The ideaForge IPO commenced on June 26, 2023, and concluded on June 29, 2023. The allotment of shares took place on July 04, 2023, and the initiation of refunds began on July 05, 2023. The shares were credited to the demat accounts of investors on July 06, 2023. Finally, the listing of ideaForge on the stock exchange occurred on July 07, 2023.
The ideaForge IPO was priced at ₹638 to ₹672 per share, with a lot size of 22. The total issue size was ₹567 crores, comprising a fresh issue of 240 crores and an offer for sale of ₹327 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 75% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 10% of the shares.
ideaForge IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 6 July 2023 | ₹515 | 76.64% | – | – |
| 5 July 2023 | ₹510 | 75.89% | – | – |
| 4 July 2023 | ₹520 | 77.38% | – | – |
| 3 July 2023 | ₹510 | 75.89% | – | – |
| 2 July 2023 | ₹510 | 75.89% | – | – |
| 1 July 2023 | ₹510 | 75.89% | – | – |
| 30 June 2023 | ₹510 | 75.89% | – | – |
| 29 June 2023 | ₹510 | 75.89% | – | – |
| 28 June 2023 | ₹530 | 78.87% | – | – |
| 27 June 2023 | ₹510 | 75.89% | – | – |
| 26 June 2023 | ₹530 | 78.87% | – | – |
ideaForge Technology Limited, established in 2007, is a company that makes unmanned aircraft systems (UAS). They focus on creating drones for mapping, security, and surveillance. Their drones are versatile and can be used for planning mining areas and making maps. They help the construction, real estate, and defense industries by improving their operations and conducting intelligence and surveillance activities.
ideaForge has two main software solutions:
- BlueFire Live!: This software allows secure and real-time streaming of video from the drone. It also lets operators control the drone’s equipment remotely from a command center.
- BlueFire Touch: This software serves as a control center for the drone. It lets users plan and carry out mapping and surveillance missions. They can set waypoints and plan missions based on specific areas and targets.
In the Indian market, ideaForge Tech is a leader in UAS with around 50% market share in fiscal year 2022. Their drones are widely used in India, with one taking off every five minutes on average for surveillance and mapping.
In December 2022, Drone Industry Insights ranked ideaForge as the 7th top global manufacturer of dual-use drones, which can be used for civilian and defense purposes.
ideaForge Technology IPO More Details Click Here
