Drone Destination IPO Details ( Drone Destination Limited IPO Review )
(07 Jul 2023 – 13 Jul 2023)
Drone Destination Limited, established in 2019, is India’s foremost company providing Drone as a Service and Training. As an authorized Remote Pilot Training Organization (RPTO) by the Directorate General of Civil Aviation (DGCA), they offer certified training programs at various locations throughout India.
In October 2022, Drone Destination Limited became the inaugural Drone Training Partner of the National Skill Development Corporation (NSDC). They possess the largest training network in India within their field. The company offers an array of services, including:
- Drone-As-A-Service (DAAS) Training
- Education & Recreation
- Rent a Drone Agriculture Services
Drone Destination has established significant partnerships with IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo. Their clientele comprises over 80 organizations from both private and government sectors. The company holds a prominent position in the SVAMITVA program, actively engaged in surveying and mapping across India, particularly in Karnataka and Gujarat, where they are recognized as the largest player.
The company markets their drones under various names, such as Star Guru, Star Edge, Sky Star, Agristar, Agri Mapper, Star Eye, and Laser Star. Each drone model offers distinct features and caters to different customer requirements.
Drone Destination Limited IPO Competitive Strength
- Largest Drone Training Network in India along with our Training Partner IGRUA, and the highest market share in DGCA-certified Drone Pilot Training.
- Key Partnerships in the Training & Drone Service Space
- A fleet of Owned Drones and vehicles deployed for Drone Services & Training
- Backed by Hubblefly Technologies with extensive Drone manufacturing capabilities
- Experienced management team, backed by a strong board and marquee shareholders, along with strong culture of compliance
Drone Destination IPO Financials Performance ( Results )
Drone Destination Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 96.34 | 39.33 | -4.56 | -4.14 | 2.42 | 2.20 | -8.58 | 9,794.46 |
| 31-Mar-22 | 278.30 | 257.16 | 20.73 | 18.85 | 23.15 | 21.05 | 12.15 | 151.09 |
| 31-Mar-23 | 2,359.33 | 1,207.73 | 244.19 | 25.80 | 1,757.34 | 35.15 | 1,257.34 | 159.17 |
Objective of IPO Issue
- To meet out the expenses for purchase of new drones & accessories. ( ₹10 Crores )
- Purchase of 100 Maruti EECO (5 Seater). ( ₹5.5 Crores )
- Capital Expenditure ( ₹2.045 Crores )
- Working Capital Requirements ( ₹8.5 Crores )
- General Corporate Purpose
- Issue Related Expenses
Drone Destination IPO Basic Details
| IPO Date | Jul 07, 2023 to Jul 13, 2023 |
| Listing Date | Friday, July 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹62 to ₹65 per share |
| Lot Size | 2000 Shares |
| Issue Size | 6,800,000 shares (aggregating up to ₹44.20 Cr) |
| Fresh Issue | 6,800,000 shares (aggregating up to ₹44.20 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 |
| Company Promoters | Mr. Chirag Sharma And Ms. Shashi Bala |
Drone Destination IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Drone Destination IPO Timetable
Drone Destination IPO will open on July 07, 2023 and close on July 13, 2023. You can join Drone Destination IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 07 July 2023 (Friday) |
| Closing Date | 13 July 2023 (Thursday) |
| Basis of Allotment | 18 July 2023 (Tuesday) |
| Initiation of Refunds | 19 July 2023 (Wednesday) |
| Credit of Shares to Demat | 20 July 2023 (Thursday) |
| Listing Date | 21 July 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 13 July 2023 |
Drone Destination IPO Lot Size
For retail investors in Drone Destination IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹130,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹130,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| S-HNI (Min) | 2 | 4000 | ₹260,000 |
Drone Destination IPO Promoter Holding
The company’s promoters include Mr. Chirag Sharma And Ms. Shashi Bala.
