The Hindu | Drone maker ideaForge Technology files IPO papers with SEBI
The Hindu | Drone maker ideaForge Technology files IPO papers with SEBI
Drone maker ideaForge Technology has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering (IPO).
The public issue comprises fresh issue of equity shares worth ₹300 crore and an offer for sale (OFS) of 48,69,712 equity shares by one of the promoters and existing shareholders, according to the draft red herring prospectus (DRHP).
Founded in 2007, the Mumbai-based company has the largest operational deployment of indigenous Unmanned Aerial Vehicles (UAVs) across India.
Drone maker ideaForge Technology has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering (IPO).
The public issue comprises fresh issue of equity shares worth ₹300 crore and an offer for sale (OFS) of 48,69,712 equity shares by one of the promoters and existing shareholders, according to the draft red herring prospectus (DRHP).
Founded in 2007, the Mumbai-based company has the largest operational deployment of indigenous Unmanned Aerial Vehicles (UAVs) across India.
