Drone Destination IPO Date, GMP, Review, Price, Form & Market Lot Details

The Drone Destination IPO has begun on 07 July 2023. It will close on 13 July 2023. The Total IPO Size is 44.20 Crore. The company set its IPO price is 62-65 Rs Per Share. Basically, There are three basic categories in Drone Destination IPO Subscription 1) NII 2) Retail Individual Investors (RIIs) 3) QIB.

Drone Destination is established in 2019.

Drone Destination is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India.

They have trained 362 drone pilots in India.

Currently imparting training at seven of its DGCA-Authorised Drone Training Bases in Gurugram, Bangalore, Gwalior, Kangra, Coimbatore, Madurai and Bhopal. As on May 03, 2023 The company along with IGRUA has trained 932 drone pilots in India.

Company is headquartered in New Delhi and comprises of a well-experienced team of Aviation & Drone Experts.

Company has already deployed 34 drone pilots & co-pilots for conducting village and large-scale mapping across Uttar Pradesh, Gujarat and Karnataka. In the ongoing project, our drones have already flown 4481 villages as on April 30, 2023.

Check :- Upcoming SME IPO 2023


1) Droneacharya Aerial Innovations Pvt. Ltd.
2) ideaForge Technology Ltd

Drone Destination IPO Promotors

Name of the Promoter No. of Shares held Average cost of Acquisition (in ₹ )
Chirag Sharma 18,72,500 2.91
Shashi Bala 1,29,99,000 2.94
Total Pre Issue 1,48,71,500 (84.98%)

Drone Destination IPO Date, Details & Price Band

IPO Opening Dates 07 July 2023
IPO Closing Dates 13 July 2023
Price Band 62-65 Rs Per Share
Fresh issue 44.20 Crore
Total IPO size 44.20 Crore
Minimum bid (lot size) 2000 Shares
Face Value 10 INR Per Share
Listing On NSE SME

Drone Destination IPO Reservation

QIB 50%
NII 15%
Retail Allocation 35%

Drone Destination IPO Market Lot

The Drone Destination IPO minimum market lot is 2000 shares With 1,30,000 ₹ Amount per application.

Lot No of Shares Amount
Minimum 1 2000 1,30,000 Rs
Maximum 1 2000 1,30,000 Rs
S-HNI (Min) 2 4000 2,60,000 Rs

Restated Financial Record of the three year (Amt. in Lakhs)

Total Assets Total Revenue Profit After Tax
31-Mar-21 96.34 39.33 4.56
31-Mar-22 278.30 257.16 20.73
31-Mar-23 2,359.33 1,207.73 244.19
EPS (₹) NAV (₹) RoNW(%) Long Term Borrowings (thousands)
31-Mar-21 (4.14) 2.20 -188.49 5,285.73
31-Mar-22 18.85 21.05 89.55 14,867.30
31-Mar-23 25.80 35.15 13.90 10,332.34

Drone Destination IPO GMP Grey Market Premium

Drone Destination IPO GMP Grey market premium has been started today. Check Latest Drone Destination IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.

Drone Destination IPO Prospectus

Drone Destination IPO
DRHP Download
RHP Download

Drone Destination IPO Reviews

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Drone Destination IPO Form Download

Drone Destination IPO is available on NSE Website as well as on our Portal. Please click here Drone Destination IPO form Download.

Drone Destination IPO Allotment Date & Details

Allotment Date 18 July 2023
Initiation of refunds 19 July 2023
Transfer of shares to Demat accounts 20 July 2023
Listing Date 21 July 2023
Check Allotment Status Click here

Registrar of Drone Destination IPO

Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi –
110034, India
Telephone: 011-45121795
Email: [email protected]
Website: www.maashitla.com
Contact Person: Mr. Mukul Agrawal
SEBI Registration Number: INR000004370
CIN: U67100DL2010PTC208725

Drone Destination Contact Details

Drone Destination Limited
C-13, Ground Floor,
Panchsheel Enclave,
Delhi – 110017
Phone: 011-41050607
Email: [email protected]
Website: http://www.thedronedestination.com/

Drone Destination IPO Lead Managers

Address: 201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road, Kolkata, West
Bengal- 700020, India
Telephone: +91- 8130678743
Email: [email protected]
Website: www.narnolia.com
Contact Person: Mr. Pankaj Pasi
SEBI Registration Number: INM000010791
CIN: U51909WB1995PLC072876

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