IdeaForge
IdeaForge is a drone technology company founded in 2007 by Ankit Mehta, Rahul Singh, and Ashish Bhat. It is the undisputed leader in the Indian UAS market with a 50% market share in FY 2022. The company has grown at a CAGR of 237.48% in terms of revenue from operations over the last three years, with a return on capital employed of 49.63% in FY 2022.
IdeaForge provides a range of drone solutions, including surveillance, mapping, and inspection. Its drones can be used for a variety of applications, such as border security, disaster management, and infrastructure inspection. The company also offers software solutions, including a drone data management system.
IdeaForge IPO Details
| Signature Global IPO Details | ||
|---|---|---|
|
IdeaForge IPO Dates |
26 – 30 June 2023 |
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|
IdeaForge IPO Price |
INR 638 – 672 per share
(Employee discount – INR 32 per share)
|
|
|
Fresh issue |
INR 240 crore |
|
|
Offer For Sale |
4,869,712 shares (INR 310.69 – 327.24 crore) |
|
|
Total IPO Size |
INR 550.69 – 567.24 crore |
|
|
Minimum bid (size) |
22 shares (INR 14,784) |
|
|
Face Value |
INR 10 per share |
|
|
Retail Allocation |
10% |
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|
Listing On |
BSE, NSE |
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IdeaForge Financial Performance
| Signature Global Financial Performance | |||
|---|---|---|---|
|
|
FY2021 |
FY2022 |
FY2023 |
|
Revenue |
34.72 |
159.44 |
186.01 |
|
Expenses |
50.84 |
111.27 |
155.61 |
|
Net income |
(14.63) |
44.01 |
31.99 |
|
Margin (%) |
(42.14) |
27.60 |
17.20 |
Figures in INR Crore unless specified otherwise