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IdeaForge's ₹567-cr IPO opens on 26 Jun
Mint Mumbai
|June 22, 2023
Mumbai-headquartered drone maker, IdeaForge Technology, on Wednesday announced that its ₹567-crore initial public offering (IPO) will open for subscription on 26 June
Mumbai-headquartered drone maker, IdeaForge Technology, on Wednesday announced that its ₹567-crore initial public offering (IPO) will open for subscription on 26 June. Ankit Mehta, chief executive of IdeaForge, told Mint the company will use the capital raised to build “tactical-grade and middle-mile drones", and expand its scope of business.
The IPO was cleared by the Securities and Exchange Board of India (Sebi) last month, after IdeaForge filed its draft red herring prospectus (DRHP) with the regulator in February. The company has a ₹638-672 per share price band, in lots of 22 shares.
This story is from the June 22, 2023 edition of Mint Mumbai.
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