75% of Idea Forge's revenues come from defense projects. It has been used by forest officers in Uttarakhand to track a tiger that had attacked humans. An Idea Forge drone takes off every 5 minutes in the country to do its mapping and surveillance job. Out of the 550 crore rupees, Idea Forge is expected to raise, nearly half of it will go back towards paying debt or developing new products.
The ₹550 crore IPO of what is arguably India’s biggest dronemaker opens on Monday (26th of June) and in today’s episode for 24th June 2023, we dive into what drives the company.
The shares of the Indian Energy Exchange (IEX) —a company controlling over 90% of the power exchange business — have declined ~18% over the last month.
And people have been selling the stock as if there’s no tomorrow. So, where did it all go wrong?
Well, you could attribute pretty much all of this to something that the government did.
If you’d like to find out what then click link and watch the video now - https://www.youtube.com/watch?v=cgtsquC-SRg