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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹44.20 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹44.20 Cr |
| Fresh Issue | ₹40.95 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹62.00-65.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | DRONE |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Narnolia Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Incorporated in 2019, 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 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.
The drones offered by the company are marketed under the names - Star Guru, Star Edge, Sky Star, Agristar, Agri Mapper, Star Eye, and Laser Star. All these have their distinct features and entail different requirements of the customers.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the expenses for purchase of new drones. | 10.47 |
| 2 | To meet out the expenses for purchase of vehicle | 5.50 |
| 3 | To meet out the Capital Expenditure Requirement. | 2.05 |
| 4 | To meet out the Working Capital requirements | 8.50 |
| 5 | To meet out the General Corporate Purposes; | 11.05 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 23.59 | 2.78 | 0.96 |
| Total Income | 12.08 | 2.57 | 0.39 |
| Profit After Tax | 2.44 | 0.21 | -0.05 |
| NET Worth | 17.57 | 0.23 | 0.02 |
| Reserves and Surplus | 12.57 | 0.12 | -0.09 |
| Total Borrowing | 1.59 | 1.51 | 97.94 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 13.90% |
| ROCE | 18.65% |
| Debt / Equity | 0.06% |
| RoNW | 13.90% |
| PAT Margin | 20.22% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 25.80 | |
| P/E (x) | 64.35 | |
| Promoter Holding | 85.14% | 62.31% |
| Market Cap | ₹157.95 Cr. | |
