The largest drone manufacturer in India, IdeaForge Technology Pvt., which is supported by Qualcomm Inc., is thinking about holding an initial public offering in Mumbai that might garner around $125 million.
According to the sources, the company is collaborating with financial advisers on a potential offering that might take place in the first quarter of 2023. According to sources, the Mumbai-based company wants to sell shares valued at roughly $700 million, most of which may be brand-new shares.’IdeaForge plans to submit a preliminary draft prospectus to the regulatory body by December.
