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SME IPO Status: Listed [7th Jul 2023 to 13th Jul 2023]
Drone Destination Limited is offering an SME IPO whose issue size is 6,800,000 equity shares worth of Rs 44.20 Cr. The subscription period for this IPO is from 07 July 2023 to 11 July 2023. The face value of the shares is Rs 10 per share and the issue price is ranging from Rs 62 to Rs 65 per share along with the lot size of 2000 shares or its multiples.
Stay tuned for more information on Drone Destination Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 7th Jul 2023 |
| SME IPO Issue Closing Date: | 13th Jul 2023 |
| SME IPO Issue Price: | ₹62.00-65.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹44.20 Cr |
| Fresh Issue: | ₹44.20 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 85.14% |
| Promoter Holding Post IPO: | 62.31% |
| Allotment Status: | Allotment Status |
| NSE Code: | DRONE |
Get important updates regarding Drone Destination SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 18th Jul 2023 |
| Refunds Initiation* | 19th Jul 2023 |
| Credit of Shares to Demat* | 20th Jul 2023 |
| SME IPO Listing Date* | 21st Jul 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹62.00-65.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹130000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 21-07-2023 | 65.00 | 39 | -- | ₹104 (60%) | 21-Jul-2023 9:53 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Drone Destination Limited was established in 2019. The company, along with its training partners, operates the largest network of DGCA-certified drone pilot training programs and recently achieved a major milestone by becoming the first flying organization in the country to train 1,000 drone pilots. Drone Destination has achieved this feat along with its partners Indira Gandhi Rashtriya Uran Akademi, the country's largest FTO under the aegis of the Ministry of Civil Aviation, and Sanskardham.
In this context, the company has already deployed 34 drone pilots and co-pilots to conduct village and large-scale mapping in Uttar Pradesh, Gujarat and Karnataka. Under the ongoing project, their drones have already flown over 4481 villages by April 30, 2023.
The company's business units are divided into the following categories:
Vertical Business Units
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Drone Manufacturing | ₹44.20 Cr | http://www.thedronedestination.com/ |
The Company proposes to utilize the funds towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,262,000 (28.6%) | 945,000 (21.42%) | 2,205,000 (49.98%) | 4,412,000 | |
| 1 | 7th Jul 2023 19:31 | 5.54x | 3.67x | 13.58x | 9.16x |
| 2 | 10th Jul 2023 19:31 | 5.61x | 18.64x | 53.09x | 32.13x |
| 3 | 11th Jul 2023 19:31 | 6.26x | 37.32x | 102.70x | 61.11x |
| 4 | 12th Jul 2023 19:31 | 9.77x | 68.89x | 161.37x | 98.20x |
| 5 | 13th Jul 2023 19:31 | 50.46x | 243.85x | 250.09x | 191.65x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 96.34 | 39.33 | -4.56 | 2.42 | -8.58 | 9,794.46 |
| 31-Mar-22 | 278.30 | 257.16 | 20.73 | 23.15 | 12.15 | 151.09 |
| 31-Mar-23 | 2,359.33 | 1,207.73 | 244.19 | 1,757.34 | 1,257.34 | 159.17 |
| Amount in ₹ Lakhs | ||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Drone Destination Limited | 25.8 | 35.15 | 13.9 | Standalone | ||
| Droneacharya Aerial Innovations Limited | 1.77 | 27.63 | 84.21 | 5.16 | Standalone |
Last Updated on 25-Jul-2023 06:00:20
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Drone Destination SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Drone Destination SME IPO with Zerodha.
Alternate approch to apply in Drone Destination SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Drone Destination SME IPO Review and Important Updates
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To subscribe or apply in Drone Destination SME IPO, you can use the following methods:
| Drone Destination SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Drone Destination SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Drone Destination SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Drone Destination SME IPO. Most of the Syndicate Banks provide access to apply in Drone Destination IPO via ASBA process. You must have your net banking access, DP ID information to apply in Drone Destination SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Drone Destination SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Drone Destination SME IPO Review and Important Updates
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Drone Destination SME IPO is going to be list on 21-07-2023. NSE Code for Drone Destination is DRONE.
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Drone Destination SME IPO Allotment Date is 18-07-2023.
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