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ideaForge Technology IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 14 2 0 0 3
% 73.68 10.53 0.00 0.00 15.79

ideaForge Technology IPO Analysis By Brokers/Analysts

ideaForge Technology IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for ideaForge Technology IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer Rating Score Rating
Capital Market 45 May subscribe

ideaForge Technology IPO Review by Dilip Davda (May apply)

[Dilip Davda]  The company is the Indian leader in the UAS segment. It has posted growth in its top lines but for FY23, its bottom line marked decline due to ESOP impact. Though based on FY23 performance, the issue appears aggressively priced, well-informed/cash surplus investors may consider parking funds for long-term rewards. Read detail review...

ideaForge Technology IPO Peer Comparison

ideaForge Technology Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company NameEPS (Rs)NAV (per share) (Rs)P/E (x)RoNW (%)
EPS BasicEPS Diluted
ideaForge Technology Limited8.558.1286.819.85
MTAR Technologies Limited33.6233.62201.6057.0816.68
Data Patterns India Limited23.8023.80224.0072.8310.62
Astra Microwave Products8.068.0674.1743.8810.87

Notes:

  1. Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders as at the end of the Fiscal period/year divided by the weighted average number of Equity Shares used in calculating basic earnings per share.
  2. All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the annual reports / annual results as available of the respective company for the year ended March 31, 2023, submitted to Stock Exchanges.
  3. P/E Ratio has been computed based on the closing market price of equity shares on BSE on June 14, 2023 divided by the Diluted EPS for the year ended March 31, 2023.
  4. Return on Net Worth is computed as restated net profit / (loss) after tax attributable to equity holders of our Company divided by restated Net Worth for Equity Shareholders of our Company.

ideaForge Technology IPO Review by Members

ideaForge Technology IPO Reviews, analysis and views by popular members. Read ideaForge Technology Limited IPO reviews by retail investors to find recommended ipo to buy.

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ideaForge Technology IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 15 0 0 0
% 100.00 0.00 0.00 0.00
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Member Review
ShreeRam IPO

Apply for Long Term at Cut-off Price

Storng Business potencial

June 29, 2023 7:03:45 PM
newgen consultancy
IPO Guru IPO Guru (3400+ Posts, 6600+ Likes)

Apply for Listing Gain at Upper Price Band

The valuations after listing would be super expensive so exit in short term
Can't afford at a PE of 130

June 26, 2023 9:29:55 PM
Crow
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)

Apply for Listing Gain at Cut-off Price

Other than the high asking price (P/E for 87) and being over-dependent on the defense sector, I don't see any negative in ideaForge. With a GMP that's inching closer to 100% and the mindblowing Dec 2022 listing of DroneAcharya, there is no reason not to ride this IPO euphoria. Retail allotment will be very tough so apply only on the 4th day to avoid locking your funds from now. Thanks.

June 26, 2023 1:42:21 PM
Palka
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)

Apply for Listing Gain at Upper Price Band

VERY GOOD COMPANY ... TRY TO APPLY IN BHNI... BETTER CHANCES OF ALLOTMENT

June 26, 2023 12:53:37 PM
Chem cho
IPO Guru IPO Guru (2600+ Posts, 2700+ Likes)

Apply for Listing Gain at Cut-off Price

listing gains ,
you can also hold 50% allotment for long term

I Like It. 1

June 26, 2023 10:26:45 AM
Mahesh M ojha

Apply for Listing Gain at Upper Price Band

*ideaForge Technology Limited*

*Hensex -OUTLOOK:*
Apply for Listing Gains as well as for Long Term Investment
ideaForge Technology Limited is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (“UAS”) (Drone) market. It had a market share of approx 50% in Fiscal 2022
Ideaforge primarily cater to customers with applications for surveillance, mapping and surveying.
Ideaforge ranked 7th globally in the dual-use category

June 24, 2023 1:16:16 AM
Ajay Trivedi

Apply for Long Term at Upper Price Band

The company is a market leader in the Indian Unmanned Aircraft Systems ("UAS") market with a market share of approximately 50% in fiscal 2022.
The company has been ranked 7th globally in the dual-use category (civil and defense) drone manufacturers. The Stock is for portfolio.

I Like It. 1

June 23, 2023 5:52:35 PM
Ankit Dhakad

Apply for Long Term at Cut-off Price

With increasing adoption in the defence, security and commercial sectors, the drone industry has seen significant growth in recent years. The future of this type of company is bright. So you can apply for both listing gains and long term hold in this IPO.

I Like It. 1

June 22, 2023 1:14:05 PM
Capital Investors

Apply for Long Term at Upper Price Band

Next Generation company with technology .

June 22, 2023 10:25:14 AM
Raaj The Original

Apply for Long Term at Cut-off Price

Lambi race ka ghoda

June 21, 2023 12:14:42 AM
MVP RAJKOT

Apply for Short Term at Upper Price Band

Will get huge subscription. Try your luck

June 20, 2023 12:27:52 AM
nbodara

Apply for Long Term at Upper Price Band

growing market, low competition, heavy customer base, high end clients eg, mining, real estate, expanded use by police and armed forces.

June 19, 2023 1:24:37 PM
Smile✍️
IPO Guru IPO Guru (1800+ Posts, 1100+ Likes)

Apply for Listing Gain at Upper Price Band

Blind apply can hold for long term

June 16, 2023 5:48:42 PM
HNISJao

Apply for Listing Gain at Upper Price Band

Subscribe

June 16, 2023 2:16:15 PM
B.M.SURANA
IPO Guru IPO Guru (2700+ Posts, 5300+ Likes)

Apply for Listing Gain at Upper Price Band

Daba kar Apply karo
KhelaHobe

I Like It. 3

June 16, 2023 1:30:40 PM

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  • The recommendations or analysis of public issues posted above expresses the views of its author and does not represent the views of Chittorgarh.com or its staff.
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2 Comments

2. jagdish badokar     Link|July 6, 2023 11:36:24 AM
Experts pls advise how many lots to apply in SHNI and BHNI category for higher chances of allocation. I mean what is the ratio w.r.t. to subscription. Thanks
1. Pankaj Kumar Srivastava     Link|June 21, 2023 4:49:34 PM
Dear @ADMIN,
Can reccomendation of IPO Apply/avoid be allowed for IPO Mentor, IPO Guru only? They are expert can can guide us better.
Regds