Written by iposharma.com
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 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.
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 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%.