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Ideaforge Technology IPO Details & Review @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.

Who are the promoters of Ideaforge Technology IPO? 
ANKIT MEHTA, RAHUL SINGH AND ASHISH BHAT

What is the business of Ideaforge Technology?

Indiaforge is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems market, with a market share of approximately 50% in Fiscal 2022. It had the largest operational deployment of indigenous UAVs across India, with an ideaForge manufactured drone taking off every
five minutes on average for surveillance and mapping during the nine months ended December 31, 2022 . Its customers have completed over 300,000 flights using its UAVs as of December 31, 2022
. It ranked 7th globally in the dual-use category (civil and defence) drone manufacturers
as per the report published by Drone Industry Insights in December 2022. it has grown at a CAGR of 237.48% in terms of revenue from operations over the last three Fiscals, with a Return on
Capital Employed of 49.63% in Fiscal 2022.

Its UAVs are equipped with industry leading specifications and capabilities, comparable to those of other established global players in the UAV industry. It believes that its growth over the
years is attributable to its indigenous design and technological capabilities, its ability to invent, design and deliver customer centric offerings (i.e., hardware, software and solutions) and its vertically integrated operations.
These capabilities allow it to design, develop, engineer and manufacture its UAVs in-house with a control on performance, reliability and autonomy. Its UAV platforms are architected with a ‘mission first’ approach i.e., to deliver UAVs which meet the requirements of our customers and which, it believes, can reliably sustain a large number of flights and are capable of being autonomously operated without special skills or training. In addition to being among the first few players in India to enter the UAV market, it also has the distinction of being the first company to indigenously develop and manufacture vertical take-off and landing UAVs in India in 2009. It is also the first company to participate in the demonstration of 5G enabled UAVs at the Indian Mobile Congress in 2018. An early prototype of its VTOL UAV (quadrotor helicopter) was also featured in a popular Bollywood movie in 2009.

It is one of the few original equipment manufacturers globally to have its own proprietary autopilot sub-system and ground control software. As a result of its continuous product development and innovation efforts, it has filed 62 patent applications, which comprise of 34 applications filed internationally and 28 patent
applications filed in India, as on February 8, 2023. A validation of its product competency and an example of global acceptance of its product was when its product SWITCH UAV, according to the 1Lattice Report, won the largest mini-VTOL UAV contract in March 2022, against global competitors from Russia, Israel, France, Ukraine and other countries.

For more information, click www.ideaforgetech.com

What is the object of Ideaforge Technology IPO?
This is only an offer for Sale.

Ideaforge Technology IPO Details & Review

Ideaforge Technology IPO Details & Review

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