Drone Destination Limited IPO
Drone Destination Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹62–₹65 per share. The stock debuted at ₹107.45, delivering a listing gain of 65.3%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,30,000.
Drone Destination Limited IPO
- IPO Dates
- Jul 7, 2023 – Jul 13, 2023
- Price band
- ₹62-65 per equity share
- Minimum Investment
- ₹1,30,000
- Issue size
- 6,800,000 shares(aggregating up to ₹44.20 Cr)
- Lot size
- 2000
- Allotment Date
- Jul 18, 2023
- Listing
- Jul 21, 2023
- Listing At
- NSE SME
IPO timeline
-
Jul 7, 2023
Open Date
Completed
-
Jul 13, 2023
Close Date
Completed
-
Jul 18, 2023
Allotment Date
Completed
-
Jul 21, 2023
Listing Date
Completed
Drone Destination Limited IPO Essentials
Drone Destination Limited IPO Details
Drone Destination Limited IPO is priced at ₹62-65 per share with a total issue size of 6,800,000 shares(aggregating up to ₹44.20 Cr). The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹62-65 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,800,000 shares(aggregating up to ₹44.20 Cr)
- Listing at
- NSE SME
- List price
- 107.45
- Listing date
- Registrar
- Maashitla Securities Private Limited
- Lead manager
-
Narnolia Financial Services Ltd
Drone Destination Limited IPO Analytics
Drone Destination Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Drone Destination Limited IPO Subscription Status
Drone Destination Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- P/E Ratio
- 64.68
Returns
- RoNW
- 13.90%
Drone Destination Limited Financials( In Lakhs)
| 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 |
Drone Destination Limited Company & Offer Insights
About Drone Destination Limited
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.
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.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Drone Destination Limited IPO is a book-built IPO worth ₹6,800,000 shares(aggregating up to ₹44.20 Cr). The price band is ₹62–₹65 per share. The IPO opens on Jul 7, 2023 and closes on Jul 13, 2023. It will be listed on NSE SME Platform. Maashitla Securities Private Limited is the registrar.
The price band of Drone Destination Limited IPO is ₹62 to ₹65 per share.
The lot size of Drone Destination Limited IPO is 2000 shares.
The minimum investment for Drone Destination Limited IPO is approximately ₹1,30,000 based on the upper price band .
Drone Destination Limited IPO opens on Jul 7, 2023 and closes on Jul 13, 2023.
The allotment date of Drone Destination Limited IPO is Jul 18, 2023.
Drone Destination Limited IPO is expected to be listed on Jul 21, 2023, on NSE SME Platform.
Drone Destination Limited IPO valuation snapshot: P/E 64.68, EPS ₹N/A/-, P/B N/A, RoNW 13.90%, and market cap N/A.
To apply for Drone Destination Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Drone Destination Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Drone Destination Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Drone Destination Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Drone Destination Limited IPO allotment status on IPO Ji for quick and easy access.