February 11, 2023 02:04 pm | Updated 09:09 pm IST - New DelhiDrone maker ideaForge Technology has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering (IPO). If such placement is completed, the fresh issue size will be reduced. ideaForge's customers include the armed forces, central armed police forces, state police departments, disaster management forces, forest departments and civil customers. During the 2015 earthquake, ideaForge UAVs were used for site monitoring in Kathmandu, Nepal, and other locations to aid with the search and rescue activities. During a terrorist incident in Pampore in 2016, ideaForge UAVs were able to deliver crucial intelligence by revealing the precise locations of the terrorists, as per the draft papers.

Source: The Hindu February 12, 2023 02:03 UTC