Ideaforge Technology Limited
Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).
What Ideaforge files
- Others59
- Investor Meet38
- QIP/Rights/Pref.23
- Important16
- Updates9
- PPTs8
ideaForge's FY25-26 sustainability report highlights strong ESG performance: zero lost-time injuries & regulatory penalties, 100% employee training. Revenue hit 226.85 Cr. Ranked 3rd globally in dual-use drones. Environmental metrics were mixed, with focus on product quality & IP protection.
ideaForge Technology closed its Qualified Institutional Placement, allocating 6,289,308 equity shares at ₹795.00 each, a 4.89% discount. The placement successfully raised approximately ₹50 Cr, strengthening the company's financial position.
ideaForge initiated a Qualified Institutional Placement (QIP) of equity shares. The Committee approved opening the issue, setting a floor price of ₹835.86 per share. A discount of up to 5% on the floor price is possible.
ideaForge Tech's audited financial results for FY26 show narrowed losses to ₹19.9 Cr (from ₹62.4 Cr). Revenue surged to ₹226.1 Cr (from ₹161.2 Cr), primarily driven by UAV sales. The company secured significant new current borrowings of ₹72.1 Cr, alongside investing ₹109.5 Cr in R&D.
ideaForge's US subsidiary formed a 50:50 joint venture with First Breach Inc. to manufacture and distribute specific drones in the USA. This strategic move leverages the subsidiary's IP for significant market entry and expansion into the US UAV sector.