Droneacharya Aerial Innovations Limited IPO Message Board (Page 4)

107.95 buyer of 1million shares. All buying orders may not be fulfilled even on upper circuit

Upper Circuit in preopen is @ 102.60..... 90% above issue price. GMP is above that. How will it list above that? Can experienced people shed some light please.

I already posted yesterday that it will list at 102.60.

My view, allottees should wait till Tuesday, when they will be able to sell at around 118.6

It's now 107.95.... I still can't figure out how bse deals with upper circuit level of SMEs....May be open circuit based on order levels.... Will figure it out.
It's my first BSE sme allotment....

Today Listing Droneacharya Aerial Innovations BSE SME IPO
BSE Code :- 543713
Symbol :- DRONACHRYA
GROUP :- MT
ISIN :- INE0MQD01015
LOT SIZE :- 2000 Shares
Issue Price :- 54/-
Listing At :- BSE SME

US market and sgx nifty indicating tomorrow also markets will be down mostly and gmp also went down here which is around 50 rs , 90% of issue price. and recently many sme's are going down a lot...issue size is also good enough here and again QIB's portion is there....current financials are not at all encouraging and issue is priced at more than 40PE as per FY23 and all hype here is about future demand and growth in this company as per this sector ....
So for new buying, decide as per your investment time horizon if you can hold since it may be good bet for long term no matter how it will perform in short term...upto 90-95 may be good buy and allottees may book profit around 110-115 levels whenever coming if strong demand seen in preopen...

Is HDFC Bank allow to apply IPO with respect to FD OD account.
Any other bank?

One can wait for annual returns of 2023 for safe bet. In my opinion.
Else should hold tight whosoever got allotment.

Listing # 102.60

The same modus operandi is being followed by operators now a days in all high subscribed SME shares.......They are making money at the cost of small retail investors

Iss Me aissaa bhi hota hai ki listing ke 1 din pehle woh log(promoter) bse me circuit filter khulvane ke liye baat karte hai aur in drone me 3 se 4 circuit filter khulvane ki baat Hui thi par sustain nahi kar paya

By a good known broker

Gmp 48

Last heard GMP

Dronacharya 54 +/- 1

@takamici
Yes perfect . I also decided to sold the entire if listed above 100.

@takamici
Yes perfect . I also decided to sold the entire if listed above 100.

What is the expected listing price?

Got 1 lot out of 2. What can be listing price? & Should book profit or hold. Kindly guide.

Book Profit and leave .... Greed will not help you ,,
Due to Covid news..already the market is negative

As per my opinion if you really dont need money for a medium term then this company is best to invest. I think this company will deliver in profits and sales for coming 5 years. The feeling is like infosys. It will give 100% return tommorow. I am not alloted but planning to buy the same tomorrow.

Checked the BOA of Drona. the Max lot applied is 1495 worth 16 crore and 6 people have applied same lot. They got 4 lots each. There are lot of people applying upto 20 lots and chances of getting allotment is low. To have good chance of allotment at least 30 lots are needed for good SME IPOs like this.

UPI mandate still not revoked.
I will receive this message "UPI mandate could not be revoked. IC/IC - Axis Bank"
Anyone face the same issue??
Please guide me what to do??

Listing will be interesting will try to buy in pre open.......Dilip davda conclusion is fabulous for this company....

Everyone who has an account in ICICI bank and applied for Droneacharya using ICICI ASBA their money got unblocked post 3:00 PM so all ICICI bank customers were not able to apply for Arihant or UMA.
A similar thing happened during PNGS Gargi and All E as the money of ARHAM got unblocked post 3:00 PM.
If you don't want this to happen in the future please contact your relationship manager and send a complaint through email on       
myrm@icicibank.com,
headdematservices@icicibank.com,
managingdirector@icicibank.com,
customer.care@icicibank.com.
One can find the relationship manager's contact number and email ID on the left side bottom once one opens their ICICI online bank account.
A few people's money was released who called and emailed before 2:00PM today.
Thank you

STILL ICICI BANK ASBA AMOUNT IS BLOCKED. WHEN THEY UNBLOCK AMOUNT ANY IDEA…?

The Sbi Upi amount was unblocked just now. So you guys should receive it soon.

Jai Jai Bhai,
Yes I know it was unblocked for many... but it is unblocked for me at around 4:40 pm. I created UPI mandate and could successfully authorise it before 5pm. But ICICI is still blocked it is my major account.

I have not got allotment, BSE Sms has come regarding non allotment. But amount is still blocked - HDFC Bank , payment made via Gpay

' No data found '
Fraud Registrar - Big Share

Cross checked with BSE after your post and I found my application details correct.
Big share is manipulating allotment in high premium IPOs.
I checked some other members' post also and they are also facing same problem in checking allotment status. ' No data found '. Really pathetic registrar this bigshare.

This is just my guess and not an allegation. With my applications it appears that the system must have been tampered with and lucky applications have been allotted through this glitch and illegal deals have taken place. There must be an inquiry by SEBI.

Any one know then please inform when icici bank unblock amount of dronacharya

Did anybody got unblock message from BOI & SBI. Me not received till 3-00 P.M yoday

Not Unblocked till 3-30 0M

Boi se mat apply Kiya kro
Vo sbke last me unblock hota he

SBI ASBA hold removed just now...

Removed at exact 2 pm
Ab arihant me kese apply kre
Thank you sbi 🥲🫡

mine sbi blocked amout released at 01:57 pm

even in arham blocked released at 01:50 pm

but still it is better bank then many so called private banks...

bob is best for ipo applying...

Amount still blocked in ICICI