Drone Destination Limited
Book Built Issue IPO · NSE
- Price band
- ₹62 - ₹65
- Lot size
- 2,000 shares
- Issue amount
- ₹44.2 cr
- Total subscription
- 191.77×
- Opens
- 7 Jul 2023
- Closes
- 13 Jul 2023
- Allotment
- 18 Jul 2023
- Listing
- 21 Jul 2023
Offer at a glance
Issue overview
- Issue size
- 68,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,24,000
- Fresh issue
- ₹44.2 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,30,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,74,99,998
- Shares after issue
- 2,42,99,998
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,30,000 |
| HNI | 2 | 4,000 | ₹2,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.19 | 413.91 |
| RETAIL | 14.34 | 3,584.46 |
| NIB | 6.15 | 1,501.1 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 25.8 |
| ROE | 13.9 |
| ROCE | 18.65 |
| RONW | 13.9 |
| PRE IPO(PE) | 64.35 |
| POST IPO(PE) | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Promoters
Mr. Chirag Sharma
Ms. Shashi Bala
Registrar & documents
Lead manager
Narnolia Financial Services Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
C-13, Ground Floor, Panchsheel Enclave, Delhi - 110017
011-41050607
[email protected]Company website ↗Understanding DRONE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.