Ideaforge Technology Ltd Share Price – NSE /  BSE

Aerospace & Defence, Small Cap

Ideaforge Technology has allotted 62,89,308 equity shares to eligible qualified institutional buyers at the issue price of Rs795 per equity share, [(which includes a discount of Rs 40.86 per equity share (4.89% of the floor price, as determined in terms of the SEBI ICDR Regulations) to the floor price] i.e. at a premium of Rs 785 per equity share, aggregating to Rs 500 crore, pursuant to the QIP issue.

Post allotment of equity shares in the issue, the paid-up equity share capital of the company stands increased to Rs 496,855,970 consisting of 49,685,597 equity shares.

The company authorized the opening of issue on 7 July 2026.

The floor price of Rs 835.86 per equity share is at a discount 0.26% to the scrip's previous closing price of Rs 838 recorded on the BSE on Tuesday (7 July 2026).

Ideaforge Technology is a market leader in the Indian unmanned aircraft systems (UAS) market. It ranked 3rd globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2024.

On a consolidated basis, the company reported net profit of Rs 59.99 crore in Q4 March 2026 as against net loss of Rs 25.71 crore in Q4 March 2025. Net sales soared 594.44% YoY to Rs 141.04 crore in Q4 March 2026.

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The company's board approved fundraising of up to Rs 500 crore through one or more tranches via qualified institutional placements (QIPs), preferential allotments, private placements, or other permissible modes, subject to shareholder and regulatory approvals.

The proposed fundraising may involve the issuance of equity shares, preference shares, convertible debentures, non-convertible debentures with warrants, or other eligible securities. The board has also constituted a Fund-Raising Committee to determine the terms and conditions of the issue and oversee the capital-raising process.

In addition, the board approved a postal ballot notice seeking shareholders' consent for the proposed fundraising plans.

The company said detailed disclosures regarding the type of securities and mode of issuance will be made after the fundraising structure is finalized.

ideaForge is a market leader in the Indian unmanned aircraft systems (UAS) market. It ranked 3rd globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2024.

On a consolidated basis, ideaForge Technology reported net profit of Rs 59.99 crore in Q4 March 2026 as against net loss of Rs 25.71 crore in Q4 March 2025. Net sales soared 594.44% YoY to Rs 141.04 crore in Q4 March 2026.

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Ideaforge Technology announced that CRISIL has reaffirmed the corporate credit rating of the company at CRISIL BBB. The outlook on the rating has been revised from Negative to Stable.