Ideaforge Ipo

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India’s drone industry shaping up to be a disruptive force

The Ideaforge IPO document gives us a closer look at the drones industry, a technology that’s becoming a staple not just in military applications but in the economy as well
ESOP payouts hit Ideaforge margins, CFO hopes to cut down such expenses

The company anticipates that it will not grow at the same pace as the Indian drone industry, which is expected to grow at least 18 times over the next five years as it does not plan to venture into the consumer and agri-spray drone segments.
IdeaForge Tech CEO Ankit Mehta on going public: IPO issue subscribed within hours on Day 1

The initial public offering (IPO) of drone maker IdeaForge Technology was fully subscribed to by the afternoon on June 26, the first day of bidding. The offer received bids for 73.93 lakh equity shares against an issue size of 46.48 lakh, the latest data on exchanges showed, which means the issue was subscribed 1.59 times. Retail investors bought 6.15 times their allotted quota and employees 4.28 times the small portion set aside for them. As many as 13,112 shares have been set aside for employees who get them at a discount of Rs 32 a share to the final issue price. Catch Moneycontrol in an exclusive conversation with Ankit Mehta, CEO, IdeaForge Technology.

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Ideaforge Ipo

India’s drone industry shaping up to be a disruptive force

ESOP payouts hit Ideaforge margins, CFO hopes to cut down such expenses

IdeaForge Tech CEO Ankit Mehta on going public: IPO issue subscribed within hours on Day 1