| Pre Issue Share Holding | 85.14% |
| Post Issue Share Holding | 62.31% |
Drone Destination Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 157.95 |
| Earning Per Share (EPS) | ₹25.8 per Equity Share |
| Net Asset Value (NAV) | ₹35.15 per Equity Share |
| P/E Ratio (P/E) (x) | 64.35 |
| Return on Net Worth (RoNW) (%) | 13.90 |
| Return on equity (ROE) (%) | 13.90 |
| Return on Capital Employed (ROCE) (%) | 18.65 |
| Debt/Equity Ratio | 0.06 |
| Upper Price/Book Value (Price/BV) Ratio | 1.95 |
Drone Destination Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Drone Destination Limited | Standalone | 65 | 10 | 25.8 | 64.35 | 13.90 | 35.15 |
| Peer Group | |||||||
| Droneacharya Aerial Innovations Limited | Standalone | 149.05 | 10 | 1.77 | 84.21 | 5.16 | 27.63 |
Drone Destination IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 19 July 2023 | ₹40 | – | – |
| 18 July 2023 | ₹37 | – | – |
| 17 July 2023 | ₹37 | – | – |
| 16 July 2023 | ₹38 | – | – |
| 15 July 2023 | ₹39 | – | – |
| 14 July 2023 | ₹40 | – | – |
| 13 July 2023 | ₹52 | – | – |
| 12 July 2023 | ₹50 | – | – |
| 11 July 2023 | ₹52 | – | – |
| 10 July 2023 | ₹46 | – | – |
| 9 July 2023 | ₹56 | – | – |
| 8 July 2023 | ₹56 | – | – |
| 7 July 2023 | ₹45 | – | – |
| 6 July 2023 | ₹40 | – | – |
Drone Destination IPO Detail Video:
Drone Destination IPO Subscription Status (Bidding Detail)
The Drone Destination IPO on July 13, 2023 at 7:30:00 PM was subscribed 191.65 times, with the retail category being subscribed 250.09 times, the NII (Non-Institutional Investor) category being subscribed 243.85 times and the QIB (Qualified-Institutional Buyers) category being subscribed 50.46 times.
| Category | Subscription |
| QIB | 50.46x |
| NII | 243.85x |
| Retail | 250.09x |
| Total | 191.65x |
Drone Destination IPO Prospectus
| Drone Destination IPO DRHP | Download |
| Drone Destination IPO RHP | Download |
| Drone Destination IPO Anchor Investors Details PDF | Download |
Drone Destination IPO Rating
| Our Rating | 4.0/5.0 |
Drone Destination Company Contact Information
Drone Destination Limited
Registered Office: C-13, Ground Floor, Panchsheel Enclave, Delhi-110017, India
Tel: +9141050607
Fax: N.A.
Website: www.thedronedestination.com
E-mail: cosec@thedronedestination.com
Company Secretary and Compliance Officer: Ms. Ayushi Gupta
Promoters: Mr. Chirag Sharma And Ms. Shashi Bala
Drone Destination IPO Registrar
Maashitla Securities Private Limited
Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi –
110034, India
Telephone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Contact Person: Mr. Mukul Agrawal
SEBI Registration Number: INR000004370
CIN: U67100DL2010PTC208725
Drone Destination IPO Lead Manager
Narnolia Financial Services Limited
Address: 201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Telephone: +91- 8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Contact Person: Mr. Pankaj Pasi
SEBI Registration Number: INM000010791
CIN: U51909WB1995PLC072876
Drone Destination IPO FAQs
What is the lot size of Drone Destination IPO?
The total size of Drone Destination IPO is ₹44.20 crores and this is a complete fresh Issue.
When will Drone Destination IPO start?
Drone Destination IPO will open from 07 July 2023 and IPO will close on 13 July 2023.
What is the open date of Drone Destination IPO?
Drone Destination IPO will open date from 7 July 2023.
What is the last date ( close date ) of Drone Destination IPO?
Drone Destination IPO will close from 13 July 2023.
What is the price band of Drone Destination IPO?
Drone Destination IPO price band is ₹62 to ₹65. ( Upper Price Band: ₹65, Lower Price Band: ₹62 )
What is the minimum amount required to apply for Drone Destination IPO?
The minimum investment for retailers to apply for Drone Destination IPO is ₹130,000 and the maximum investment is ₹130,000.
What is going on gray market premium of Drone Destination IPO?
View gray market premium of Drone Destination IPO by Clicking Here
How much is the GMP of Drone Destination IPO?
Watch Drone Destination IPO GMP Today: Click Here
What is the allotment date of Drone Destination IPO?
The allotment date of Drone Destination IPO is 18 July 2023.
How to check allotment status in Drone Destination IPO?
To check the allotment status of Drone Destination IPO, first of all go to the registrar website by clicking here, select your bad Drone Destination IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Drone Destination IPO?
The listing date of Drone Destination IPO is 21 July 2023.
How much will be the listing gain in Drone Destination IPO?
View listing gain of Drone Destination IPO by Clicking Here
How much time Drone Destination IPO is subscribed?
Total 191.65 times subscribed in Drone Destination IPO out of which 250.09 times subscription was done in retail quota, 243.85 times subscription in NII quota and 50.46 times subscription in QIB quota.
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