ThoughtForge is a drone production corporate that gives drone answers like surveillance, mapping, and inspection to their purchasers. They are one of the crucial marketplace leaders within the Indian unmanned plane techniques (“UAS”) marketplace (Source: 1Lattice Report). They ranked seventh globally within the dual-use class (civil and protection) drone producers in December 2022 (Source: 1Lattice Report).
They have Indian unmanned plane techniques (UAS) marketplace proportion of round 50% in FY 2022. conceptForge is a vertically built-in corporate that designs and manufactures world-class drones for mapping, safety, and surveillance packages. Their UAVs are supplied with industry-leading specs and features, similar to these of alternative established world gamers within the UAV {industry}.
ThoughtForge raises ₹60 crores within the pre-IPO spherical at a valuation of about ₹2,500 crore, banking resources instructed Economic Times (ET). conceptForge Technology raises Rs 254.88 crore by means of anchor e book forward of IPO – Some of the traders identify come with Pinebridge Global Funds, Nomura Funds, Ashoka India Equity Investment Trust Plc, HSBC Mutual Fund, Goldman Sachs Funds and Carmignac Portfolio.
Objects of the Issue
- Repayment/prepayment of positive indebtedness availed by means of our Company;
- Funding running capital necessities;
- Investment in product construction; and
- General company functions
ThoughtForge IPO Review (Apply or Not)
Brokerage Firm IPO Review
- Arihant Capital Markets: Apply
- BP Equities: Apply
- Choice Equity Broking: Apply
- GEPL Capital Ltd: Apply
- Hem Securities: Apply
- Marwadi Shares: Apply
- Motilal Oswal: Apply
- SBICAP Securities: Apply
- Swastika Investmart: Apply
ThoughtForge IPO Date & Price Band Details
| IPO Open: | June 26, 2023 |
| IPO Close: | June 30, 2023 |
| IPO Size: | Approx ₹567 Crores |
| Fresh Issue: | Approx ₹240 Crores |
| Offer for Sale: | Approx 4,869,712 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹638 to ₹672 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
ThoughtForge IPO Market Lot
The ThoughtForge IPO minimal marketplace lot is 22 stocks with ₹14,784 software quantity. The retail traders can follow up-to 13 loads with 286 stocks or ₹192,192 quantity.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 22 | ₹14,784 |
| Retail Maximum | 13 | 286 | ₹192,192 |
| S-HNI Minimum | 14 | 308 | ₹206,976 |
| B-HNI Minimum | 68 | 1496 | ₹1,005,312 |
ThoughtForge IPO Allotment & Listing Dates
The ThoughtForge IPO date is June 26 and the shut date is June 30. The ThoughtForge IPO allotment shall be finalized on July 4 and the IPO checklist on July 7.
| Price Band Announcement: | June 21, 2023 |
| Anchor Investors Allotment: | June 23, 2023 |
| IPO Open Date: | June 26, 2023 |
| IPO Close Date: | June 30, 2023 |
| Basis of Allotment: | July 5, 2023 |
| Refunds: | July 6, 2023 |
| Credit to Demat Account: | July 7, 2023 |
| IPO Listing Date: | July 10, 2023 |
You can take a look at IPO subscription standing and IPO allotment standing on their respective pages.
ThoughtForge IPO Form
How to use for the ThoughtForge IPO? You can follow for ThoughtForge IPO by means of ASBA to be had to your checking account. Just move to the web financial institution login and follow by means of your checking account by means of settling on the ThoughtForge IPO within the Invest segment. The different possibility is you’ll follow for ThoughtForge IPO by means of IPO paperwork downloaded by means of NSE and BSE. Check out the ThoughtForge paperwork – Click BSE Forms & NSE Forms clean IPO paperwork obtain, fill, and publish to your financial institution or along with your dealer.
ThoughtForge Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹16.32 | ₹29.76 | ₹13.45 |
| 2021 | ₹36.32 | ₹50.84 | ₹14.63 |
| 2022 | ₹161.45 | ₹112.27 | ₹44.01 |
| 2023 6M | ₹143.44 | ₹83.95 | ₹45.21 |
ThoughtForge IPO Valuation – FY2022
Check ThoughtForge IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.
| Earning Per Share (EPS): | ₹13.84 consistent with Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.95% |
| Net Asset Value (NAV): | ₹51.36 consistent with Equity Share |
Peer Group
- MTR Technologies Limited
- Data Patterns India Limited
- Astra Microwave Products
- Ankit Mehta
- Rahul Singh
- Ashish Bhat
ThoughtForge IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: [email protected]
Website: www.linkintime.co.in
ThoughtForge IPO Allotment Status Check
Check ThoughtForge IPO allotment standing on Linkintime web page allotment URL. Click Here
ThoughtForge IPO Lead Managers aka Merchant Bankers
- JM Financial Limited
- IIFL Securities Limited
Company Address
IDEAFORGE TECHNOLOGY LIMITED
EL-146, TTC Industrial Area,
Electronic Zone MIDC, Mahape,
Navi Mumbai, Thane 400 710, Maharashtra
Phone: +91 226787 5000
Electronic mail: [email protected]
Website: www.ideaforgetech.com
ThoughtForge IPO FAQs
What is ThoughtForge IPO?
When ThoughtForge IPO will open?
What is ThoughtForge IPO Investors Portion?
How to Apply the ThoughtForge IPO?
How to Apply the ThoughtForge IPO thru Zerodha?
How to Apply the ThoughtForge IPO thru Upstox?
How to Apply the ThoughtForge IPO thru Paytm Money?
What is ThoughtForge IPO Size?
What is ThoughtForge IPO Price Band?
What is ThoughtForge IPO Minimum and Maximum Lot Size?
What is the ThoughtForge IPO Allotment Date?
ThoughtForge IPO allotment date is July 5, 2023.
What is the ThoughtForge IPO Listing Date?
ThoughtForge IPO checklist date is July 10, 2023. The IPO is to record on BSE and NSE.
Note: The ThoughtForge IPO worth band and date are formally introduced. The IPO gray marketplace top class (ThoughtForge IPO Premium) shall be added to the IPO gray marketplace web page as it’s going to get started).
Follow for the Upcoming IPO news and their opinions, additionally stay following us on Twitter, Facebook, and Instagram. For our newest movies, subscribe to our YouTube channel.
Read Also:
- HMA Agro IPO Date, Review, Price, Allotment, Analysis
- ThoughtForge IPO Date, Review, Price, Allotment, Analysis
- Cyient DLM IPO Date, Review, Price, Allotment, Analysis
- PKH Ventures IPO Date, Review, Price, Allotment, Analysis
- Senco Gold IPO Date, Review, Price, Allotment, Analysis
– Source : IPOWATCH