Leading drone maker Ideaforge raises Rs 254 cr from anchor financiers ahead of IPO

Synopsis IdeaForge has actually raised funds from anchor financiers. Amongst the various taking part financiers were Nomura, Invesco, Goldman Sachs, and Tata AIG General Insurance. IdeaForge has a substantial share in the Indian unmanned airplane systems market at approximately 50%. iStockIndia’s leading drone maker Ideaforge has actually raised about Rs 254 crore from anchor financiers ahead of its IPO. The business has actually assigned 37.92 lakh equity shares in the anchor round at Rs 672 each. A few of the leading domestic and foreign financiers took part in the round, consisting of Nomura, Invesco, HSBC, ICICI Pru MF, Mirae Asset MF, HDFC MF, Goldman Sachs. IdeaForge has actually raised about Rs 60 crore in a pre-IPO round, which likewise saw involvement of marquee financiers like Tata AIG General Insurance, 360 One Asset Management. The business is a leader in the Indian unmanned airplane systems (UAS) market, with a share of around 50% since FY22. The general public deal will strike the marketplaces on June 26 and close on June 29. The cost band for the concern is set at Rs 638-672 per share, and at the upper end, the business prepares to raise about Rs 567 crore. About 75% of the net deal is booked for the QIB part, 15% for non-institutional financiers and 10% is reserved for retail financiers. The business had actually submitted draft documents with markets regulator Sebi previously in February and got approval for the exact same last month. The IPO makes up a fresh problem of equity shares of as much as Rs 240 crore and a market (OFS) of as much as 48.6 lakh shares by offering investors. Under the OFS, Ashish Bhat will offer
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