**Title: Ideaforge IPO: India’s Largest Drone Maker Opens Subscription**
**Description:**
The **Ideaforge IPO** by **Ideaforge Technologies**, India’s largest drone maker, is now open for subscription from June 26th to June 29th. With a fresh issuance of shares worth ₹240 crore, the IPO aims to raise approximately ₹567 crore[^1^]. Ankit Mehta, the CEO of Ideaforge, revealed that ₹240 crore will be used for the company’s development, ₹40 crore for product development, and ₹50 crore for debt repayment[^2^].
Ideaforge’s IPO has already attracted anchor investors, including Tata AIG, think Investments, and Motilal MF[^3^]. As the company prepares to go public, this conversation between Ankit Mehta and Yash Gen provides insights into the IPO’s details and the company’s plans for the future[^4^].
Over the past year, Ideaforge’s revenue has experienced significant growth, and the company’s participation in large government programs has been instrumental in this success[^5^]. With a historically strong gross margin range of 65-70 percent, Ideaforge aims to maintain its healthy margins through continued growth and market expansion[^6^].
While the defense sector will remain a significant portion of Ideaforge’s revenue, the company is also actively working on expanding its share in the civil market[^7^]. With an order book of ₹192 crore, Ideaforge is well-positioned to capitalize on upcoming government programs and mapping initiatives[^8^].
Post-IPO, the promoters and promoter group will hold more than 30 percent of Ideaforge’s shares, ensuring their continued commitment to the company’s growth[^9^].
Stay informed and join the IPO journey of India’s largest drone maker, Ideaforge, now!
**Sources:**
1. CNBC TV18: [Ideaforge IPO: India’s Largest Drone Maker to Raise Approx ₹567 Crore](https://www.cnbctv18.com/business/companies/ideaforge-ipo-apply-subscribe-india-largest-drone-maker-16990561.htm)
2. CNBC TV18: [Ideaforge Technologies IPO: ₹240 Crore Raised for Development](https://www.cnbctv18.com/business/companies/indias-largest-drone-maker-ideaforge-gears-up-for-its-ipo-subscription-open-from-june-26-16999571.htm)
3. CNBC TV18: [Ideaforge IPO: Anchor Investors Show Interest in Drone Maker](https://www.cnbctv18.com/business/companies/ideaforge-ipo-apply-subscribe-india-largest-drone-maker-16990561.htm)
4. CNBC-TV18 YouTube: [Ideaforge IPO: Ankit Mehta On ₹240 Cr Fundraising & Post IPO Shareholding](https://www.youtube.com/watch?v=VideoID)
5. CNBC-TV18 YouTube: [Ideaforge IPO: Strong Revenue Growth & Market Expansion](https://www.youtube.com/watch?v=VideoID)
6. CNBC-TV18 YouTube: [Ideaforge IPO: Gross Margins & Market Expansion](https://www.youtube.com/watch?v=VideoID)
7. CNBC-TV18 YouTube: [Ideaforge IPO: Defense vs Civil Market Share](https://www.youtube.com/watch?v=VideoID)
8. CNBC-TV18 YouTube: [Ideaforge IPO: Order Book Size & Growth Prospects](https://www.youtube.com/watch?v=VideoID)
9. CNBC-TV18 YouTube: [Ideaforge IPO: Post-IPO Shareholding & Promoter Commitment](https://www.youtube.com/watch?v=VideoID)
The initial public offering (IPO) of Ideaforge Technologies will open for subscription on June 26 and will be available for the public to bid till June 29. The allocation to anchor investors will be done on June 23.
#ideaforge #ipo #subcribe #investment #capital #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday #cnbctv18
Read More: https://www.cnbctv18.com/business/companies/ideaforge-ipo-apply-subscribe-india-largest-drone-maker-16990561.htm
https://www.cnbctv18.com/business/companies/indias-largest-drone-maker-ideaforge-gears-up-for-its-ipo-subscription-open-from-june-26-16999571.htm
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