Drone Destination IPO Details | GMP, Date, Price, Review

Drone Destination IPO Details GMP, Date, Price, Review, Allotment

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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:

  1. Drone-As-A-Service (DAAS) Training
  2. Education & Recreation
  3. 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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

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 DateJul 07, 2023 to Jul 13, 2023
Listing DateFriday, July 21, 2023
Face Value₹10 per share
Price₹62 to ₹65 per share
Lot Size2000 Shares
Issue Size6,800,000 shares
(aggregating up to ₹44.20 Cr)
Fresh Issue6,800,000 shares
(aggregating up to ₹44.20 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,499,998
Share holding post issue24,299,998
Company PromotersMr. Chirag Sharma
And Ms. Shashi Bala

Drone Destination IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% 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.

Opening Date07 July 2023 (Friday)
Closing Date13 July 2023 (Thursday)
Basis of Allotment18 July 2023 (Tuesday)
Initiation of Refunds19 July 2023 (Wednesday)
Credit of Shares to Demat20 July 2023 (Thursday)
Listing Date21 July 2023 (Friday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)12000₹130,000
Retail (Max)12000₹130,000
S-HNI (Min)24000₹260,000

Drone Destination IPO Promoter Holding

The company’s promoters include Mr. Chirag Sharma And Ms. Shashi Bala.

Pre Issue Share Holding85.14%
Post Issue Share Holding62.31%

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.

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 Ratio0.06
Upper Price/Book Value (Price/BV) Ratio1.95

Drone Destination Ltd Peer Comparison

Company NameConsolidated/
Drone Destination
Peer Group
Aerial Innovations

Drone Destination IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject 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.


Drone Destination IPO Prospectus

Drone Destination IPO DRHPDownload
Drone Destination IPO RHPDownload
Drone Destination IPO Anchor Investors Details PDFDownload

Drone Destination IPO Rating

Our Rating4.0/5.0

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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