Ideaforge

The company is focusing on achieving profitability in the near term which will depend on its ability to secure new orders

As India-Pakistan tensions flare, IdeaForge says its drones are already in action

Ankit Mehta, CEO and co-founder of IdeaForge, told Moneycontrol that the company is prepared to meet a surge in demand, if the situation escalates.

ideaForge reduces reliance on imports for drone production, boosts R&D spend

ideaForge faces challenges entering the competitive US market due to strong incumbents and entrenched platform preference, however CEO Ankit Mehta notes that geopolitical changes have made conventional platforms less accessible, prompting a search for diversified fleets

IdeaForge Technology: Improving business a sign of possible stock rerating

Strong orders in hand, technology leadership, huge opportunities, and product and market expansion augur well for the company

Live: ideaForge Tech Q3 profit at ₹14.8 cr | Stock at 52-week high l Mgmt speaks l Earnings Express

ideaForge in the December quarter reported a net profit of Rs14.8 crore, compared to a net loss of Rs 7.8 crore in the same period last year. Revenue for the quarter increased to Rs 90.9 crore from Rs 7.8 crore last year. ideaForge's IPO was one of the most successful listings of 2023, with its shares having doubled from the IPO price. The stock had ended its trading debut with gains of 92%. Catch Moneycontrol's Nickey Mirchandani, in conversation with company's management for more details

IPO fundraising dips 26% in H1 FY24, but retail investor confidence remains high, shows data

Of the 31 IPOs that hit the market in H1 FY24, as many as 21 were rolled out in August and September, according to data from PRIME Database

Investor doubles down on Indian drone startups after IdeaForge bet soars

The largest single investor in IdeaForge Technology Ltd. is doubling down on India’s drone-making sector after an early bet on the Mumbai-listed company generated a return of almost 600%.

Live: Meta launches Threads | Ideaforge to List on D-Street | Global rice prices soar | Newspresso

We bring you the latest updates from global markets, D-Street & the emerging trends. Global rice prices which are already at an 11-year high are set to rise further. Billionaire Gautam Adani-led Adani Green announced that it intends to raise funds to the tune of Rs 12,300 crore. Meanwhile on the trends sector Elon Musk threatens Mark Zuckerberg over a lawsuit, says, competition & cheating is different. Watch this edition of Newspresso with Moneycontrol’s Stacy Pereira & get the latest updates on news across the world.

What are drone laws in India? | Explained

We all love seeing perfect top shots! Whether on vacations, weddings, or even in defense deals and IPOs — drones are everywhere these days. Ever wanted to get hold of one to take aesthetically pleasing shots? Well, before you go ahead and order a drone for yourself do not forget to check out the Drone Laws in India. This video will tell you all about drones & no-fly zones… Watch!

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.

Ideaforge Technology floats IPO today: All you need to know about the company

The issue price band has been set at Rs 638 to Rs 672 per share by the company. They aim to raise about Rs 567 crore from the IPO, which is a blend of fresh equity shares of Rs 240 crore as well as an offer for sale of equity shares worth Rs 327 crore.

IdeaForge IPO opens today. Will it soar or come a cropper?

IdeaForge IPO: Analysts highlight the company’s leadership position, strong financial growth and relationship with customers among key strengths. Negative cash flow and working capital gap remain a worry

Ideaforge IPO: Are you looking at a long-term compounder?

With the govt restricting import of drones and focusing on the domestic space, Ideaforge has a bright future. It is already sitting on an order book of close to Rs 192 crore on an annual revenue of Rs 186 crore

After drone explosion, IPO-bound ideaForge to issue additional safety guidelines for customers

The Drone Federation of India will also develop best practices and standard operating procedures and recommend them to the industry

Drone maker ideaForge of '3 Idiots' fame files for IPO

Backed by Qualcomm and Infosys, the drone maker was founded by IIT Bombay alumni and co-established by former Blackstone executive Mathew Cyriac. ideaForge is backed by the likes of Qualcomm, Infosys and Florintree Capital Partners

Drone manufacturers upset over long authorisation process for exports

Industry stakeholders raised the issue during a recent meeting with Minister of Civil Aviation Jyotiraditya Scindia

Drone manufacturer ideaForge raises $20 million led by Florintree, to invest in international expansion

Founded in 2007, ideaForge has bagged repeat contracts from the Indian Army for its SWITCH UAVs. Its customers also include the Indian Navy, Air Force, State Police Forces, BSF, NSG, CRPF, Adani, L&T, Indian Oil, Survey of India, and Indian Railways.

L&T, ideaForge sign pact for unmanned systems

"L&T and ideaForge...have entered (into) an MoU (memorandum of understanding) to offer drones and allied systems for defence use," the company said in a filing to the BSE.

Netra: Unmanned aerial vehicle located missing survivors

One of the several technology innovations that was used extensively in the rescue operations at Uttarakhan came from an IIT Mumbai incubated startup, Young Turks from 2008 - ideaForge. It was called Netra - an unmanned aerial vehicle.

ideaForge's flying machine

Founded by Ankit Mehta, Vipul Joshi, Rahul Singh and Amardeep Singh­­, ideaForge has developed a product to assist defense and security forces in their activities by sending images or a real-time video of within a radius of 2.5 kilometers