Droneacharya Aerial Innovations Limited IPO GMP, Review, Price, Allotment
Droneacharya Aerial Innovations is set to launch its initial public offering on December 13 in the SME category. The company plans to raise nearly ₹34 crore through the public offer. In the grey market, the company was trading at a premium of ₹65 per equity share.
The IPO is a purely fresh issue of 62.90 lakh equity shares at a price band of ₹52 per share and ₹54 per share. At the upper price band, the IPO has valued around ₹33.97 crore. The issue will close on December 15. Meanwhile, anchor investors will be able to bid on December 12 for the IPO.
About Droneacharya Aerial Innovations Limited:
Droneacharya Aerial Innovations is a drone solutions company that provides training, services, surveillance, and other solutions. The company is based in Pune, Maharashtra, with offices in Pune. Droneacharya offers high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data using robust high-configuration workstations, and drone pilot training & specialized GIS training. According to the company’s red herring prospectus, the Indian drone sector is expected to achieve a turnover of ₹12,000-15,000 crore by 2026.
In the prospectus, Droneacharya revealed plans to open offices and RPTOs in various cities across the country. They are also expanding their reach to leverage multiple offerings of their Drone services as well as Drone training courses. Creating a pool of talent trained in operating drones as per DGCA guidelines is also a key focus. Maintaining strong relationships with existing clients while gaining new ones and improving efficiencies at all levels of the operational process will help the company achieve cost reductions and remain competitive.
Droneacharya Aerial Innovations Limited IPO Important Dates:
| Opening Date | 13 December 2022 |
| Closing Date | 15 December 2022 |
| Basis of Allotment | 20 December 2022 |
| Initiation of refunds | 21 December 2022 |
| Transfer of shares to demat accounts | 22 December 2022 |
| Listing Date | 23 December 2022 |
Droneacharya Aerial Innovations Limited IPO Details
| Droneacharya Aerial Innovations Limited IPO Price | ₹52 to ₹54 per share |
| Lot Size | 2000 Shares |
| Minimum Amount for 1 lot | ₹14,850 |
| Total IPO size | ₹33.97 crore |
| Offer for Sale | 62,90,000 shares |
| Listing At | BSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Objective of the Issue:
- Purchase of Drone and other accessories.
- General Corporate Expenses.
Company Financials
Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2.51 | 0 | -2.3 | 0.91 | 0.82 |
| 31-Mar-21 | 119.13 | 1 | -14.89 | 104.08 | 1.27 |
| 31-Mar-22 | 1546.52 | 358.74 | 40.65 | 1447.77 | 46.25 |
| 30-Jun-22 | 3402.62 | 308.96 | 72.06 | 3357.77 | 1.02 |
EPS, PE Ration, NAV:
| Earning Per Share (EPS): | ₹0.35 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 2.80% |
| Net Asset Value (NAV): | ₹12.39 per Equity Share |
Peer Comparison:
Company Promoters:
- Mr. Prateek Srivastava
- Mrs. Nikita Srivastava
IPO Registrar:
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Contact Information:
Droneacharya Aerial Innovations Limited
Cabin No. – 10, 5th Floor,
IndiQube Penta, New No. 51,
(Old No.14) Richmond Road, Bangalore – 560025
Phone: +7758810315
Email: cs@droneacharya.com
Website: https://droneacharya.com/
IPO Offer Lead Manager:
Corporate CapitalVentures Pvt Ltd
160, Lower Ground Floor, Vinoba Puri,
Lajpat Nagar II,
New Delhi 110 024
Website: http://ccvindia.com/
Email: info@ccvindia.com
Phone: +91 11 4170 4066
Fax:
Droneacharya Aerial Innovations Limited IPO GMP today
| Droneacharya Aerial Innovations Limited IPO grey market premium | Subject to Sauda | Listing Gain |
| ₹65 | ₹1,05,000 | 120% |
Droneacharya Aerial Innovations Limited IPO Review:
| What our experts say about Droneacharya Aerial Innovations Limited IPO | Apply |
Droneacharya Aerial Innovations Limited IPO Subscription Status live:
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 46.21 |
| Non-Institutional Buyers | 287.80 |
| Retail Investors | 330.82 |
| Employees | – |
| Others | – |
| Total | 243.70 |
Droneacharya Aerial Innovations Limited IPO Subscription Details (times):
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 13, 2022 | 1.02 | 12.58 | 37.31 | 21.01 |
| Day 2 Dec 14, 2022 | 2.58 | 55.75 | 146.47 | 83.82 |
| Day 3 Dec 15, 2022 | 46.21 | 287.80 | 330.82 | 243.70 |
Droneacharya Aerial Innovations IPO Allotment Status:
| Check Droneacharya Aerial Innovations Limited IPO Allotment Status | Click Here |
Droneacharya Aerial Innovations Limited IPO Listing Price:
| IPO Price Band | |
| Open | |
| Low | |
| High | |
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FAQ:
When will Droneacharya Aerial Innovations Limited IPO open for subscription?
Droneacharya Aerial Innovations Limited IPO is set to open on 13 December 2022.
What is Droneacharya Aerial Innovations Limited IPO Price Band?
Droneacharya Aerial Innovations Limited IPO Price Band is ₹52 to ₹54 per share.
What is the lot size of Droneacharya Aerial Innovations Limited IPO?
Lot size of Droneacharya Aerial Innovations Limited IPO is 2000 Shares per lot.
What is the issue size of Droneacharya Aerial Innovations Limited IPO?
Droneacharya Aerial Innovations Limited IPO issue size is ₹33.97 crore.
What is the last date to apply for Droneacharya Aerial Innovations Limited IPO?
Last date to apply Droneacharya Aerial Innovations Limited IPO is 15 December 2022.
What is the Droneacharya Aerial Innovations Limited IPO Allotment Date?
Allotment Date for Droneacharya Aerial Innovations Limited IPO is 20 December 2022.
What is the Droneacharya Aerial Innovations Limited IPO listing date?
Listing Date for Droneacharya Aerial Innovations Limited IPO is 23 December 2022.
Droneacharya Aerial Innovations Limited IPO should I buy?
Yes, you should buy Droneacharya Aerial Innovations Limited IPO.
How to apply Droneacharya Aerial Innovations Limited IPO through 5 Paisa?
- Login to your 5paisa account and select Droneacharya Aerial Innovations Limited IPO” in the current IPO section.
- Enter the number of lots and price at which you wish to apply for the IPO.
- Enter your UPI ID and click on submit.
- You will receive a mandate notification to block funds in your UPI app.
- Approve the mandate request on your UPI and funds will be blocked
