Ideaforge Technology Ltd
Price Range
₹638 - ₹672
Min. Quantity
22
Closes on
30 June 2023
Min. investment
₹14,784/286 Shares
Ideaforge Technology Ltd IPO Timeline
Ideaforge Technology Limited (Formerly known ideaForge Technology Private Limited) was incorporated on February 8, 2007, as a Private Limited Company dated February 8, 2007 issued by the RoC at Mumbai. Upon the conversion of Company into a Public Company, the name of Company was changed to 'ideaForge Technology Limited' and a fresh Certificate of Incorporation dated January 2, 2023 was issued by the RoC.
| Event | Date |
|---|---|
| Ideaforge Technology Ltd IPO Opening Date | 26 June 2023 |
| Ideaforge Technology Ltd IPO Closing Date | 30 June 2023 |
| Basis of Allotment | 5 July 2023 |
| Initiation of Refunds | 6 July 2023 |
| Credit of Shares to Demat | 7 July 2023 |
| Ideaforge Technology Ltd IPO Listing Date | 10 July 2023 |
Ideaforge Technology Ltd IPO Details
| Ideaforge Technology Ltd IPO Date | 26 June 2023 to 30 June 2023 |
| Ideaforge Technology Ltd IPO Face Value | ₹10 per share |
| Ideaforge Technology Ltd IPO Price | ₹638 to ₹672 per share |
| Ideaforge Technology Ltd IPO Lot Size | 22 |
| Issue Size | Shares of ₹10 (aggregating up to ₹567.25 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹240 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹310.69 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 25,28,596 of the Net Offer |
| Retail Shares Offered | Not less than 8,42,865 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 12,64,297 of the Net Offer |
| Company Promoters | Ankit Mehta, Rahul Singh, Ashish Bhat |
Ideaforge Technology Ltd IPO Lot Size
The Ideaforge Technology Ltd IPO lot size is 22 shares. A retail-individual investor can apply for up to 13 lots (286 shares or ₹1,92,192).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 22 | ₹14,784 |
| Maximum | 13 | 286 | ₹1,92,192 |
- Strengths
- Risks
- Opportunities
- pioneer and the pre-eminent market leader in the Indian UAS industry, with first-mover advantage;
- diversified product portfolio with a robust technology stack and track record of successful outcomes in critical use cases;
- strong relationships with a diverse customer base;
- significant product development capabilities powering its software and solutions and product differentiators;
- in-house design to delivery capabilities;
- strong management capabilities with a demonstrated track record of delivering robust financial performance.
Company Financials
Ideaforge Technology Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 745.55 | 347.43 | 47.85 |
| 03-2023 | 487.93 | 196.4 | 31.99 |
| 03-2022 | 222.33 | 161.45 | 44.01 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment of certain indebtedness availed by the Company
- Funding working capital requirements
- Investment in product development
- General corporate purposes
Ideaforge Technology Ltd IPO Promoter Holding
| Pre Issue Share Holding | 9.68% |
| Post Issue Share Holding | 8.6% |
Ideaforge Technology Ltd IPO Subscription Status (Bidding Detail)
The Ideaforge Technology Ltd IPO is subscribed 106.06 times on 30 June 2023 05:00:00 PM. The public issue subscribed 85.2 times in the retail category, 125.81 times in the QIB category, and 80.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 125.81 | 80.58 | 85.2 | 96.65 | 106.06 |
Ideaforge Technology Ltd IPO Prospectus
Ideaforge Technology Ltd IPO Listing Date
| Listing Date | 7 July 2023 |
| BSE Script | 543932 |
| NSE Symbol | IDEAFORGE |
| Listing In | BSE, NSE |
| ISIN | INE349Y01013 |
| IPO Price | ₹672 |
| Face Value | ₹10 |
Company Contact Information
EL-146 TTC Industrial AreaElectronic Zone MIDC Mahape,Thane-400710
Phone: 91-22-67875000
Email: compliance@ideaforgetech.com
Website: www.ideaforgetech.com
Ideaforge Technology Ltd IPO Registrar
Ideaforge Technology Ltd IPO Lead Manager(s)
- JM Financial Ltd
- IIFL Securities Ltd
FAQ
What is the issue size of Ideaforge Technology Ltd IPO?
I have pre-applied for Ideaforge Technology Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.