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15 Days Price Change

Ideaforge Technology IPO

Closing In

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WEBSITE Inc. Year: 2007 Industry: Defence Listed Page

Profile
Issue Size --
Profile
Price Range 638  to  672 per share
Profile
Min Investment ₹672
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

ideaForge Technology Ltd is a cutting-edge technology company specializing in the design, development, and manufacturing of unmanned aerial systems (UAS) for various industrial applications. Established with a vision to revolutionize the drone industry, ideaForge has emerged as a leading player in the field of autonomous aerial solutions. The company boasts a team of skilled engineers and researchers who combine their expertise to create innovative and reliable UAS platforms. ideaForge's drone solutions cater to a wide range of sectors, including defense, homeland security, surveillance, infrastructure, and agriculture. Their state-of-the-art drones are equipped with advanced features like real-time video streaming, high-resolution imaging, and autonomous flight capabilities. With a focus on precision, durability, and operational efficiency, ideaForge aims to empower businesses and organizations with reliable aerial intelligence solutions. With a strong commitment to research and development, ideaForge continues to push the boundaries of drone technology, delivering robust and customized solutions to meet the evolving needs of its clients. Read More

Basic Info

Face Value 10 per share

Price 638  to  672 per share

P/E (x) -46.7

Sales( Cr.) 161

PAT( Cr.) -62

EPS -14.4

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Mr. Ankit Mehta Mr. Rahul Singh Mr. Ashish Bhat

Pre Issue Share Holding 33.37%

Post Issue Share Holding --%

Listing Details:

Listing Price: 1305.1

Listing Gain: 48.51%

Current Price: 845

Gain On Issue: 845 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jun 26, 2023
Closing Date Jun 29, 2023
Allotment Jun 30, 2023
Refund Jul 03, 2023
Delivery of Shares Jul 03, 2023
Listing Date Jul 04, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 22 14,784
Retail (Max) 13 286 192,192
S-HNI (Min) 14 308 206,976
S-HNI (Max) 67 1474 990,528
B-HNI (Min) 68 1496 1,005,312

Objective of the Issue

1. Repayment/prepayment of certain indebtedness availed by the company 2. Funding working capital requirements 3. Investment in product development 4. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 0 0 0x
Retail 0 0 0x
EMP 0 0 0x
Total 8437500 894796875 106.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Ideaforge Technology Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 14 35 159 186 314 161
Other Income 2 2 2 10 30 21
Total Income 16 36 161 196 344 182
Total Expenditure 26 45 85 138 257 213
Operating Profit -10 -9 77 58 87 -31
Interest 1 2 19 6 5 2
Depreciation 3 4 7 12 21 29
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax -13 -15 50 41 61 -62
Provision for Tax 0 0 6 9 16 -0
Profit After Tax -13 -15 44 32 45 -62
Adjustments 0 0 0 0 0 0
Profit After Adjustments -13 -15 44 32 45 -62
Adjusted Earnings Per Share -6.7 -7.3 21.9 15 10.6 -14.5

Ideaforge Technology Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 68 60 163 325 661 609
Minority's Interest 0 0 0 0 0 0
Borrowings 0 38 0 0 0 0
Other Non-Current Liabilities 2 2 11 9 4 5
Total Current Liabilities 10 24 48 149 68 48
Total Liabilities 80 124 222 483 733 662
Fixed Assets 5 13 26 49 67 97
Other Non-Current Assets 26 29 51 50 64 149
Total Current Assets 49 81 144 384 602 416
Total Assets 80 124 222 483 733 662

Ideaforge Technology Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 11 0 5 30 5 168
Cash Flow from Operating Activities -16 -31 67 -53 76 -77
Cash Flow from Investing Activities 5 -7 -31 -149 -102 -68
Cash Flow from Financing Activities 1 43 -11 176 189 -8
Net Cash Inflow / Outflow -11 5 25 -26 164 -152
Closing Cash & Cash Equivalent 0 5 30 5 168 16

Ideaforge Technology Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -6.68 -7.27 21.88 14.99 10.56 -14.46
CEPS(Rs) -5.3 -5.49 25.5 20.55 15.49 -7.65
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 32.38 25.41 73.94 137.91 151.81 137.47
Core EBITDA Margin(%) -88.43 -30.56 46.76 25.84 18 -32.25
EBIT Margin(%) -91.69 -36.22 43.45 25.05 20.95 -37.26
Pre Tax Margin(%) -96 -41.78 31.47 21.93 19.45 -38.7
PAT Margin (%) -96.05 -42.13 27.6 17.2 14.42 -38.63
Cash Profit Margin (%) -76.19 -31.81 32.17 23.57 21.16 -20.43
ROA(%) -16.9 -14.4 25.46 9.08 7.45 -8.93
ROE(%) -20.64 -25.16 44.04 14.44 9.58 -10.02
ROCE(%) -17.48 -13.69 49.61 16.06 12.27 -9.46
Receivable days 263.73 178.02 50.43 76.65 59.38 113.63
Inventory Days 283.03 180.17 82.8 150.7 117.97 217.92
Payable days 46.02 55.53 54.19 66.61 34.77 41.74
PER(x) 0 0 0 0 65.14 0
Price/Book(x) 0 0 0 0 4.53 2.52
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.38 1.05 -0.18 0.55 8.52 8.65
EV/Core EBITDA(x) -0.53 -4.07 -0.38 1.73 30.77 -45.4
Net Sales Growth(%) 0 148 359.24 16.66 68.81 -48.66
EBIT Growth(%) 0 2.03 650.9 -32.73 41.13 -191.32
PAT Growth(%) 0 -8.78 400.88 -27.31 41.52 -237.58
EPS Growth(%) 0 -8.78 400.87 -31.48 -29.59 -236.95
Debt/Equity(x) 0.08 0.99 0.04 0.29 0 0
Current Ratio(x) 5.1 3.35 3.01 2.57 8.8 8.63
Quick Ratio(x) 3.98 2.39 1.99 1.87 7.36 6.67
Interest Cover(x) -21.29 -6.52 3.63 8.02 13.98 -25.77
Total Debt/Mcap(x) 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -49% 0% 63% 0%
Operating Profit CAGR -136% NAN% 0% 0%
PAT CAGR -238% NAN% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 56% NA% NA% NA%
ROE Average -10% 5% 7% 2%
ROCE Average -9% 6% 11% 6%

Company Contact Information

Ideaforge Technology Ltd.

E L-146, T T C Industrial Area Electronic Zone Midc, Mahape

IPO Lead Manager(s)

Ideaforge Technology Ltd.

IIFL Securities Ltd.

JM Financial Ltd.

Registrar Info

Ideaforge Technology Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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