Drone Destination Limited IPO
NSE SMEListed On: Jul 21, 2023 at ₹ 107.45
₹ 260000 /4000 Shares
*Min Investment
07 Jul, 2023
Open Date13 Jul, 2023
Close Date18 Jul, 2023
Allotment Date21 Jul, 2023
Listing DateDrone Destination Limited IPO Issue Details
- Issue Price ₹62-65 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 6,800,000 shares(aggregating up to ₹44.20 Cr)
- Listing at NSE SME
- List Price 107.45
- Listing Date 2023-07-21
- Lead Manager Narnolia Financial Services Ltd
- Registrar Maashitla Securities Private Limited
Drone Destination Limited IPO Details
- Retail Portion 35%
Drone Destination Limited IPO Details
Drone Destination Limited IPO is an SME IPO, priced at ₹62-65 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Jul 7, 2023 to Jul 13, 2023. The allotment is expected to be finalized on Jul 18, 2023, and the tentative listing date is Jul 21, 2023.
The registrar of the IPO is Maashitla Securities Private Limited, and
Drone Destination Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,262,000 / 945,000 | 2,205,000 | 44,12,000 |
Day 1 07-07-23 06:00 PM | 5.54 / 3.67 x | 13.58 x | 9.16 x |
Day 2 10-07-23 06:00 PM | 5.61 / 18.64 x | 53.09 x | 32.13 x |
Day 3 11-07-23 06:00 PM | 6.26 / 37.32 x | 102.70 x | 61.11 x |
Day 4 12-07-23 06:00 PM | 9.77 / 68.89 x | 161.37 x | 98.20 x |
Day 5 13-07-23 06:00 PM | 50.46 / 244.48 x | 250.09 x | 191.77 x |
Drone Destination Limited Valuations
Drone Destination Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 2,359.33 | 278.30 | 96.34 |
| Revenue | 1,207.73 | 257.16 | 39.33 |
| Profit After Tax | 244.19 | 20.73 | -4.56 |
About Drone Destination Limited Company
Drone Destination Limited is India's leading Drone as a Service and Training Company. The entity is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India. The company became the first Drone Training Partner of the National Skill Development Corporation (NSDC) in Oct 2022. They have the largest Training network in India in their segment. Drone Destination Limited offers a variety of services including: Drone-As-A-Service (DAAS) Training, Education & Recreation Rent a Drone Agriculture Services Drone Destination has key partnerships with IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo. They have More than 80 Clients from Private as well as Government Sectors. The company is a Leading SVAMITVA Player engaging in survey and mapping in India and is reputed as the largest in Karnataka and Gujarat.
Read MoreDrone Destination Limited - Promoter(s)
Pre Issue Share Holding : 85.14%
Post Issue Share Holding : 62.31%
Drone Destination Limited IPO - Issue Objectives
To meet the expenses for the purchase of new drones
To meet the expenses for the purchase of the vehicle
To meet the Capital Expenditure Requirement
To meet the Working Capital requirements
To meet the General Corporate Purposes.
To meet out the Issue Expenses.
Drone Destination Limited IPO - FAQs
Ans. Drone Destination Limited IPO is a SME IPO. The issue is priced at ₹62-65 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jul 7, 2023, and closes on Jul 13, 2023. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Drone Destination Limited IPO opens on Jul 7, 2023 and closes on Jul 13, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Drone Destination Limited IPO is 6,800,000 shares(aggregating up to ₹44.20 Cr).
Ans. The Drone Destination Limited IPO price band is set between ₹62-65 per equity share.
Ans. To apply for Drone Destination Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Drone Destination Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Drone Destination Limited IPO is Jul 18, 2023.
Ans. The Drone Destination Limited IPO will be listed on Jul 21, 2023.
Ans. Follow the steps to check the Drone Destination Limited IPO allotment status online.
