Established in 2019, Drone Destination Limited stands at the forefront as India’s premier Drone as a Service and Training Company. Holding the distinction of being a DGCA-authorized Remote Pilot Training Organisation (RPTO), the company extends Certified training programs across multiple locations nationwide.
A significant milestone for Drone Destination Limited was becoming the inaugural Drone Training Partner of the esteemed National Skill Development Corporation (NSDC) in October 2022. With an expansive Training network, the company leads the industry in India.
The company’s diverse range of services includes Drone-As-A-Service (DAAS) Training, Education & Recreation, and Rent a Drone Agriculture Services.
Drone Destination Limited enjoys pivotal partnerships with renowned entities such as IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo. With over 80 clients hailing from Private and Government Sectors, the company is recognized as a Leading SVAMITVA Player, actively involved in survey and mapping operations throughout India. Notably, they hold the distinction of being the largest player in Karnataka and Gujarat.
Under the brand names – Star Guru, Star Edge, Sky Star, Agristar, Agri Mapper, Star Eye, and Laser Star – Drone Destination Limited offers an array of high-quality drones, each equipped with distinct features to cater to the diverse requirements of their customers.
As a trailblazer in the Drone industry, Drone Destination Limited continues to soar to new heights, leveraging cutting-edge technology and comprehensive training programs to make its mark in the Indian drone landscape. Their commitment to excellence and strong industry partnerships positions them as the go-to destination for all drone-related services and training needs.
Drone Destination Limited Stock Quote #
- Open: ₹127.80
- High – Low: ₹131.95 – ₹125.10
- Previous Close: ₹124.55
- Total Traded Value: 3,68,000
- Updated On: Aug 22, 2023 4:00 PM
IPO Details #
| IPO Date | Jul 7, 2023 to Jul 13, 2023 |
| Listing Date | Jul 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹62 to ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,800,000 shares (aggregating up to ₹44.20 Cr) |
| Fresh Issue | 6,800,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,499,998 |
| Share holding post issue | 24,299,998 |
| Market Maker portion | 500,000 shares Nikunj Stock Brokers Share India Securities |
IPO Reservation #
| Anchor Investor Shares Offered | 1,888,000 (27.76%) |
| Market Maker Shares Offered | 500,000 (7.35%) |
| QIB Shares Offered | 1,262,000 (18.56%) |
| NII (HNI) Shares Offered | 945,000 (13.90%) |
| Retail Shares Offered | 2,205,000 (32.43%) |
| Total Shares Offered | 6,800,000 (100%) |
Drone Destination IPO Timetable (Tentative) #
Drone Destination IPO opens on Jul 7, 2023, and closes on Jul 13, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 7 July 2023 |
| Closing Date | Thursday, 13 July 2023 |
| Basis of Allotment | Tuesday, 18 July 2023 |
| Initiation of Refunds | Wednesday, 19 July 2023 |
| Credit of Shares to Demat | Thursday, 20 July 2023 |
| Listing Date | Friday, 21 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 13, 2023 |
IPO Lot Size #
The Drone Destination IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
| Lot Size Calculator | |||
IPO Promoter Holding #
Mr. Chirag Sharma and Ms. Shashi Bala are the Promoters of the Company.
| Pre Issue Share Holding | 85.14% |
| Post Issue Share Holding | 62.31% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 96.34 | 39.33 | -4.56 | 2.42 | -8.58 | 9,794.46 |
| 31-Mar-22 | 278.30 | 257.16 | 20.73 | 23.15 | 12.15 | 151.09 |
| 31-Mar-23 | 2,359.33 | 1,207.73 | 244.19 | 1,757.34 | 1,257.34 | 159.17 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 64.35 |
| Market Cap (₹ Cr.) | 157.95 |
| ROE | 13.90% |
| ROCE | 18.65% |
| Debt/Equity | 0.06 |
| EPS (Rs) | 25.8 |
Objects of the Issue #
The Company proposes to utilize the funds towards funding the following objects:
- 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.
IPO Subscription Status (Bidding Detail) #
The Drone Destination IPO is subscribed 191.65 times on Jul 13, 2023 7:29:00 PM. The public issue subscribed 250.09 times in the retail category, 50.46 times in the QIB category, and 243.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 50.46 |
| NII | 243.85 |
| Retail | 250.09 |
| Total | 191.65 |
Total Application : 275,728 (250.21 times)
Company Contact Information #
C-13, Ground Floor,
Panchsheel Enclave,
Delhi – 110017
Phone: 011-41050607
Email: cosec@thedronedestination.com
Website: http://www.thedronedestination.com/
IPO Registrar #
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
IPO Lead Manager(s) #
Frequently Asked Questions #
What is the IPO date and price for Drone Destination IPO? #
The Drone Destination IPO was open for public subscription from July 7, 2023, to July 13, 2023. The price per equity share was ₹65.
What is the lot size and issue size for Drone Destination IPO? #
The lot size for the Drone Destination IPO is 2000 shares per lot. The total issue size is 6,800,000 equity shares, aggregating up to ₹44.20 Crores.
Where will the Drone Destination IPO shares be listed? #
The Drone Destination IPO shares will be listed on the NSE SME platform on July 21, 2023.
What services does Drone Destination Limited offer? #
Drone Destination Limited is a leading Drone as a Service and Training Company. It offers a variety of services, including Drone-As-A-Service (DAAS) Training, Education & Recreation, Rent a Drone Agriculture Services, and survey and mapping services in India.
Who are the promoters of Drone Destination Limited? #
The promoters of Drone Destination Limited are Mr. Chirag Sharma and Ms. Shashi Bala.
What is the financial performance of Drone Destination Limited? #
As of March 2023, Drone Destination Limited reported total assets of ₹2,359.33 Lakhs, total revenue of ₹1,207.73 Lakhs, and a profit after tax of ₹244.19 Lakhs.
When will the Drone Destination IPO allotment status be available? #
The Drone Destination IPO allotment status is expected to be available on July 18, 2023. Investors can check their allotment status on the IPO registrar’s website using their PAN number, Application Number, or DP Client ID.
What is the expected listing date for Drone Destination IPO? #
The Drone Destination IPO shares are expected to be listed on NSE SME on July 21, 2023.
Should I apply for the Drone Destination IPO? #
As an AI language model, I cannot provide personalized investment advice. Deciding to apply for an IPO should be based on careful consideration of various factors, including company financials, market conditions, and your own investment goals. It is recommended to read the prospectus and consult with a financial advisor before making any investment decisions.
How can I check the Drone Destination IPO allotment status? #
To check the Drone Destination IPO allotment status, you can visit the IPO registrar’s website and enter your PAN number, Application Number, or DP Client ID to check the allotment status.
Please note that the information provided above is based on the data available up to July 28, 2023. For the
