Ideaforge Technology Ltd. IPO

Ideaforge Technologies is a leading drone manufacturer in India. It has a market share of over 50% in the Indian UAS market and has been ranked 7th globally in the dual-use category (civil and defence) drone manufacturers.

RHP
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DRHP
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Open Date

2023-06-26

Close Date

2023-06-30

Ideaforge Technology Ltd. IPO Details

Check out the issue details for Ideaforge Technology Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 672

Price Band

₹ 638 - 672

Issue Size

567 Cr.

Issue Type

Book Built

Open

2023-06-26

Close

2023-06-30

Listingprice

₹ 1300

ListingGain

93.45%

Listing Date

2023-07-07

CMP

₹ 577.3

Current Return

-14.09%

Ideaforge Technology Ltd. News

Ideaforge Technology informs about allotment under ESOP11 Nov, 4:36PM Ideaforge Technology submits analyst meet intimation 7 Nov, 4:43PM Ideaforge Technology informs about disclosure6 Nov, 11:37AM Ideaforge Technology informs about press release30 Oct, 5:23PM Ideaforge Technology - Quaterly Results28 Oct, 7:34PM Ideaforge Technology - Quaterly Results28 Oct, 7:34PM Ideaforge Technology informs about disclosure25 Oct, 3:02PM ideaForge Technology informs about board meeting16 Oct, 1:04PM Ideaforge Technology - Quaterly Results29 Jul, 6:58PM Ideaforge Technology - Quaterly Results29 Jul, 6:58PM ideaForge Technology informs about newspaper advertisement15 Jul, 2:48PM IdeaForge Technology informs about compliance report16 May, 1:57PM Ideaforge Technology - Quaterly Results14 May, 8:28PM Ideaforge Technology - Quaterly Results14 May, 8:28PM Ideaforge Technology informs about compliances-certificate10 Apr, 12:45PM Ideaforge Technology informs about disclosure 12 Mar, 12:52PM ideaForge Technology informs about analyst meet 20 Feb, 3:37PM Ideaforge Technology - Quaterly Results5 Feb, 7:50PM Ideaforge Technology - Quaterly Results5 Feb, 7:50PM Ideaforge Technology submits analyst meet intimation26 Dec, 5:07PM

Company Financials

You can get the following financial statements of Ideaforge Technology Ltd. as of now.

Exchange

NSE: IDEAFORGE BSE: 543932

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Ideaforge Technology IPO is as:

  • The issue size of the IPO is 567 Cr.
  • The price band for Ideaforge Technology IPO is Rs 638 to Rs 672.
  • The shares of Ideaforge Technology IPO will list on 7th July 2023.
  • The latest tentative GMP of Ideaforge Technology IPO is Rs 550.
  • The shares of Ideaforge Technology IPO is subscribed 106.06 Times as of 30th June 2023.

 

Ideaforge Technology IPO Valuation

The approx valuation of Ideaforge Technology IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 672
Employee Discount Rs 32/- share
Existing Shares (Qty) 2.13 Cr
Fresh Issue 240 Cr
Market Cap 1671.36 Cr
EPS (FY22) Rs 13.84
PE Ratio 48.55x
Industry PE 69.36x

 

Ideaforge Technology IPO Issue Size

Ideaforge Technology IPO issue size is 567 Cr.

Issue Amount
Fresh Issue 240 Cr
Offer For Sale 327 Cr

 

Ideaforge Technology IPO Market Lot

An Individual can apply for a minimum 1 lot of 22 shares and a maximum of 13 lots of 286 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 22 Rs 14,784
 Maximum 13 286 Rs 1,92,192

 

Ideaforge Technology IPO share offer

The shares of Ideaforge Technology IPO is subscribed 106.06 Times as of 30th June 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 125.81 Times
Non-Institutional Maximum 15% 80.58 Times
Retail Individual Maximum 10% 85.20 Times
Employee   96.65 Times
Total   106.06 Times

 

Ideaforge Technology Grey Market Premium

As on GMP (Tentative)
18 June 2023 Rs 350
19 June 2023 Rs 550
22 June 2023 Rs 500
26 June 2023 Rs 450
28 June 2023 Rs 550
30 June 2023 Rs 550
3 July 2023 Rs 550

Ideaforge Technology IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Ideaforge Technology IPO:

Schedule Date
Basis of Allotment 5 July 2023
Refunds 6 July 2023
Credit to Demat Account 7 July 2023
IPO Listing Date 7 July 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 14.1 34.93 159.44 186.01 317.02
Total Expenditure 27.2 46.21 84.89 137.94 257.04
Operating Profit -13.11 -11.28 74.55 48.07 59.98
Other Income 2.31 1.33 2.01 10.4 30.41
Interest 0.43 1.2 19.1 5.81 4.7
Depreciation 2.31 3.14 7.28 11.86 21.17
Exceptional Items 0 0 0 0 0
Profit Before Tax -13.54 -14.29 50.18 40.8 64.51
Provision for Tax 0 0 6.17 8.81 16.67
Net Profit -13.54 -14.29 44.01 31.99 47.85
Adjusted EPS (Rs.) -0.67 -0.71 2.19 1.5 1.12

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.13 0.13 0.13 21.4 42.89
Total Reserves 68.35 60.27 163.18 303.32 620.3
Borrowings 0.06 37.32 0 0 0
Other N/C liabilities 1.21 1.94 10.75 15.19 10.92
Current liabilities 9.11 23.85 47.97 150.56 69.94
Total Liabilities 78.85 123.5 222.02 490.47 744.04
Assets
Net Block 3.59 12.63 26.21 48.7 67.11
Capital WIP 0 0 0 3.41 6.48
Intangible WIP 16.84 14.22 19.09 21.51 47.32
Investments 0 0 0 1 9.3
Loans & Advances 1.41 1.39 2.75 9.48 10.58
Other N/C Assets 9.57 13.62 29.58 21.54 3.18
Current Assets 47.44 81.64 144.4 384.82 600.08
Total Assets 78.85 123.5 222.02 490.47 744.04
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 14.91 6.61 5.36 6 5.84
Profit Before Tax 1.33 21.27 16.47 2.54 -16.31
Tax 0.44 5.35 4.67 0.64 -4.11
Profit After Tax 0.89 15.92 11.79 1.9 -12.2
Adjusted EPS (Rs) 0.21 3.71 2.75 0.44 -2.84

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 29.23 0
Jun 2024 29.33 0
Mar 2024 29.33 0
Dec 2023 29.34 0
Sep 2023 30.19 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -13.54 -14.29 50.18 40.8 64.51
Adjustment 0.99 8.64 29.95 37.19 10.74
Changes in Assets & Liabilities -4.23 -26.13 -6.47 -124.8 22.1
Tax Paid -0.35 0.05 -7.14 -6.41 -20.41
Operating Cash Flow -17.13 -31.73 66.52 -53.23 76.94
Investing Cash Flow 4.52 -10.95 -30.76 -148.91 -107.96
Financing Cash Flow 2.09 43.87 -10.6 176.23 189.47
Net Cash Flow -10.52 1.19 25.16 -25.91 158.45
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