Drone Destination IPO Description –Incorporated in 2019, Drone Destination operates the largest network of DGCA-certified Drone Pilot Training Programs along with its training partners and has recently crossed a key landmark by becoming the first flying organization in the country to train 1,000 drone pilots. This feat has been achieved by Drone Destination along with its partners Indira Gandhi Rashtriya Uran Akademi, the largest FTO in the country under the aegis of the Ministry of Civil Aviation, and Sanskardham.
Drone Destination currently operates nine ‘Drone Hubs’ at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai, and IFFCO Phulpur. The company plans to open 150+ Drone Hubs, over the next three years. These drone hubs shall offer drones on rent along with certified pilots, drone enterprise solutions, repair and maintenance support, and specialized training.
Drone Destination has currently deployed over 25 drone teams conducting village and large-scale mapping across Uttar Pradesh, Gujarat, and Andhra Pradesh. The company aims to map at least 1 lakh villages under the ‘Prime Minister Svamitva Yojana’ over the next two years.
The company plans to undertake several other drone-powered service projects including asset inspection across railways, roadways, power, and utility sector, estimating and monitoring mining resources, agri spray and precision agriculture services for crop-yield management and health assessment, surveillance projects to address disaster management and many more.
Promoters of Drone Destination – Mr. Chirag Sharma and Ms. Shashi Bala
Table of Contents
Drone Destination IPO Details
| Drone Destination IPO Dates | 7 – 13 Jul 2023 |
| Drone Destination Offer Price | INR 62 – 65 per share |
| Fresh issue | 68,00,000 shares (INR 42.16 – 44.20 crores) |
| Offer For Sale | NIL |
| Total IPO size | 68,00,000 shares (INR 42.16 – 44.20 crores) |
| Minimum bid (lot size) | 2,000 shares (INR 130,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Drone Destination Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 39.18 | 256.46 | 1,207.22 |
| Expenses | 45.48 | 229.40 | 877.60 |
| Net income | (4.56) | 20.73 | 244.19 |
Drone Destination Offer News
- Drone Destination RHP
- Drone Destination Draft Prospectus
- Top Drone Companies in India
- IdeaForge IPO: All you need to know about India’s top dronemaker
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Drone Destination Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.03) | 0.12 | 1.40 |
| PE ratio | – | – | 44.29 – 46.43 |
| RONW (%) | (188.49) | 89.55 | 13.90 |
| ROCE (%) | (10.86) | 17.09 | 18.65 |
| EBITDA (%) | (6.09) | 15.54 | 38.94 |
| Debt/Equity | 21.85 | 6.42 | 0.06 |
Drone Destination IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 20 July 2023 | 35 | – | 55,000 |
| 19 July 2023 | 40 | – | 55,000 |
| 18 July 2023 | 40 | – | 55,000 |
| 17 July 2023 | 40 | – | 55,000 |
| 15 July 2023 | 45 | – | 60,000 |
| 14 July 2023 | 48 | – | 60,000 |
| 13 July 2023 | 45 | – | 60,000 |
| 12 July 2023 | 45 | – | 60,000 |
| 11 July 2023 | 45 | – | 60,000 |
| 10 July 2023 | 50 | – | 60,000 |
| 8 July 2023 | 45 | – | 55,000 |
| 7 July 2023 | 45 | – | 50,000 |
| 6 July 2023 | 45 | – | 60,000 |
| 5 July 2023 | 40 | – | 55,000 |
| 4 July 2023 | – | – | 40,000 |
Drone Destination IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,260,000 | 1,446,000 | 2,206,000 | 4,912,000 |
| 13 Jul 2023 | 50.54 | 119.15 | 233.14 | 148.47 |
| 12 Jul 2023 | 9.79 | 34.07 | 132.66 | 71.63 |
| 11 Jul 2023 | 6.27 | 18.50 | 81.78 | 43.78 |
| 10 Jul 2023 | 5.62 | 8.86 | 38.30 | 21.23 |
| 7 Jul 2023 | 5.54 | 1.44 | 8.04 | 4.03 |
Drone Destination IPO Allotment Status
Drone Destination IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Drone Destination IPO Dates & Listing Performance
| IPO Opening Date | 7 July 2023 |
| IPO Closing Date | 13 July 2023 |
| Finalization of Basis of Allotment | 18 July 2023 |
| Initiation of refunds | 19 July 2023 |
| Transfer of shares to demat accounts | 20 July 2023 |
| IPO Listing Date | 21 July 2023 |
| Opening Price on NSE SME | INR 107.45 per share (up 65.31%) |
| Closing Price on NSE SME | INR 102.10 per share (up 57.08%) |
Drone Destination Offer Lead Manager
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch,
236 B A.J.C Bose Road, Kolkata, West Bengal- 700020
Phone: +91- 8130678743
Email:Â [email protected]
Website:Â www.narnolia.com
Drone Destination Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone:Â 011-45121795
Email:Â [email protected]
Website:Â www.maashitla.com
Drone Destination Contact Details
DRONE DESTINATION LIMITED
C-13, Ground Floor,
Panchsheel Enclave, Delhi-110017
Phone: +9141050607
E-mail: [email protected]
Website: www.thedronedestination.com
IPO FAQs
What is Drone Destination IPO offer size?
Drone Destination offer size is INR 42.16 – 44.20 crores.
What is the Drone Destination offer price band?
Drone Destination public offer price is INR 62 – 65 per share.
What is the lot size of Drone Destination public offer?
Drone Destination offer lot size is 2,000 shares.
What is Drone Destination IPO GMP today?
Drone Destination IPO GMP today is INR 35 per share.
What is Drone Destination kostak rate today?
Drone Destination kostak rate today is INR NA per application.
What is Drone Destination Subject to Sauda rate today?
Drone Destination Subject to Sauda rate today is INR 55,000 per application.
