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
Live Grey Market Premium
ideaForge Technology Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹610+90.8%
Issue Price (Upper)
₹672
Band: ₹638 – ₹672
Estimated Listing Price
₹1282
Upper price + GMP
Lot Size
22 shares
Min investment ₹14,784
Estimated Profit / Lot
₹13,420
22 × ₹610
ideaForge Technology Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹610
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹610 | 90.8% | ₹1282 |
| 30 Oct 2026 | +₹610 | 90.8% | ₹1282 |
| 29 Oct 2026 | +₹549 | 81.7% | ₹1221 |
GMP is unofficial market data. Not a guarantee of listing performance.
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 & Pricing Context:
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.
Basis of Allotment & Listing Timeline:
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 is ideaForge Technology Limited IPO GMP today?
The latest grey market premium for ideaForge Technology Limited IPO is ₹610, which indicates an expected listing price of ₹1282.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.