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/-Â
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.
FAQs
How often does the IPO Grey Market Premium change?
The Grey Market Premium is dynamic and can change frequently, influenced by market conditions and investor sentiment. It is advisable to stay updated with the latest figures through reliable sources.
Can investors participate in the Grey Market trading?
Grey Market trading is conducted through a network of dealers, and participation is limited to select individuals or entities. It is an unofficial market and not regulated like the stock exchange.
Should investors rely solely on the IPO Grey Market Premium for investment decisions?
No, investors should consider the Grey Market Premium as one of several factors when making investment decisions. Thorough research, analysis of company fundamentals, and expert advice are equally important.
What is the significance of Kostak rates in IPO investments?
Kostak rates represent the price at which investors can sell their IPO application before listing. It provides an opportunity for early exits. Investors should evaluate both GMP and Kostak rates to make informed decisions.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions.