Droneacharya Aerial Innovations Limited

Offer PeriodDec 13, 2022 – Dec 15, 2022

Dec 13, 2022 – Dec 15, 2022

BSE - SMEListed

Listed Price:

₹102.00

(+88.89%)

Price Band₹52 - ₹54

Lot Size2,000 Shares

Allotment DateDec 20, 2022

Listing DateDec 23, 2022

Subscription243.7 Times

Issue Size₹33.97 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹52
(96.30%)

Premium (ELP)

Following its successful public offering, Droneacharya Aerial Innovations Limited's made its market debut on Dec 23, 2022 and is now actively traded on the BSEplatform. The IPO mobilized 62,90,000 Shares in total capital, including 62,90,000 Shares in primary equity infusion.

The offering was structured with a price band of ₹52 to ₹54 and minimum investment lots of 2000 shares. Investor participation during the subscription window from Dec 13, 2022 to Dec 15, 2022 demonstrated market confidence in the company's prospects.

The allotment process concluded on Dec 20, 2022, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

Droneacharya Aerial IPO Details

IPO Date

Dec 13, 2022 to Dec 15, 2022

Allotment Date

Dec 20, 2022

List Date

Dec 23, 2022

Lot Size

2,000 share

Issue Price

₹52 - ₹54

Issue Size

62,90,000 (aggregating up to 33.97 Cr)

Fresh Issue

62,90,000 (aggregating up to 33.97 Cr)

Offer For Sale

Listing At

BSE

Share Holding Pre-Issue

1,76,98,600

Share Holding Post-Issue

2,39,88,600

Market Marker Portion

3,16,000

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	1,08,000
HNI	2	4000	2,16,000

IPO Reservation

Shares41,98,033.26

Market Maker

5.02%(3,16,000)

QIB

47.44%(29,84,000)

NII (HNI)

14.28%(8,98,000)

RETAIL

33.26%(33.26)

Total

100.00%(41,98,033.26)

Droneacharya Aerial IPO Key Performance Indicators

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KPI

KPI
No data

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Company Financials (In Lakhs)

Period Ended	Mar-20	Mar-21	Mar-22	Jun-22

Period Ended	Mar-20	Mar-21	Mar-22	Jun-22
Assets	2.51	119.13	1546.52	3402.62
Revenue	0	1	358.74	308.96
Net Worth	0.91	104.08	1447.77	3357.77
Total borrowing	0.82	1.27	46.25	1.02
Profit after tax	-2.3	-14.89	40.65	40.65
Reserves and Surpluses	0	0	0	0

Droneacharya Aerial IPO About Company

Incorporated in 2017, Droneacharya Aerial Innovations Limited offers a comprehensive ecosystem of drone-based solutions, including multi-sensor drone surveys, high-end data processing, DGCA-certified drone pilot training, and specialized GIS training. Its offerings span four key categories—Training (drone pilot training, drone building, aerial cinematography, and data processing), Services (consultancy for government and private clients, reality capture software, anti-drone solutions, and UTM air traffic management), Surveillance (land and underwater surveying), and Other integrated solutions through its partnership with SPH Engineering for bathymetry, drone shows, hydrography, industrial and archaeological surveys, and environmental monitoring. Based in Pune, Maharashtra, the company operates from its offices in the city and recently raised USD 4.6 million in a pre-seed round, the highest for any drone startup in India.

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

✅Droneacharya Aerial IPO Strength Factors

⚠️Droneacharya Aerial IPO Risk Factors

🏦Droneacharya Aerial IPO Lead Manager(s)

Corporate Capitalventures Private Limited

👤Droneacharya Aerial IPO Promoter(s)

Mr. Prateek Srivastava
Mrs. Nikita Srivastava

🏢Droneacharya Aerial IPO Company Details

Droneacharya Aerial Innovations Limited

Email:cs@droneacharya.com

Phone:+7758810315

Website:https://droneacharya.com/

address:Cabin No. - 10, 5th Floor, IndiQube Penta, New No. 51, (Old No.14) Richmond Road, Bangalore – 560025

📋Droneacharya Aerial IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

Website:https://ipo.bigshareonline.com/IPO_Status.html

❓Droneacharya Aerial IPO FAQs

Droneacharya Aerial IPO is a main-board IPO of 62,90,000 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹52 - ₹54 per share. The minimum order quantity is .The IPO opens on Dec 13, 2022, and closes on Dec 15, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

Zerodha customers can apply online in Droneacharya Aerial IPO using UPI as a payment gateway. Zerodha customers can apply in Droneacharya Aerial IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Droneacharya Aerial 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 'Droneacharya Aerial 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 Droneacharya Aerial IPO opens on Dec 13, 2022 and closes on Dec 15, 2022.

You can apply in Droneacharya Aerial 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 Droneacharya Aerial IPO will be done on Dec 20, 2022, and the allotted shares will be credited to your demat account by Dec 20, 2022

Droneacharya Aerial IPO's listing date is Dec 23, 2022.

Droneacharya Aerial Innovations Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹52(96.30%)

Premium (ELP)

₹52
(96.30%)