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IdeaForge Technology IPO: The issue includes issuance of fresh equity shares worth Rs 240 crore and an offer for sale (OFS) of 4,869,712 equity shares amounting to Rs 326.44 crore by promoters and existing shareholders. Investors can make a bid of a minimum of 22 equity shares and its multiples thereafter.
IdeaForge Technology Ltd, the largest drone manufacturer in India, has made its debut on the stock markets with its initial public offering (IPO) opening
ideaForge has been ranked seventh globally in the dual-use category drone manufacturers as per the report published by Drone Industry Insights in December 2022.
The company anticipates that it will not grow at the same pace as the Indian drone industry, which is expected to grow at least 18 times over the next five years as it does not plan to venture into the consumer and agri-spray drone segments.
IdeaForge IPO: Infosys holds 4.25% stake in the drone maker company, and is expected to benefit from the success of the IPO in the medium to long term, believe experts