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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.
ideaForge Technology Limited, the pioneer and the pre-eminent market leader in the Indian unmanned aircraft...
/PRNewswire/ -- ideaForge Technology Limited, the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems industry, with a market...
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.
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.