ideaForge

ideaForge is a design-focused unmanned aerial vehicle (UAV) manufacturer developing drone solutions for a variety of applications. ideaForge drones are built on a foundation of interdisciplinary engineering and provide autonomous uncrewed systems for enhancing productivity and security for ideaForge's clientele. The company also provides purchasers of the company's drones with training and maintenance services around the main business of the UAV systems. ideaForge's drones offer users mapping and security solutions with UAVs built to be used in all weather conditions.

In July of 2023, ideaForge pursued an initial public offer (IPO) with a combination of an offer for sale as well as a fresh share issue. The net proceeds are expected to help repay existing debt, invest in product development, and be used for general purposes. The IPO price band was expected to be ₹ 638 - ₹ 672 (USD $7.73 to $8.14).

The stock was then listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) at 94.21 percent and 93.45 percent above the IPO issue price, or ₹ 1,305 (USD $15.81) and ₹ 1,300 (USD$15.75) respectively. A few days after the exceptional debut, ideaForge's price fell as much as 9.6 percent, leading to concerns over the price in the long run, despite the company's continued growth in the popular drone sector. This drop was also, at the time of its occurrence, one of the largest slides for an IPO as explosive as ideaForge's.

ideaForge's UAVs are developed to be able to operate in various terrains and weather conditions, including in extreme temperatures and high altitudes. These drones are developed for mapping and surveying operations, as well as for security and surveillance. ideaForge's drones are developed for civilian and defense applications and are designed with a "mission first" approach, according to the company. This means that the drones are developed with the intended use in mind. Further, the drones are developed to operate autonomously to reduce the need for the operator to have specialized skills or training.

The SWITCH UAV is developed for use in surveillance and security operations. The fixed-wing UAV is a VTOL-capable hybrid unit offering over 120 minutes of flight time at sea level with a 15-kilometer operational range and a 25 times optical zoom camera. This drone is developed for long range, high endurance, and high altitude operations.

The NETRA V4+ UAV is a quad-copter designed UAV, built for a wide range of applications. It is a drone designed for security and surveillance operations, including patrolling, anti-smuggling, search and rescue, and disaster and emergency analysis operations. It offers a 10-kilometer operational range with 60 minutes of flight time at sea level and 10 times optical zoom.

The NINJA UAV is a light drone built for security and surveillance operations and offers swappable payloads for increased versatility. It has a 2-kilometer operational range with 20 to 25 minutes of flight time at sea level and is capable of carrying up to 2 kilograms of take-off weight.

The Q4i UAV is a small category VTOL UAV developed to be economical for users with reliable performance and capable of diverse applications, including security and surveillance, traffic management, crowd management, and disaster relief applications. The drone offers up to 4 kilometers of operational range and around 40 minutes of flight time at sea level.

ideaForge's RYNO UAV is a micro-category drone developed for mapping and surveying operations, capable of carrying payloads intended to achieve mapping and surveying operations, such as mapping, land survey, mining area planning, construction, and real estate planning. The drone offers a less than five-centimeter ground sampling distance, with a less than 10-centimeter absolute x and absolute y accuracy.

The Q6 UAV is ideaForge's small category UAV that is developed to be used for surveying and mapping, intended to offer high area coverage for large-scale mapping projects with an up to 10-kilometer range and around a 60-minute flight time.