Drone Destination Limited

Offer PeriodJul 07, 2023 – Jul 13, 2023

Jul 07, 2023 – Jul 13, 2023

NSE - SMEListed

Listed Price:

₹107.45

(+65.31%)

Price Band₹62 - ₹65

Lot Size2,000 Shares

Allotment DateJul 18, 2023

Listing DateJul 21, 2023

Subscription191.77 Times

Issue Size₹44.20 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹39
(60.00%)

Premium (ELP)

Drone Destination Limited's achieved publicly listed status following its IPO debut on Jul 21, 2023 at the NSE platform. The offering successfully mobilized 68,00,000 Shares, with 68,00,000 Shares allocated to corporate growth initiatives.

Investment participation occurred within the established price band of ₹62 to ₹65, starting from minimum lots of 2000 shares. The subscription window from Jul 07, 2023 through Jul 13, 2023 enabled investor participation across market segments.

Share allocation was completed on Jul 18, 2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

Drone Destination IPO Details

IPO Date

Jul 07, 2023 to Jul 13, 2023

Allotment Date

Jul 18, 2023

List Date

Jul 21, 2023

Lot Size

2,000 share

Issue Price

₹62 - ₹65

Issue Size

68,00,000 (aggregating up to 44.20 Cr)

Fresh Issue

68,00,000 (aggregating up to 44.20 Cr)

Offer For Sale

Listing At

NSE

Share Holding Pre-Issue

1,74,99,998

Share Holding Post-Issue

2,42,99,998

Market Marker Portion

5,00,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	2000	1,30,000
HNI	2	4000	2,60,000

IPO Reservation

Shares68,00,000

QIB

46.29%(31,48,000)

NII (HNI)

13.91%(9,46,000)

RETAIL

32.44%(22,06,000)

Market Maker

7.35%(5,00,000)

Total

100.00%(68,00,000)

Drone Destination IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Values

KPI	Values
EPS	25.80
ROE	13.90
ROCE	18.65
RONW	13.90
PRE IPO(PE)	64.35
POST IPO(PE)	0

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (in ₹ Lakhs)

Period Ended	Mar 2021	Mar 2022	Mar 2023

Period Ended	Mar 2021	Mar 2022	Mar 2023
Assets	96.34	278.30	2,359.33
Revenue	39.33	257.16	1,207.73
Net Worth	2.42	23.15	1,757.34
profit After Tax	4.56	20.73	244.19
Reserves And Surpluse	-8.58	12.15	1,257.34
Total Borrowing	9,794.46	151.09	159.17

Drone Destination IPO About Company

Incorporated in 2019, Drone Destination Limited is one of India’s leading Drone-as-a-Service and drone training companies. It is a DGCA-authorized Remote Pilot Training Organisation (RPTO) and was the first drone training partner of NSDC in October 2022. The company operates the largest training network in India in its segment and offers services like Drone-as-a-Service (DAAS), certified training, agriculture services, education, recreation, and rent-a-drone solutions. Drone Destination has over 80 clients across government and private sectors and has key partnerships with IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo. It is also among the leading players in the SVAMITVA mapping program, especially in Karnataka and Gujarat.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Drone Destination IPO Strength Factors

⚠️Drone Destination IPO Risk Factors

🏦Drone Destination IPO Lead Manager(s)

Narnolia Financial Services Limited

👤Drone Destination IPO Promoter(s)

Mr. Chirag Sharma
Ms. Shashi Bala

🏢Drone Destination IPO Company Details

Drone Destination Limited

Email:cosec@thedronedestination.com

Phone:011-41050607

Website:http://www.thedronedestination.com/

address:C-13, Ground Floor, Panchsheel Enclave, Delhi - 110017

📋Drone Destination IPO Registrar

Maashitla Securities Private Limited

Name:Maashitla Securities Private Limited

Phone:+91-11-45121795-96

Email:ipo@maashitla.com

Website:https://www.maashitla.com/

❓Drone Destination IPO FAQs

Drone Destination IPO is a main-board IPO of 68,00,000 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹62 - ₹65 per share. The minimum order quantity is .The IPO opens on Jul 07, 2023, and closes on Jul 13, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in Drone Destination IPO using UPI as a payment gateway. Zerodha customers can apply in Drone Destination IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Drone Destination IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Drone Destination IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Drone Destination IPO opens on Jul 07, 2023 and closes on Jul 13, 2023.

You can apply in Drone Destination IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Drone Destination IPO will be done on Jul 18, 2023, and the allotted shares will be credited to your demat account by Jul 18, 2023

Drone Destination IPO's listing date is Jul 21, 2023.

Drone Destination Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹39(60.00%)

Premium (ELP)

₹39
(60.00%)