The Drone Destination IPO date has been scheduled. The IPO will begin on July 7 and end on July 11. Using an IPO, Drone Destination, an NSE SME IPO, hopes to raise 44.20 crores. With a market lot of 2000 shares, the Drone Destination IPO price range is set at ₹62 to ₹65.
A DGCA-approved Remote Pilot Training Organisation (RPTO), Drone Destination Limited provides Certified training programs at numerous places in India. The business is headquartered in New Delhi and has a skilled group of aviation and drone experts on staff. Additionally, the business provides a variety of services, including Drone-As-A-Service (DAAS), Training, Education, Recreation Rent a Drone, Agriculture Services, and more. Key agreements between Drone Destination and IGRUA, IFFCO, IIT Patna,
NSDC, Neo-Geo, and Matrix-Geo exist. At the moment, Drone Destination operates three independent training facilities in Gurugram, Chandigarh, and Phulpur. They presently have locations in Gurugram, Bangalore, Gwalior, Kangra, Coimbatore, Madurai, and Bhopal. They have also signed into an arrangement with Indira Gandhi Rashtriya Uran Akademi (IGRUA) to provide DGCA-certified drone training. As the National Skill Development Corporation’s (NSDC) first drone training partner, the company will provide joint certification for a number of drone-related application courses via the Skill India Portal. In order to make training reasonable and convenient for prospective drone pilots, they are also providing skill loans through the organization with the support of banking partners.
The business just began providing drone services for “Prime Minister Svamitva Yojna” through an MOU-led agreement with the GIS firms MatrixGeo, NeoGeo, and GeoKno. Through the use of drone technology to map land parcels, this program is an effort by the Indian government to establish clear ownership of property in rurally populated (Abadi) areas. Village household owners will receive a “Record of Rights” along with the issuance of legal ownership cards (Digital Property cards/Title deeds) to the property owners.
Drone Destination IPO Date & Price Band Details
| IPO Open: | July 7, 2023 |
| IPO Close: | July 11, 2023 |
| IPO Size: | Approx ₹44.20 Crores, 6,800,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹62 to ₹65 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Drone Destination IPO Market Lot
The Drone Destination IPO minimum market lot is 2000 shares with a ₹130,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹130,000 |
| Retail Maximum | 1 | 2000 | ₹130,000 |
| S-HNI Minimum | 2 | 4000 | ₹260,000 |
Objects of the Issue:
- To meet the expenses for the purchase of new drones.
- To meet the expenses for the purchase of the vehicle.
- To meet the Capital Expenditure Requirement.
- To meet the Working Capital requirements.
- To meet the General Corporate Purposes.
- To meet out the Issue Expenses.
Drone Destination IPO Review
- To be updated soon
Drone Destination IPO Dates
The Drone Destination IPO date is July 7 and the IPO close date is July 11. The IPO allotment date is July 17 and the IPO might list on July 19.
| IPO Open Date: | July 7, 2023 |
| IPO Close Date: | July 11, 2023 |
| Basis of Allotment: | July 14, 2023 |
| Refunds: | July 17, 2023 |
| Credit to Demat Account: | July 18, 2023 |
| IPO Listing Date: | July 19, 2023 |
Drone Destination IPO Form
How to apply Drone Destination IPO? –> You can apply Drone Destination IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Drone Destination IPO in the Invest section. The other option you can apply Drone Destination IPO via IPO forms download via the NSE website. Check out the Drone Destination forms.
Drone Destination Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹- | ₹- | ₹- |
| 2021 | ₹39.35 | ₹45.49 | ₹4.55 |
| 2022 | ₹257.16 | ₹229.40 | ₹20.73 |
| 2023 6M | ₹1207.73 | ₹877.90 | ₹244.19 |
Drone Destination IPO Valuation – FY2022
Check Drone Destination IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹25.80 per Equity Share |
| Price/Earning P/E Ratio: | 69.27 |
| Return on Net Worth (RoNW): | 13.90% |
| Net Asset Value (NAV): | ₹35.15 per Equity Share |
Peer Group
- Droneacharya Aerial Innovations Limited
Drone Destination IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://www.maashitla.com
Company Address
Drone Destination Limited
C-13, Ground Floor,
Panchsheel Enclave,
Delhi – 110017
Phone: 011-41050607
Email: [email protected]
Website: http://www.thedronedestination.com
Company Promoters
- Mr. Chirag Sharma
- Ms. Shashi Bala
Drone Destination IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd
Drone Destination IPO FAQs:
Q1. What is Drone Destination IPO?
Ans. Drone Destination IPO is an NSE SME IPO. They are going to raise ₹44.20 Crores via IPO. The issue is priced at ₹62 to ₹65 per equity share. The IPO is to be listed on NSE.
Q2. When Drone Destination IPO will open?
Ans. The IPO is to open on July 7, 2023 for QIB, NII, and Retail Investors.
Q3. What is Drone Destination IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Drone Destination IPO?
Ans. You can apply Drone Destination IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Drone Destination IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Drone Destination”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Drone Destination IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Drone Destination”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Drone Destination IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Drone Destination”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Drone Destination IPO Size?
Ans. Drone Destination IPO size is ₹44.20 crores.
Q9. What is Drone Destination IPO Price Band?
Ans. Drone Destination IPO Price Band is ₹62 to ₹65 per equity share.
Q10. What is Drone Destination IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 2000 shares with ₹130,000.
Q11. What is Drone Destination IPO Allotment Date?
Ans. Drone Destination IPO allotment date is July 14, 2023.
Q12. What is Drone Destination IPO Listing Date?
Ans. Drone Destination IPO listing date is July 19, 2023. The IPO to list on NSE SME.
