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ideaforge technologies ipo: Ideaforge Technologies IPO to open on June 26, price band fixed

India s largest drone manufacturing company, IdeaForge Technologies, will open subscriptions for its Rs 567 crore ($76m) initial public offering on 26 June. The IPO will be available for public bidding until 29 June, with the allocation to anchor investors occurring on 23 June. The IPO consists of a fresh issue of equity shares of up to Rs 240 crore and selling shareholders offering 48.6 lakh shares. The funds raised will be used for product development, repayment of indebtedness, and other general corporate purposes. ....

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ideaForge Technology IPO to kick off from June 26, price band fixed at Rs 638-672

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.
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Musk-Modi US bonhomie and Tesla's India plans; Mumbai drone startup Ideaforge's IPO journey

Tesla will vroom into India “as soon as humanly possible”, says its boss Elon Musk. The Twitter CEO was addressing reporters after his meeting with Prime Minister Narendra Modi, who is on a four-day visit to the US. ....

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ideaforge technologies ipo: India's largest drone maker Ideaforge's IPO to open on June 26

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 ....

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Drone maker ideaForge gets Sebi nod for its IPO of Rs 300 cr

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. ....

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