The Drone Destination IPO commenced on July 07, 2023, and concluded on July 13, 2023. The allotment of shares took place on July 18, 2023, and the initiation of refunds began on July 19, 2023. The shares were credited to the demat accounts of investors on July 20, 2023. Finally, the listing of Drone Destination on the stock exchange occurred on July 21, 2023.
The Drone Destination IPO was priced at ₹62 to ₹65 per share, with a lot size of 2000. The total issue size was ₹44.20 crores, comprising a fresh issue of ₹44.20 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Drone Destination IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 18 July 2023 | ₹37 | 56.92% | – | – |
| 17 July 2023 | ₹37 | 56.92% | – | – |
| 16 July 2023 | ₹37 | 56.92% | – | – |
| 15 July 2023 | ₹37 | 56.92% | – | – |
| 14 July 2023 | ₹40 | 61.54% | – | – |
| 13 July 2023 | ₹52 | 80.00% | – | – |
| 12 July 2023 | ₹50 | 76.92% | – | – |
| 11 July 2023 | ₹52 | 80.00% | – | – |
| 10 July 2023 | ₹46 | 70.77% | – | – |
| 9 July 2023 | ₹56 | 86.15% | – | – |
| 8 July 2023 | ₹56 | 86.15% | – | – |
| 7 July 2023 | ₹52 | 80.00% | – | – |
| 6 July 2023 | ₹45 | 69.23% | – | – |
Drone Destination Limited, founded in 2019, is India’s leading provider of Drone as a Service and Training. They are authorized by the Directorate General of Civil Aviation (DGCA) as a Remote Pilot Training Organization (RPTO) and offer certified training programs across multiple locations in India.
In October 2022, Drone Destination Limited became the first Drone Training Partner of the National Skill Development Corporation (NSDC) and boasts the largest training network in India in their field. Their range of services includes:
- Drone-As-A-Service (DAAS) Training
- Education & Recreation
- Rent a Drone Agriculture Services
Drone Destination has formed significant partnerships with IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo. They serve a diverse clientele of over 80 organizations from both the private and government sectors. The company holds a prominent position in the SVAMITVA program, actively involved in surveying and mapping projects across India, with a particular focus on Karnataka and Gujarat, where they are recognized as the largest player.
The company markets their drones under various names, including Star Guru, Star Edge, Sky Star, Agristar, Agri Mapper, Star Eye, and Laser Star. Each drone model offers unique features to cater to different customer requirements.
Drone Destination IPO More Details Click Here
