Ideaforge Technology Limited
Bandhan Mutual Fund acquired 954,736 shares of Ideaforge Technology Limited, representing a 1.92% stake. This is a new position for the mutual fund. The acquisition was part of a Qualified Institutional Placement (QIP) by Ideaforge Technology Limited that raised ₹500 crore by allotting 62,89,308 equity shares at ₹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.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.