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Ideaforge Technology Ltd IPO

  • Min. Investment14036/ 22 Shares
  • Min. Quantity22
  • Price Range₹638 - ₹672
  • Date Range26 Jun 23 - 30 Jun 23
  Retail Investor can invest upto Rs 2,00,000 in IPO
  • Application Start Date26 Jun 2023
  • Application End Date30 Jun 2023
  • Allotment begins
  • Refund Initiation Date06 Jul 2023
  • Allotment Date05 Jul 2023
  • Listing On Exchange10 Jul 2023
Registrar Information
  • NameLink Intime India Pvt Ltd
  • Contact no.+91 810 811 4949
  • Email
Company Information

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Financial information

Here’s the consolidated financial information for the last three years:

Particulars FY20 FY21 FY22
(Rs Crore)
Revenue 14.09 34.93 162.56
Net Profit -13.54 -14.29 54.85
Total Assets 78.84 123.5 211.67
  • pioneer and the pre-eminent market leader in the Indian UAS industry, with first-mover advantage;
  • diversified product portfolio with a robust technology stack and track record of successful outcomes in critical use cases;
  • strong relationships with a diverse customer base;
  • significant product development capabilities powering its software and solutions and product differentiators;
  • in-house design to delivery capabilities;
  • The company operate in an industry which is highly regulated and is subject to change. If its fail to comply with the applicable regulations and rules prescribed by the Government of India and the relevant statutory or regulatory bodies, its business, financial condition, cash flows and results of operations will be adversely affected.
  • The company is a licensed manufacturer of Unmanned Aerial Vehicles under the Industries (Development and Regulation) Act, 1951 and any non-compliance of, or a failure to satisfy the terms and conditions under such license could lead to the cancellation of its license thereby creating a material adverse impact on its business, financial condition and results of operations.
  • The company is heavily reliant on sales to the Indian government including to the central and state government agencies. A decline in government budget, reduction in orders, termination of existing contracts, delay of existing contracts or any kind of adverse change in the Government of India policies for its sector would have a material adverse impact on its business, financial condition, and results of operations.
  • Majority of the sale of its products are dependent on it winning bids. Bidding for a tender involves various management activities such as cost estimations and designing and developing a trial product for the bidding process. Inability to accurately measure the cost and design and develop the trial product may lead to loss of tender creating an adverse impact on its business, results of operations, financial condition and cash flows.
  • The number of orders the company has received in the past, its current order book and its growth rate may not be indicative of the number of orders the company will receive in future.
  • Continue to invest in product innovation, engineering and design
  • Expanding into international markets
  • Expand its product portfolio and cater to new end-use applications and industries
  • Focus on indigenisation
  • Pursue strategic investment and acquisition opportunities
What is Pre Apply?

Pre Apply will allow you to apply for an IPO 1-3 days before the bidding period starts. You'll get the UPI payment mandate once the IPO is open.

Learn more about Pre applying
How to Apply?

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ’Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate

How to check your IPO allocation status

Tarsons Products allotment status will be available on or around 23 November 2021. The allotted shares will be credited to the demat account by 25 November 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 17 November 2021).

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