{"id":586568,"date":"2023-06-24T09:22:00","date_gmt":"2023-06-24T03:52:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=586568"},"modified":"2023-06-24T09:55:24","modified_gmt":"2023-06-24T04:25:24","slug":"drone-manufacturing-firm-ideaforge-raises-rs-255-cr-from-anchor-investors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/drone-manufacturing-firm-ideaforge-raises-rs-255-cr-from-anchor-investors\/","title":{"rendered":"Drone manufacturing firm ideaForge raises Rs 255 cr from anchor investors"},"content":{"rendered":"<p>IdeaForge Technology, a drone manufacturer, allotted shares worth Rs 255 crore to anchor investors on Friday. The allotment was done at Rs 672 per share\u2014the top-end of the price band. Pinebridge, Nomura, Tata AIG, Invesco, Axis MF were among the anchor investors. <\/p>\n<p>The company\u2019s IPO opens for subscription on Monday. ideaForge is looking to issue new shares worth Rs 240 crore in the IPO, which will also see Rs 327 crore worth of secondary sale. <\/p>\n<p>\u201cConsidering the FY23 Annualized EPS of Rs 7.68 on a post issue basis, the company is going to list at a P\/E of 87.5x with a market cap of Rs 2,800 crore,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IdeaForge Technology, a drone manufacturer, allotted shares worth Rs 255 crore to anchor investors on Friday. The allotment was done at Rs 672 per share\u2014the top-end of the price band. Pinebridge, Nomura, Tata AIG, Invesco, Axis MF were among the anchor investors. The company\u2019s IPO opens for subscription on Monday. ideaForge is looking to issue new shares worth Rs 240 crore in the IPO, which will also see Rs 327 crore worth of secondary sale. \u201cConsidering the FY23 Annualized EPS of Rs 7.68 on a post issue basis, the company is going to list at a P\/E of 87.5x with [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-586568","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/586568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=586568"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/586568\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=586568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=586568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=586568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}