Drone Destination Limited IPO

NSE SME

Listed On: Jul 21, 2023 at ₹ 107.45

₹ 130000 /2000 Shares

Check Allotment

Drone Destination Limited IPO Details

07 Jul, 2023

Open Date

13 Jul, 2023

Close Date

18 Jul, 2023

Allotment Date

21 Jul, 2023

Listing Date

Issue Price

₹62-65 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Maashitla Securities Private Limited

List Price

107.45

Listing Date

2023-07-21

Market Lot

2000 Shares (₹130,000/-)

Lead Manager

Narnolia Financial Services Ltd

Issue Size

6,800,000 shares(aggregating up to ₹44.20 Cr)

Retail Portion

35%

Subscription

191.77 times

IPO Docs

DRHP RHP

Drone Destination Limited IPO Subscription 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

Earnings Per Share (EPS)

₹N/A/-

P/E Ratio

64.68

RoNW

13.90%

Net Asset Value (NAV)

₹35.15/-

Drone Destination Limited Company Financials All values are in ₹ Lakh

	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 The 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.

Drone Destination Limited - Promoter(s)

Pre Issue Share Holding: 85.14%

Post Issue Share Holding: 62.31%

Company Promoter(s)

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. The size of Drone Destination Limited IPO is 6,800,000 shares(aggregating up to ₹44.20 Cr).

Ans. The IPO price band is set between ₹62-65 per equity share.

Ans. To apply for Drone Destination Limited IPO 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 allotment status for Drone Destination Limited IPO here.