IdeaForge Tech’s IPO will open on June 26, investors can invest till June 29
[ad_1]
New Delhi: In the past, many companies have come to the market with their IPOs. Those who invested in it got bumper profits. At the same time, investors had to bear losses in some IPOs. Now soon the IPO of another company is going to open in the market. This IPO is of IdeaForge Tech IPO. It is now in the process of getting listed. Ideaforge Technologies’ IPO will open for subscription on June 26. Investors will be able to invest in this IPO till June 29. The allotment to anchor investors will be done on June 23. The company has fixed a price band of Rs 638-672 per share.
The issue size of the company at the upper price band will be Rs 567 crore. The company had filed documents with market regulator Sebi in early February this year. The company had got approval for this only last month. Let us tell you that IdeaForge Technology, India’s largest drone manufacturing company, has raised about Rs 60 crore in the pre-IPO round.
The issue size of the company at the upper price band will be Rs 567 crore. The company had filed documents with market regulator Sebi in early February this year. The company had got approval for this only last month. Let us tell you that IdeaForge Technology, India’s largest drone manufacturing company, has raised about Rs 60 crore in the pre-IPO round.
Pre-IPO placement is also an investment round in a way, but it is the last round of private investment. After this comes the IPO of the company and the company gets listed in the stock market. The success story of Idea Forge is very inspiring in itself. Idea Forge, which started as an IIT project, has today become one of the successful startups in India.
Idea Forge manufactures drones for dual use i.e. for both security and civil use. The company has projects for making drones for the Army, DRDO and State Police. In the year 2021, the company had signed a deal with the Army for $ 20 million, or about Rs 160 crore. Under this contract, the company has to make 200 drones for the surveillance of the army.
[ad_2]
Source link
