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Drone Destination Ltd. IPO
NSE SME Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹65
Issue Price
₹65
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹65
GMP based
Lot Size
2,000
shares / lot
Min Amount
₹130,000
1 lot · 2,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
07 Jul 2023
Fri Completed
Done
Close Date
13 Jul 2023
Thu Completed
Done
Allotment
18 Jul 2023
Tue Completed
Done
Refund
19 Jul 2023
Wed Completed
Done
Demat Credit
20 Jul 2023
Thu Completed
Done
Listing Date
21 Jul 2023
Fri Completed
UPI Deadline: 13 Jul 2023
Issue Details
Pricing & Size
Issue Price
₹65 Face ₹10
Lot Size
2,000 shares
Min Investment
₹130,000
Total Issue Size
68,00,000 shares (aggregating up to ₹44.20 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
5,00,000 (7.35%)
QIB Portion
31,48,000 (46.29%)
NII / HNI
9,46,000 (13.91%)
Retail
22,06,000 (32.44%)
Employee
-
Net Offer to Public
63,00,000 shares (aggregating up to ₹40.95 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,74,99,998 shares
Post-Issue Shareholding
2,42,99,998 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 2,000 ₹1,30,000
HNI / NII 2 4,000 ₹2,60,000
Objects of Issue
5 objectives
1
To meet out the expenses for purchase of new drones
10.47 Cr
2
To meet out the expenses for purchase of vehicle
5.50 Cr
3
To meet out the Capital Expenditure Requirement.
2.05 Cr
4
To meet out the Working Capital requirements
8.50 Cr
5
To meet out the General Corporate Purposes;
11.05 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Narnolia Financial Services Ltd
Market Maker
Nikunj Stock Brokers Ltd.
Share India Securities Ltd.
IPO Timeline
Open
07 Jul
✓ Done
Close
13 Jul
✓ Done
Allotment
18 Jul
✓ Done
Listing
21 Jul
✓ Done
Registrar Details
To meet out the General Corporate Purposes;Maashitla Securities Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-11-45121795-96
Email
investor.ipo@maashitla.com
Company Contact
Email
cosec@thedronedestination.com
Phone
011-41050607
Address
C-13, Ground Floor, Panchsheel Enclave, Delhi, New Delhi, 110017
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹65
Est. Listing
₹65
Lot Size
2,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Drone Destination Ltd. LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
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| Price
Market Reference
IPO Issue Price
₹65
GMP
+₹0 (+0%)
GMP Est. Listing
₹65
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 31,48,000 (46.29%) ₹2,046.20 Cr
NII / HNI (Total) 9,46,000 (13.91%) ₹614.90 Cr
Retail Investors 22,06,000 (32.44%) ₹1,433.90 Cr
Total ** 68,00,000 (100.00%) ₹44,200.00 Cr
Market Maker * 5,00,000 (7.35%) ₹32.50 Cr
* Based on ₹65.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
31,48,000 (46.29%)
NII
9,46,000 (13.91%)
Retail
22,06,000 (32.44%)
Market Maker
5,00,000 (7.35%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Lakhs
Metric31-Mar-2331-Mar-2231-Mar-21
Revenue1207.73257.1639.33
PAT244.1920.73-4.56
EBITDA
Net Worth1757.3423.152.42
Total Assets2359.33278.3096.34
Reserves1257.3412.15-8.58
Borrowings159.17151.099794.46
Key Financial Ratios
13.90%
ROE
Return on Equity
18.65%
ROCE
Return on Capital Employed
13.90%
RONW
Return on Net Worth
0.06
D/E Ratio
Debt to Equity
25.80
Pre EPS
EPS Pre-Issue
64.35
Pre P/E
P/E Pre-Issue
About Drone Destination Ltd.

Incorporated in 2019, Drone Destination Limited is India's leading Drone as a Service and Training Company. The entity is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India.

The company became the first Drone Training Partner of the National Skill Development Corporation (NSDC) in Oct 2022. They have the largest Training network in India in their segment. Drone Destination Limited offers a variety of services including:

  • Drone-As-A-Service (DAAS) Training
  • Education & Recreation
  • Rent a Drone Agriculture Services

Drone Destination has key partnerships with IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo. They have More than 80 Clients from Private as well as Government Sectors. The company is a Leading SVAMITVA Player engaging in survey and mapping in India and is reputed as the largest in Karnataka and Gujarat.

The drones offered by the company are marketed under the names - Star Guru, Star Edge, Sky Star, Agristar, Agri Mapper, Star Eye, and Laser Star. All these have their distinct features and entail different requirements of the customers.

Frequently Asked Questions
What is the issue price of Drone Destination Ltd. IPO?
The issue price of Drone Destination Ltd. IPO is ₹65 per share, face value ₹10.
What is the lot size?
Minimum lot size is 2,000 shares, requiring ₹130,000.
What are the IPO dates?
Opens 07 Jul 2023, closes 13 Jul 2023.
When is the listing date?
Tentative listing: 21 Jul 2023 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹65 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Drone Destination Ltd. IPO · Expected 18 Jul 2023

Check on Registrar
Post-IPO Timeline
Allotment Date
18 Jul 2023
Refund Initiation
19 Jul 2023
Demat Credit
20 Jul 2023
Listing Date
21 Jul 2023
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹65
Face ₹10
Lot Size
2,000
shares / lot
Min Amount
₹130,000
1 lot
Est. Listing
₹65
GMP +₹0
Key Dates
Open
07 Jul Done
Close
13 Jul Done
Listing
21 Jul Done
Registrar
To meet out the General Corporate Purposes;Maashitla Securities Pvt.Ltd.
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