Drone Destination (NSE SME)
July 7, 2023 – July 13, 2023
| Price | ₹62 - ₹65 |
| Premium | ₹39 |
|---|---|
| Lot size | 2000 |
| Allotment | Jul 18, 2023 |
| Listing | Jul 21, 2023 |
Drone Destination Limited
C-13, Ground Floor,
Panchsheel Enclave,
Delhi - 110017
Phone: 011-41050607
Email: cosec@thedronedestination.com
Website: http://www.thedronedestination.com/
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 12,60,000 | 6,36,78,000 | 50.54 |
| NIB | 9,46,000 | 23,09,38,000 | 244.12 |
| RETAIL | 22,06,000 | 55,14,56,000 | 249.98 |
| Total | 44,12,000 | 84,60,72,000 | 191.77 |
| Retail Apps | 2,75,728 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 130000 | 0 |
| HNI | 2 | 4000 | 260000 | 0 |
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-As-A-Service (DAAS) Training, Education & Recreation Rent a Drone Agriculture Services 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.
Drone Destination IPO Details
| Total Issue Size | 6,800,000 shares (aggregating up to ₹44.20 Cr) |
| Fresh Issue | 6,800,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,499,998 |
| Share holding post issue | 24,299,998 |
| Market Maker portion | 500,000 shares Nikunj Stock Brokers Share India Securities |
Drone Destination IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
Company Financials
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
|---|---|---|---|
| Total Assets | 96.34 | 278.30 | 2,359.33 |
| Total Revenue | 39.33 | 257.16 | 1,207.73 |
| Profit After Tax | 4.56 | 20.73 | 244.19 |
| Net Worth | 2.42 | 23.15 | 1,757.34 |
| Reserves and Surplus | -8.58 | 12.15 | 1,257.34 |
| Total Borrowing | 9,794.46 | 151.09 | 159.17 |