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
Peers
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
| 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
MAASHITLA SECURITIES PRIVATE LIMITED
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
NARNOLIA FINANCIAL SERVICES LIMITED
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