Drone Destination Ltd
Price Range
₹62 - ₹65
Min. Quantity
2,000
Closes on
13 July 2023
Min. investment
₹1,30,000/2,000 Shares
Drone Destination Ltd IPO Timeline
Drone Destination Ltd was originally incorporated as a private limited company in the name and style of 'Drone Destination Private Limited', on May 10, 2019. Subsequently, the company got converted into public limited company and name of the Company was changed to ' Drone Destination Limited' through fresh Certificate of Incorporation dated May 04, 2023 issued by RoC, Delhi.
| Event | Date |
|---|---|
| Drone Destination Ltd IPO Opening Date | 7 July 2023 |
| Drone Destination Ltd IPO Closing Date | 13 July 2023 |
| Basis of Allotment | 18 July 2023 |
| Initiation of Refunds | 19 July 2023 |
| Credit of Shares to Demat | 21 July 2023 |
| Drone Destination Ltd IPO Listing Date | 21 July 2023 |
Drone Destination Ltd IPO Details
| Drone Destination Ltd IPO Date | 7 July 2023 to 13 July 2023 |
| Drone Destination Ltd IPO Face Value | ₹10 per share |
| Drone Destination Ltd IPO Price | ₹62 to ₹65 per share |
| Drone Destination Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹44.2 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹42.16 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Chirag Sharma, Shashi Bala |
Drone Destination Ltd IPO Lot Size
The Drone Destination Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,30,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,30,000 |
| Maximum | 1 | 2,000 | ₹1,30,000 |
- Strengths
- Risks
- Opportunities
- Integrated Business Model
- Cordial relations with its customers
- Quality Deliverables
- Favourable Government policies
- B2G Business Relations
Company Financials
Drone Destination Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 76.03 | 32.62 | 7.08 |
| 03-2023 | 23.59 | 12.08 | 2.47 |
| 03-2022 | 2.78 | 2.57 | 0.21 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Purchase of New Drones
- Purchase of Vehicle
- Capital Expenditure
- Working Capital Requirements
- General Corporate Purposes
Drone Destination Ltd IPO Promoter Holding
| Pre Issue Share Holding | 10.7% |
| Post Issue Share Holding | 7.71% |
Drone Destination Ltd IPO Subscription Status (Bidding Detail)
The Drone Destination Ltd IPO is subscribed 39.4412 times on 13 July 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 39.4412 |
Drone Destination Ltd IPO Prospectus
Drone Destination Ltd IPO Listing Date
| Listing Date | 21 July 2023 |
| BSE Script | 79226 |
| NSE Symbol | DRONE |
| Listing In | NSE - SME |
| ISIN | INE0P7201019 |
| IPO Price | ₹65 |
| Face Value | ₹10 |
Company Contact Information
C-13, Ground FloorPanchsheel Enclave,Delhi-110017
Phone: +9141050607
Email: cosec@thedronedestination.com
Website: www.thedronedestination.com
Drone Destination Ltd IPO Registrar
Drone Destination Ltd IPO Lead Manager(s)
- Narnolia Financial Services Ltd
FAQ
What is the issue size of Drone Destination Ltd IPO?
I have pre-applied for Drone Destination Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.