IdeaForge IPO GMP, Review, Price, Allotment

IdeaForge is an innovative drone technology company founded in 2007 by Ankit Mehta, Rahul Singh, and Ashish Bhat. It specializes in providing a comprehensive range of drone solutions, including surveillance, mapping, and inspection. With its cutting-edge technology and exceptional performance, IdeaForge has emerged as the undisputed leader in the Indian unmanned aircraft systems (UAS) market, commanding approximately 50% market share in FY 2022. In this article, we will delve into the details of IdeaForge’s Initial Public Offering (IPO), including its description, financial performance, valuation, and other essential information.

IdeaForge IPO GMP – Rs 520-570/- 

Introduction

IdeaForge has established itself as a pioneer in the field of drone technology. The company’s drones are designed for various applications, including border security, disaster management, and aerial surveillance. Moreover, IdeaForge offers software solutions such as a drone data management system that assists clients in effectively managing their data.

IdeaForge IPO Details

The specific dates and price of the IdeaForge IPO are yet to be announced. However, the IPO is expected to include a fresh issue of INR 300 crore and an offer for sale of 4,869,712 shares. The total size of the IPO will be disclosed soon, along with the minimum bid (lot size). The face value of each share is INR 10, and the retail allocation is expected to be 10%. The listing will take place on both the BSE and NSE stock exchanges.

IdeaForge’s Financial Performance

IdeaForge has showcased remarkable growth in terms of revenue from operations over the last three fiscal years, with a Compound Annual Growth Rate (CAGR) of 237.48% from FY 2020 to FY 2022. In FY 2022, the company achieved a return on capital employed (ROCE) of 49.63%. Let’s take a look at the financial figures for IdeaForge:

	FY 2020	FY 2021	FY 2022	H1 FY 2023
Revenue	14.0	34.72	159.44	139.55
Expenses	29.76	50.84	111.27	83.95
Net income	(13.45)	(14.63)	44.01	45.21
Margin (%)	(96.07)	(42.14)	27.60	32.40

Figures in INR Crores unless specified otherwise

Valuations & Margins

The following table presents the valuation and margin indicators for IdeaForge:

	FY 2020	FY 2021	FY 2022
EPS	(4.68)	(5.03)	13.13
PE ratio	–	–	–
RONW (%)	(19.74)	(24.48)	26.95
NAV	23.70	20.57	51.36
ROCE (%)	(25.39)	(12.06)	77.25
EBITDA (%)	(72.80)	(26.65)	47.12
Debt/Equity	0.10	0.77	(0.09)

Compiled by IPO Central from Prospectus

Offer Registrar

The offer registrar for the IdeaForge IPO is Link Intime India Private Limited. You can contact them at:

• Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli West, Mumbai – 400 083, Maharashtra
• Phone: +918108114949
• Email: [email protected]
• Website: www.linkintime.co.in

Contact Details

If you wish to get in touch with IdeaForge, you can reach them at:

• Company: IdeaForge Technology Limited
• Address: EL-146, TTC Industrial Area, Electronic Zone MIDC, Mahape, Navi Mumbai, Thane 400 710, Maharashtra
• Phone: +91 226787 5000
• Email: [email protected]
• Website: www.ideaforgetech.com

IdeaForge IPO Allotment Status

To check the allotment status of the IdeaForge IPO, you can visit Link Intime’s website and click on the following link: IdeaForge IPO Allotment Status

IPO Dates & Listing Performance

The exact opening and closing dates of the IdeaForge IPO are yet to be announced. Once finalized, the basis of allotment and refund initiation dates will follow. The transfer of shares to demat accounts will also take place accordingly. The listing date on the stock exchanges will be made public, along with the opening and closing prices on the NSE SME.

Conclusion

IdeaForge has revolutionized the drone technology landscape in India and has established itself as a leader in the industry. Its remarkable growth in revenue and the range of drone solutions it offers positions the company for further success. The IdeaForge IPO presents an opportunity for investors to participate in the company’s growth story and capitalize on its potential.

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