IdeaForge Technology IPO GMP Today, review, lot size, price, review, award status and date can be checked from here. IdeaForge is a pioneering drone technology company founded in 2007 by Ankit Mehta, Rahul Singh and Ashish Bhat. He specializes in providing a wide variety of drone solutions.
IdeaForge Technology IPO
Renowned market research agencies have named IdeaForge the undisputed leader in India’s UAS industry, with an estimated 50% market share in FY2022. IdeaForge has achieved a spectacular CAGR of 237.48% in revenue from operations between fiscal year 2020 and 2022, demonstrating outstanding growth.
HMA Agro Industries Ltd IPO
IKIO Lighting IPO GMP Today
Kore Digital IPO GMP Today
Meaning of the US debt ceiling
Additionally, in fiscal 2022, the company achieved a fantastic return on capital employed of 49.63%. Read on to learn more about the IdeaForge Technology IPO GMP Today. IdeaForge Technology, founded in 2007, is a leading drone manufacturing company. Its main emphasis is on the manufacture of drones for military and industrial use.
IdeaForge Technology IPO GMP
In FY22, ideaForge Technology has an outstanding market share of more than 50% in the Indian UAS industry. The company’s clients have made more than 300,000 flights with its UAVs as of December 31, 2022. ideaForge Technology serves various local and international clients in industries such as mining area planning and mapping, volumetric estimation, surveying, surveillance border and coastal security, crime control. , agriculture and more.
Globally, the drone industry was valued at $21.1 billion in 2022, and is expected to develop rapidly at a CAGR of 20%, reaching an estimated value of $51.4 billion in 2027. The deployment without precedents for indigenous UAVs around the world India by ideaForge The technology is an extraordinary feat, with an ideaForge drone taking off for surveillance and mapping purposes every 5 minutes on average. In addition, according to Drone Industry Insights December 2022 forecasts, the company has reached seventh place globally in the Defense and Civil sectors.
IdeaForge Technology IPO GMP Today
IdeaForge’s long-awaited initial public offering will begin on June 26. The company expects to raise Rs 657 crore through its initial public offering. Known for its expertise in producing drones, IdeaForge serves its valued customers with various drone solutions including surveillance, mapping and inspection services. Notably, the company reported remarkable sales results in 2022, recording Rs 161.45 crore as against Rs 36.32 crore in 2021.
The price range for the IPO had been set at between 638 and 672 per share. IdeaForge is scheduled to be listed on both the BSE and NSE after its initial public offering. The GMP of IdeaForge Technology’s IPO is 450. Investors and market participants are looking forward to the IPO as IdeaForge demonstrates its potential in the drone business.
IdeaForge technology initial public offering lot size
Shares in the Cell Point IPO have a par value of $10 per share, and prospective bidders can only participate in minimum lots of 1,200 shares. Given the stated IPO price of $100 per share, this criteria equates to a minimum investment of $120,000 in the IPO. This minimum investment of $120,000 is also the highest amount that individual investors can bid on the IPO.
On the contrary, HNIs and NIIs may present offers for a minimum of two lots of 2,400 shares each. This bidding criteria requires an investment of $240,000 from HNI and NII.
IPO price of IdeaForge technology
ideaForge Technology shares performed exceptionally well on the gray market, trading at a remarkable 72.17% premium. According to estimates, the shares will be worth Rs 1,157, which marks a significant premium of Rs 485 per share above the maximum price of Rs 672.
This impressive premium reflects strong investor demand and optimistic market sentiment surrounding ideaForge’s IPO. The substantial increase in value shows investor confidence and anticipation regarding ideaForge Technology’s prospects and growth potential in the drone manufacturing industry.
Energy comparison between India and China
The richest country in the world
The richest woman in the world
The most handsome man in the world.
The most beautiful woman in the world
IdeaForge Technology Initial Public Offering Review
| Detailed report | Details |
| IPO size | 567 rupees |
| New number | 240 rupees |
| offer for sale | 327 rupees |
| Opening date | June 26, 2023, |
| Deadline | June 29, 2023 |
| Nominal value | 10 rupees per share |
| price band | Rs 638 to Rs 672 per share |
| Lot Size | 22 shares |
| minimum lot size | 1 (22 actions) |
| maximum lot size | 13 (286 shares) |
| Quotation Date | July 7, 2023 |
Strengths of the IdeaForge technology company:
- IdeaForge Technology is a pioneer and industry leader in the UAS business in India. With this first-mover advantage, the company has established a solid foundation in India’s burgeoning UAV industry.
- IdeaForge Technology was the first organization in India to build VTOL UAVs in 2009. These VTOL drones can take off, hover and land vertically, even in harsh weather conditions. This technical advantage is especially useful in the defense business.
- IdeaForge Technology has also demonstrated its forward-thinking by becoming the first company to participate in the 5G-enabled UAV demo at the 2019 Indian Mobile Congress. These first-mover strategic advantages have been instrumental in establishing significant market share for the company and distinguish it from its rivals.
- The company has a diverse range of products, a strong technical stack, and a track record of success in mission-critical use cases. Each UAV has distinctive differences in meeting the diverse demands of customers in the civic and defense sectors.
- IdeaForge Technology prioritizes performance, reliability, and autonomy with full in-house design and production facilities. Vertical integration improves efficiency and control over the production process.
- The Indian drone industry offers several potential prospects for agriculture, mining, and defense. This favorable market environment indicates that ideaForge Technology has a bright future.
- In the Indian drone market, the company will benefit from a more permissive and flexible regulatory environment. Recent laws like ‘The Drone Rules 2021’ will help increase the company’s production capacity and pave the way for expansion.
Weaknesses of the IdeaForge technology company:
- IdeaForge Technology is experiencing a substantial shortfall in working capital. If the company does not get more cash in the future, it can negatively impact its operations and business in general.
- The company mainly depends on foreign suppliers for the supply of components and raw materials. Any problems importing these materials could cause production delays and eventual business interruptions.
- Currency exchanges can be problematic as most ideaForge components come from other countries. It can affect manufacturing costs and overall profitability.
- While being an industry first has its advantages, it also has its drawbacks. The corporation’s highly sophisticated products may experience unforeseen failures or errors, momentarily affecting product quality while these problems are addressed.
- IdeaForge Technology has a single production facility, which makes it sensitive to interruptions. Problems at the plant can have a direct influence on both the company’s production schedule and its activity.
If you have any questions about the IdeaForge Technology GMP IPO today, please let us know in the comments section.
EEBS home page
Categories: Finance
Source: vtt.edu.vn