Drone Startup ideaForge filed DRHP with SEBI
Sat, Feb 11, 2023 3:48 PM

Drone Startup ideaForge filed DRHP with SEBI

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Qualcomm-backed drone startup ideaForge has filed a DRHP for an IPO with market regulator SEBI. The offering would include a new issue of shares worth ₹300 Cr and an offer to sell almost 48.7 lakh shares. Among the investors in the OFS are promoter group entities, Qualcomm, and VC firms. The IPO revenues would be used to reduce debt, meet working cash needs, and fund product development.

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