ideaForge Technology Limited
ListedMainboardIndustrial Goods & Services · NSE / BSE
ideaForge Technology Limited, incorporated in 2007, is a leading Indian manufacturer of Unmanned Aircraft Systems (UAS) with a market share of approximately 50% in fiscal 2022. The company has the largest operational deployment of indigenous UAVs in India, with an ideaForge-manufactured drone taking off every five minutes on average for surveillance and mapping. Globally, it is ranked 7th in the dual-use (civil and defense) drone manufacturing category, according to Drone Industry Insights’ December 2022 report.
Price Band
₹638 – ₹672
Issue Size
₹567 Cr
Lot Size
22 shares
GMP
₹610
+90.8%
Est. Listing
₹1282
at current GMP
Subscribed
106.05x
overall
Open
26 Jun 2023
Close
30 Jun 2023
Allotment
5 Jul 2023
Refund
6 Jul 2023
Demat Credit
7 Jul 2023
Listing
7 Jul 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Industrial Goods & Services segment
- •Price band established at ₹638 - ₹672 per equity share
- •Minimum bid lot is 22 shares
- •Estimated listing target of ₹1282 based on current grey market activity