ideaForge's Rs 567 crore IPO is now open for subscription.
The IPO includes a fresh issue of shares and an offer for sale (OFS) component.
The price band for the IPO is set at Rs 638-672 per equity share.
ideaForge shares' grey market premium has surged by 70%.
ideaForge manufactures Unmanned Aircraft Vehicles (UAVs) for mapping, security, and surveillance.
The company's drones have a wide range of applications, including mining area planning and mapping.
ideaForge UAVs help boost operations in construction, real estate, and defense forces' Intelligence, Surveillance, and Reconnaissance (ISR) operations.
ideaForge is a pioneer and pre-eminent market leader in the Indian UAS drone market.
The IPO presents an opportunity for investors to invest in a company with a diverse range of products and a full stack UAV solution.
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