Cap ₹2800.2 Cr
Metric Value EPS (Rs) 8.12 P/E (x) 87.5
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)
Detail Information Listing Date July 7, 2023 BSE Script Code 543932 NSE Symbol IDEAFORGE ISIN INE349Y01013 Final Issue Price ₹672 per share
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
Also Read:
Repayment/prepayment of certain indebtedness.
Funding working capital requirements.
Investment in product development.
General corporate purposes.
output 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.
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.
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
KPI Value ROE 13.11% ROCE 12.51% Debt/Equity 0.27 RoNW 9.85% Market Cap ₹2800.2 Cr
Repayment/prepayment of certain debts.
Funding working capital requirements.
Investment in product development.
General corporate purposes.
Category Subscription (times) QIB 125.81 NII 80.58 Retail 85.20 Employee 96.65 Total 106.06
BSE Script Code: 543932NSE Symbol: IDEAFORGEISIN: INE349Y01013Final Issue Price: ₹672 per share
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
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.
