IdeaForge, the leading drone maker in India, has raised approximately INR254 crore ($34 million) from anchor investors ahead of its initial public offering (IPO). Among the numerous participating investors were Nomura, Invesco, Goldman Sachs, and Tata AIG General Insurance. IdeaForge has a significant share in the Indian unmanned aircraft systems market at roughly 50%. The public offer is slated to run from 26 to 29 June, with a price range of INR638 to INR672 per share. The drones primarily serve customers in surveillance, mapping, and surveying sectors. Proceeds from the IPO will be used for investments in product development and paying off certain indebtedness.