Revised date line is not available on the exchange website and as per RHP and the IPO ad of Business Standard the dates are as mentioned here. Let the official letter from exchange/lead manager come with revised date line.
Dilip Davda SEBI registered Research Analyst Mumbai
@Shankar Saha This may be a good SME for the year. I don't think in terms of return/gains, better than Infollion Research, just listed last month. A profit of more than 2 lakhs on listing. Do you remember? If you have other reason, you can mention.
Hubblefly ko public kyon nahi kar rahe? Production vs service, not a lucrative business. If subscription and GMP is high, will definitely apply. Would not get allotment as usual.
14. svh| Link| Bookmark|
July 3, 2023 2:16:03 PM
IPO Guru (2400+ Posts, 3600+ Likes)
Looks another AATMAJ type issue. Issue looks good but the risk involved is in new LM. Listing can be on either side.
Due to QIB quota 50% might be downside disaster limited. Can take a call as huge subscription expected. company encash name of Drone with high valuation.. inspired by Ideafordge
@svh Sir, sub2 bhav 70k che. Sell and apply, lag gaya to lottery. Anyways I think there will be huge oversubscription with the keyword "Drone". Currently "Drone" in Indian markets is equivalent to "AI" in US markets.
14.3. svh| Link| Bookmark|
July 3, 2023 8:30:30 PM
IPO Guru (2400+ Posts, 3600+ Likes)
I have 4 drone unde my division. All 4 are from DJI. My staff have learnt the operating part without any formal training. Now they map the invasive species infestation to new grassland/plantation in forest area to fire burnt area in forest.
Now you can assume the future of this company. Only for certification, the training is mandatory otherwise it is inhouse mechanism.
Plus the skill certification is not required in drone application in agriculture field. Informal trained people will do it. In my all purchases, the vendor himself take cared of training. Secondly there is no particular skill set. The skill set is very easy and it may get easy competition from others.
11. Cyclodium| Link| Bookmark|
July 3, 2023 6:05:19 PM
Top Contributor (600+ Posts, 100+ Likes)
8. abc xyz| Link| Bookmark|
July 3, 2023 3:39:29 PM
IPO Guru (1100+ Posts, 1000+ Likes)
Pros of Drone Destination 1. Drone is a Shining sector as of now. 2. Promoters don't want to miss the upward journey 3. Drone hai to Mumkin hai irrespective of financials. 4. Celebrity/ Anchor investors may pick up the stake.
Cons 1. Lead Manager is new. This is the first ipo handling by it. We have seen the case in AATMAJ. In SME the role of the Lead Manager is very important for the success. 2. Valuations
*DRONE* a magic word now these days. This one word in any name and investors are crazy. It makes no difference whether it is new or old. Financial doesn't matter. DRONE hai to PROFIT hai. Whether it is a producer company or a company educating the people in operations. The same is with this company. Let's see what happens. Future is bright irrespective of all odds.