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June 21, 2023
Drone maker ideaForge Technology on Wednesday said it has fixed a price band of Rs 638 to 672 per share for its Rs 567-crore initial public offering. The initial share sale will open for public subscription on June 26 and conclude on June 29, according to the company. The IPO comprises a fresh issue of equity shares worth Rs 240 crore and an offer for sale of 48,69,712 equity shares. The offer also includes a reservation for a subscription by eligible employees.
June 21, 2023
Investors can bid for a minimum of 22 Equity Shares and in multiples of 22 Equity Shares thereafter.
June 21, 2023
Drone maker ideaForge's public issue comprises a fresh issue of Rs 240 crore and an offer for sale (OFS) of 4,869,712 shares.
June 20, 2023
The fresh issue size has been reduced to Rs 240 crore from Rs 300 crore earlier, after ideaForge raised Rs 60 crore by issuing 8.92 lakh shares in a pre-IPO placement.
June 20, 2023
The company has raised about Rs 60 crore in a pre-IPO round from institutional investors that included Tata AIG General Insurance, Motilal Oswal Mutual Fund, and Think Investments PCC. The IPO comprises a fresh issue of up to Rs 240 crore in equity shares plus an offer for sale of up to 4.86 million units
June 16, 2023
The funds raised through the IPO will serve various purposes, including the repayment of existing debt, meeting operational capital requirements, and fueling investments in product development and general corporate goals.
May 11, 2023
ideaForge Technology Limited, the pioneer and the pre-eminent market leader in the Indian unmanned aircraft...
May 10, 2023
/PRNewswire/ -- ideaForge Technology Limited, the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems industry, with a market...
May 3, 2023
The proceeds from its fresh issuance will be utilised for repayment / prepayment of certain indebtedness availed by the Company, funding working capital requirements and for investment in product development and general corporate purposes.
May 3, 2023
Mumbai-based Drone maker ideaForge Technology Limited has received final observation from the capital markets regulator, Securities and Exchange Board of India, to raise funds through an initial public offering.