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
Official Registrar Verification
ideaForge Technology Limited Allotment Status
Designated Registrar: Link Intime India Private Limited
Allotment Date
5 Jul 2023
Basis finalization
Refunds Initiate
6 Jul 2023
Mandate release
Demat Credit
7 Jul 2023
Shares in demat
Listing Debut
7 Jul 2023
Trading begins
How to Check ideaForge Technology Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
- Select ideaForge Technology Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About ideaForge Technology Limited Public Issue & Market Profile
ideaForge Technology Limited is bringing an initial public offering (IPO) in the Industrial Goods & Services sector with an aggregate issue size of ₹567.29 Crores. The shares are offered at a price band of ₹638 to ₹672 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2023-06-30, the basis of allotment is scheduled to be finalized on 2023-07-05. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.