Ideaforge Technology Ltd

(IDEAFORGE)

Ideaforge Technology Ltd Formerly known ideaForge Technology Private Limited was incorporated on February 8 2007 as a Private Limited Company dated February 8 2007 issued by the RoC at Mumbai. Upon the conversion of Company into a Public Company the name of Company was changed to ideaForge Technology Limited and a fresh Certificate of Incorporation dated January 2 2023 was issued by the RoC.The Company is the pioneer and the preeminent market leader in the Indian unmanned aircraft systems UAS market. The manufacturing facility situated in Navi Mumbai Maharashtra is equipped with advanced equipment modern technology with automation systems. The product portfolio consists of hardware which primarily includes Unmanned Aerial Vehicles UAVs payloads batteries chargers and communication system software and embedded subsystems including the GCS software which enables the controlling and management for UAVs and autopilot subsystem which enables remote control and autonomous completion of flights and solutions which enables industry/ application specific software. The Company had largest operational deployment of indigenous UAVs across India with an ideaForge manufactured drone taking off every five minutes on average for surveillance and mapping. The indigenous design and technological capabilities allowed the Company to design develop engineer and manufacture UAVs inhouse with a control on performance reliability and autonomy. UAVs have a fully integrated system relying on complex avionics and electromechanical designs and advance programming. The software architecture of such advanced programming is based on complex and interdependent applications including unencrypted signal mechanisms. For instance ground control station GCS software enables UAVs to achieve higher safety and lower on field effort for the pilot such as takeoff area suitability check coverage area check and target location coverage check for offsite mission planning prior to deployment. Further their AI based image intelligence features which are equipped in UAVs help in people detection and target tracking and certain UAVs also have motion detection feature that helps in surveillance. These products are deployed in high security surveillance activities involving sensitive and confidential data.The Company indigenously developed and manufactured vertical takeoff and landing VTOL UAVs in India in 2009. The RYNO UAV provides mapping solutions and Q4i NETRA V4 and SWITCH UAVs provide surveillance and disaster relief solutions to customers for different operating environments and applications. An early prototype of VTOL UAV quadrotor helicopter was featured in a popular Bollywood movie in 2009 which is one of the few original equipment manufacturers OEMs globally to have its own proprietary autopilot subsystem and ground control software. In 2016 the Company developed the first hybrid VTOL drone with fixed wings in India known as the SWITCH UAV. It was the first to participate in the demonstration of 5G enabled UAVs at the Indian Mobile Congress in 2018.The Company is proposing a Public Offer of raising capital upto Rs 300 crore equity shares through fresh issue and by issuing upto 4869712 equity shares through Offer for Sale..

Share Price: ₹567.85 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹2,444.55Cr as of today
Revenue: ₹37.10Cr as on September 2024 (Q3 24)
Net Profit: ₹-13.73Cr as on September 2024 (Q3 24)
Listing date: 07 Jul, 2023
Chairperson Name: Srikanth Ramakrishna Velamakanni