IPO Alert: ideaForge Technology Ltd.

ideaForge is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems market, with a market share of approximately 50% in Fiscal 2022. They had the largest operational deployment of indigenous UAVs across India, with an ideaForge manufactured drone taking off every 5 minutes on average for surveillance and mapping as of Fiscal 2023. 

Read more about ideaForge Technology IPO

The below table has important dates with respect to the IPO allotment and listing.

Finalization of Basis of Allotment04-Jul-23
Initiation of Refunds05-Jul-23
Credit of Shares to Demat Acct06-Jul-23
IPO Shares Listing Date07-Jul-23
UPI mandate expiry date08-Jul-23

In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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