Ideafroge Technology is the most reputed drone manufacturing company in India. Idea’s drone will be used in agriculture, construction, and mining, operation.
| IPO DATE | JUN 26 – JUN28,2023 |
| ALLOTMENT DATE | JULY 4,2023 |
| FACE VALUE | 10 |
| PRICE RANGE | 668-672 |
| LOT SIZE | 22 |
LOT SIZE
| APPLICANT | LOTS | SHARES | AMOUNT(₹) |
| RETAIL(MIN) | 1 | 13 | 14,784 |
| RETAIL(MAX) | 13 | 286 | 1,92,192 |
| S-HNI(MIN) | 14 | 308 | 2,06,976 |
| S- HNI(MAX) | 67 | 1,474 | 9,90,528 |
IPO RESERVATION
| ANCHOR INVESTOR | 45% |
| QIB | 30% |
| NII(HNI) | 15% |
| RETAIL | 10% |
| EMPLOYEE | <1% |
| TOTAL | 100% |
PROMOTER HOLDING
| PRE ISSUE HOLDING | 33.37% |
| POST ISSUE HOLDING |
BALANCE SHEET
| PERIOD | ASSETS | REVENUE | PROFIT AFTER TAX | NET WORTH | RESERVES | BORROWING |
| 31- MAR 2020 | 79 | 16.30 | (13.45) | 68.12 | 68 | 5.30 |
| 31- MAR 2021 | 123.74 | 36.34 | (14.63) | 59.63 | 59.63 | 50 |
| 31- MAR 2022 | 222.23 | 161.45 | 44.01 | 163.50 | 110.28 | 5.68 |
| 31- MAR 2023 | 487.93 | 196.40 | 31.99 | 320.7 | 86.50 |
INDICATOR
| P/E | 87.54 |
| MAR CAP. | 2800 |
| ROE | 13.11% |
| ROCE | 12.51% |
| EPS | 7.6 |
| RoNW | 9.83% |
GMP (GREY MAARKET PREMIUM)
| TODAY (02- JULY) | |
| 01- JULY | |
| 30-JUN | 550 |
| 29-JUN | 550 |
| 28-JUN | 550 |
| 27-JUN | 550 |
| 26-JUN | 450 |
EXPECTED GMP OF THIS IPO-81%
CONCLUSION
ACCORDING TO THE DETAILS, IDEAFORGE IS ONE OF THE GROWING DRONE MANUFACTURING COMPANY IN INDIA. AND THE BALANCE SHEET OF THIS COMPANY IS GOOD.
RESULT- APPLY
COMPANY DETAILS-
ideaForge Technology Limited
EL-146 TTC Industrial Area,
Electronic Zone, MIDC Mahape,
Navi Mumbai – 400 710
Phone: +91 84476 12778
Email: business@ideaforgetech.com
Website: https://ideaforgetech.com/