Drone Destination Limited IPO
Drone Destination Limited IPO
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Drone Destination Limited's achieved publicly listed status following its IPO debut on 21-07-2023 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 07-07-2023 through 13-07-2023 enabled investor participation across market segments.
Share allocation was completed on 18-07-2023, 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.
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.
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
NA
Drone Destination IPO Risk Factors
NA
Drone Destination IPO Lead Manager(s)
- Narnolia Financial Services Limited
Drone Destination IPO Promoter(s)
- Mr. Chirag Sharma
- Ms. Shashi Bala
Drone Destination IPO FAQs
Drone Destination Limited IPO subscribed 191.77 times. The public issue subscribed 249.98 times in the retail category,50.54times in QIB, and -- times in the HNI (10+) category byNovember 10, 2025 7:55:41 AM (Day 10).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Drone Destination IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Drone Destination IPO FAQs
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