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ideaForge Secures ₹151-Crore Loan for YETI Project, Shares Slip 0.15%
Published: October 9, 2026
ideaForge Technology Ltd secured a ₹151 crore loan from the Technology Development Board for its YETI heavy‑lift autonomous vehicle project, with shares ending at ₹668.35, a 0.15% decline. The tranche‑based disbursement signals confidence in the YETI venture, yet the modest share pullback reflects cautious investor sentiment ahead of the upcoming earnings report.
ideaForge's shares slipped 0.15% to ₹668.35 on the BSE after the company disclosed a ₹151 crore loan agreement with the Technology Development Board to bankroll its YETI heavy‑lift autonomous aerial logistics vehicle. The deal, signed on Oct 9, 2026, will be disbursed in tranches and includes a first‑ranking charge over project assets.
The ₹151 crore credit line, structured under standard commercial lending covenants, imposes a 20% cap on promoter share transfers and mandates matching funding obligations, according to the NSE filing dated Oct 9, 2026.
The YETI project, announced earlier this year, aims to position ideaForge as a key player in heavy‑lift, long‑range autonomous drone logistics, a sector projected to grow at 25% CAGR over the next five years. Industry peers such as DroneX and SkyTech have secured similar funding, but none have disclosed a dedicated heavy‑lift platform yet. The drone logistics market is expected to hit ₹12,000 crore by 2030.
With the loan disbursement set to commence in Q4 2026, ideaForge’s management anticipates completing the YETI prototype by mid‑2027 and will provide guidance on capital utilisation in its next quarterly report on Oct 30. The tranche‑based structure also allows phased risk absorption, a move that could temper investor caution as the company moves from funding to execution.