Drone Destination Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

07 Jul 2023

Close Date

13 Jul 2023

Allotment

18 Jul 2023

Listing Date

21 Jul 2023

Exchange

NSE SME

Price Band

₹65

Listing Price

See chart

Allotment Status

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Price Band

₹65

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

68,00,000 shares (aggregating up to ₹44.20 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹130,000

1 lot

Pre-IPO Holding

1,74,99,998 shares

Promoters

Post-IPO Holding

2,42,99,998 shares

Promoters

P/E (Pre)

64.35x

EPS (Pre)

₹25.80

UPI Deadline

2023-07-13

Mandate

Anchor AllotmentThu, 06 Jul 2023

Basis of AllotmentTue, 18 Jul 2023

Refund InitiationWed, 19 Jul 2023

Demat CreditThu, 20 Jul 2023

Listing DayFri, 21 Jul 2023

UPI Mandate Deadline2023-07-13

Sale TypeFresh Capital

Net Offer to Public63,00,000 shares (aggregating up to ₹40.95 Cr)

Market Maker Quota5,00,000 shares (aggregating up to ₹3.25 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Drone Destination Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 13 Jul 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	500,000	—	₹3.25
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,800,000	100%	₹44.20

IPO Shares Offered

Drone Destination Ltd. IPO total issue size: ₹44.20 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	500,000	₹3.25	7.35%
Total	6,800,000	₹44.20	100.00%

* Based on upper price band ₹65 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹65.00

Upper Band

Min Investment

₹130,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹260,000
Retail (Max — 13 Lots)	13	26,000	₹1,690,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,820,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,840,000

* Issue Price ₹65 × Lot Size 2,000 shares

IPO Schedule

Anchor

06 Jul 2023

✓ Done

IPO Open

07 Jul 2023

✓ Done

IPO Close

13 Jul 2023

✓ Done

Allotment

18 Jul 2023

✓ Done

Refunds

19 Jul 2023

✓ Done

Demat Credit

20 Jul 2023

✓ Done

Listing Day

21 Jul 2023

✓ Done

₹65.00

INR · NSE

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Issue ₹65.00 Live Price

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) TrainingEducation & RecreationRent a Drone Agriculture ServicesDrone 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.

Objects of the Issue

To meet out the expenses for purchase of new drones

To meet out the expenses for purchase of vehicle

To meet out the Capital Expenditure Requirement.

To meet out the Working Capital requirements

To meet out the General Corporate Purposes;

Drone Destination Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹39.3

31-Mar-21

₹257.2

31-Mar-22

₹1,207.7

31-Mar-23

Profit After Tax (PAT)

-₹4.6

31-Mar-21

₹20.7

31-Mar-22

₹244.2

31-Mar-23

Particulars	31-Mar-23	31-Mar-22	31-Mar-21
Revenue from Operations	1207.73	257.16	39.33
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	244.19	20.73	-4.56
Net Worth	1757.34	23.15	2.42
Total Assets	2359.33	278.30	96.34
Reserves & Surplus	1257.34	12.15	-8.58
Borrowings	159.17	151.09	9794.46
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

13.90%

RoCE

18.65%

RoNW

13.90%

Debt/Equity

0.06

Issue Structure & Shareholding

Total Shares Offered68,00,000 (100.00%)

Net Offer to Public63,00,000 shares (aggregating up to ₹40.95 Cr)

Reserved for Market Maker5,00,000 shares (aggregating up to ₹3.25 Cr)

Pre-Issue Promoter Holding1,74,99,998 shares

Post-Issue Promoter Holding2,42,99,998 shares

P/BV RatioN/A

RoE13.90%

RoCE18.65%

Debt / Equity0.06

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

To meet out the General Corporate Purposes;Maashitla Securities Pvt.Ltd.

+91-11-45121795-96

investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues

Check Allotment

Book Running Lead Managers

Narnolia Financial Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Drone Destination Ltd. IPO subscribed? ▲

Drone Destination Ltd. IPO is subscribed 1.00 times by Jul 13, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Drone Destination Ltd. IPO retail subscription status? ▼

The Drone Destination Ltd. IPO retail category is subscribed 1.00 times as of 13 Jul 2023. The retail portion is oversubscribed.

How to subscribe Drone Destination Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 07 Jul 2023 and closes 13 Jul 2023. Min investment: ₹130,000 (1 lot = 2,000 shares). UPI mandate: 2023-07-13.

How many times Drone Destination Ltd. IPO subscribed? ▼

The Drone Destination Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Drone Destination Ltd. IPO allotment? ▼

Check allotment on the registrar website (To meet out the General Corporate Purposes;Maashitla Securities Pvt.Ltd.) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 18 Jul 2023. Refunds: on 19 Jul 2023.

When Drone Destination Ltd. IPO will be listed? ▼

The Drone Destination Ltd. IPO listing date is 21 Jul 2023, Friday. Listed on: NSE SME. Issue price: ₹65. Estimated listing: ₹65. GMP: NIL.

When Drone Destination Ltd. IPO close? ▼

The Drone Destination Ltd. IPO closes on 13 Jul 2023, Thursday. UPI mandate: 2023-07-13. Allotment: 18 Jul 2023. Listing: 21 Jul 2023.

Quick Actions

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Live Price LIVE

Last Price₹65.00

Change—

Issue Price₹65.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹65

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹130,000

GMPNIL

Est. Listing₹65

Subscribed1.00x

Open Date07 Jul 2023

Close Date13 Jul 2023

Allotment18 Jul 2023

Listing Date21 Jul 2023

ExchangeNSE SME

UPI Deadline2023-07-13