Ideaforge Technology Limited

HDFC Mutual Fund acquired 1,513,281 shares, a 3.05% stake in Ideaforge Technology Limited, as a new position. This investment was part of a Qualified Institutional Placement (QIP) by Ideaforge Technology Limited that raised ₹500 crore at an issue price of ₹795 per share.

A manufacturer of unmanned aircraft systems for the aerospace and defense sectors, ideaForge designs and produces advanced drones for commercial, industrial, and defense applications. Established in 2007, the company specializes in developing indigenous UAS technology tailored for India's operational requirements. Its portfolio includes systems for surveillance, mapping, reconnaissance, and tactical operations across defense, government, and commercial sectors.

One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.