Last updated on November 23, 2023
IdeaForge IPO description – IdeaForge was founded in 2007 by Ankit Mehta, Rahul Singh, and Ashish Bhat. It is a drone technology company that provides a range of drone solutions, including surveillance, mapping, and inspection. According to market research firms, it is the undisputed leader in the Indian unmanned aircraft systems (UAS) market with a share of approximately 50% in FY 2022. IdeaForge has grown at a CAGR of 237.48% in terms of revenue from operations over the last three FY 2020 – 2022, with a return on capital employed of 49.63% in FY 2022.
IdeaForge’s drones can be used for a variety of applications, including border security and disaster management. In addition, the company also offers software solutions, including a drone data management system that can help clients manage their data more effectively.
Promoters of IdeaForge – Ankit Mehta, Rahul Singh, and Ashish Bhat
IdeaForge IPO Details
| IdeaForge IPO Dates | 26 – 30 June 2023 |
| IdeaForge IPO Price | INR 638 – 672 per share (Employee discount – INR 32 per share) |
| Fresh issue | INR 240 crore |
| Offer For Sale | 4,869,712 shares (INR 310.69 – 327.24 crore) |
| Total IPO size | INR 550.69 – 567.24 crore |
| Minimum bid (lot size) | 22 shares (INR 14,784) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
IdeaForge Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 34.72 | 159.44 | 186.01 |
| Expenses | 50.84 | 111.27 | 155.61 |
| Net income | (14.63) | 44.01 | 31.99 |
| Margin (%) | (42.14) | 27.60 | 17.20 |
IdeaForge Offer News
- IdeaForge RHP
- IdeaForge Draft Prospectus
- Top Drone Companies in India
- IdeaForge IPO: All you need to know about India’s top dronemaker
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
IdeaForge Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (5.03) | 13.13 | 8.12 |
| PE ratio | – | – | 78.57 – 82.76 |
| RONW (%) | (24.48) | 26.95 | 9.85 |
| NAV | 20.57 | 51.36 | 86.81 |
| ROCE (%) | (15.18) | 49.63 | 12.51 |
| EBITDA (%) | (26.65) | 47.12 | 30.91 |
| Debt/Equity | 0.77 | (0.09) | 0.27 |
IdeaForge IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 6 July 2023 | 520 | 230 | 8,000 |
| 5 July 2023 | 520 | 230 | 8,000 |
| 4 July 2023 | 510 | 230 | 8,000 |
| 3 July 2023 | 510 | 230 | 8,000 |
| 1 July 2023 | 530 | 250 | 8,000 |
| 30 June 2023 | 530 | 250 | 8,000 |
| 29 June 2023 | 530 | 350 | 6,500 |
| 28 June 2023 | 510 | 320 | 4,000 |
| 27 June 2023 | 480 | 320 | 6,000 |
| 26 June 2023 | 480 | 320 | 6,000 |
| 24 June 2023 | 500 | 350 | 5,500 |
| 23 June 2023 | 530 | 400 | 4,500 |
| 22 June 2023 | 550 | 400 | 4,500 |
| 21 June 2023 | 500 | 400 | 3,500 |
| 20 June 2023 | 450 | 400 | – |
| 19 June 2023 | 400 | – | – |
| 17 June 2023 | 300 | – | – |
IdeaForge IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
| Shares Offered | 2,528,596 | 1,264,297 | 842,865 | 13,112 | 4,648,870 |
| 30 Jun 2023 | 125.81 | 80.58 | 85.20 | 96.65 | 106.06 |
| 28 Jun 2023 | 38.62 | 64.72 | 66.13 | 67.48 | 50.79 |
| 27 Jun 2023 | 1.34 | 21.59 | 36.36 | 26.26 | 13.27 |
| 26 Jun 2023 | 0.01 | 5.13 | 12.48 | 8.47 | 3.69 |
IdeaForge IPO Reviews – Subscribe or Avoid?
Aditya Birla Capital –
Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital – Subscribe for listing gains
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities –
Centrum Broking –
Choice Broking – Subscribe with Caution
Dalal & Broacha –
Elite Wealth – Listing Gain
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe
Hensex Securities – Subscribe
ICICIdirect –
Indsec Securities – Subscribe
Jainam Broking –
KR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal – Subscribe
Nirmal Bang – Subscribe
Reliance Securities –
Religare Broking –
Samco Securities –
SBI Capital –
SMC Global – 2/5
Swastika Investmart – Subscribe
Ventura Securities – Not Rated
IdeaForge Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +918108114949
Email:Â [email protected]
Website: www.linkintime.co.in
IdeaForge Contact Details
IDEAFORGE TECHNOLOGY LIMITED
EL-146, TTC Industrial Area,
Electronic Zone MIDC, Mahape,
Navi Mumbai, Thane 400 710, Maharashtra
Phone: +91 226787 5000
E-mail: [email protected]
Website: www.ideaforgetech.com
IdeaForge IPO Allotment Status
IdeaForge IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Meanwhile, bank debits and lein removals have started.
IdeaForge IPO Dates & Listing Performance
| IPO Opening Date | 26 June 2023 |
| IPO Closing Date | 30 June 2023 |
| Finalization of Basis of Allotment | 4 July 2023 |
| Initiation of refunds | 5 July 2023 |
| Transfer of shares to demat accounts | 6 July 2023 |
| IdeaForge Listing Date | 7 July 2023 |
| Opening Price on NSE SME | INR 1,300 per share (up 93.45%) |
| Closing Price on NSE SME | INR 1,295 per share (up 92.7%) |
IdeaForge IPO FAQs
How many shares in IdeaForge IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for IdeaForge Public Offer?
The best way to apply for IdeaForge public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is IdeaForge IPO GMP today?
IdeaForge IPO GMP today is INR 520 per share.
What is IdeaForge kostak rate today?
IdeaForge kostak rate today is INR 230 per application.
What is IdeaForge Subject to Sauda rate today?
IdeaForge Subject to Sauda rate today is INR 8,000 per application.
