Ideaforge Technology Limited
Start Date26-06-2023
Application Timing10am-5pm
Price Range₹638 - ₹672
Min Qty22
Min. Investment₹14036
Listing Date07-07-2023
Close Date30-06-2023

About Ideaforge Technology Limited

Ideaforge Technology Limited is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (“UAS”) market, with a market share of approximately 50% in Fiscal 2022. They 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 as of Fiscal 2023. Their customers have completed over 350,000 flights using their UAVs as of March 31, 2023.  They believe that their growth over the years is attributable to their indigenous design and technological capabilities, their ability to invent, design and deliver customer-centric offerings (i.e., hardware, software, and solutions) and their vertically integrated operations. These capabilities allow us to design, develop, engineer, and manufacture our UAVs in-house with control over performance, reliability, and autonomy. Their UAV platforms are architected with a ‘mission first’ approach i.e., to deliver UAVs which meet the requirements of their customers and which, They believe, 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, we also have the distinction of being the first company to indigenously develop and manufacture vertical take-off and landing (“VTOL”) UAVs in India in 2009.

Why To Invest in Ideaforge Technology Limited

  1. Ideaforge Technology Limited 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. 
  2. Ideaforge Technology Limited has grown at a CAGR of 131.47% in terms of revenue from operations over the last three Fiscals, with a Return on Capital Employed of 12.51% in Fiscal 2023. 
  3. Their UAVs are equipped with industry-leading specifications and capabilities, comparable to those of other established global players in the UAV industry (Source: 1Lattice Report).
Strengths And Risks
Drone technology is a sunrise industry: Drone technology is a sunrise industry, with India having huge potential to become the drone hub of the world. The global industry has grown at 19% CAGR from 2018 to 2022 and the company is a pre-eminent market leader in the Indian UAV space having indigenous technology and an in-house manufacturing facility.
Patented Technology: Ideaforge Technology Limited has filed 62 patents, including 28 patents filed in India and 38 patents filed internationally.
Backed by Investors: Ideaforge Technology Limited is backed by prestigious investors such as Infosys Ltd, Qualcomm, and Asia Pacific Pte. Ltd.
Highly Regulated Market: The industry in India is highly regulated, and failing to comply with regulations may impact the company’s operational and financial performance.
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