ideaForge has proposed to use the IPO proceeds to pay off debt and manage working-capital requirements. Analysts feel the future revenue hinges on the execution of the order book. According to them, ideaForge heavily relies on government-aided projects, which poses a significant risk. Slow processing, payment delays from such entities could impact its financials.
India has the potential to become a drone manufacturing hub. As of 2020, the total market size of the Indian drone manufacturing market was Rs 2,900 crore Watch this Business Today Visual Story to check India s vision for the drone industry in the next 7-8 years.