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Droneacharya Aerial Innovations IPO is a book built issue of Rs 33.97 crores. The issue is entirely a fresh issue of 62.9 lakh shares.
Droneacharya Aerial Innovations IPO bidding started from December 13, 2022 and ended on December 15, 2022. The allotment for Droneacharya Aerial Innovations IPO was finalized on Tuesday, December 20, 2022. The shares got listed on BSE SME on December 23, 2022.
Droneacharya Aerial Innovations IPO price band is set at ₹52 to ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Droneacharya Aerial Innovations IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Droneacharya Aerial Innovations IPO is R.K.Stock Holding.
Refer to Droneacharya Aerial Innovations IPO RHP for detailed information.
| IPO Date | December 13, 2022 to December 15, 2022 |
| Listing Date | December 23, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,290,000 shares (aggregating up to ₹33.97 Cr) |
| Fresh Issue | 6,290,000 shares (aggregating up to ₹33.97 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 316,000 shares R.K.Stock Holding |
Droneacharya Aerial Innovations IPO offers 7,144,000 shares. 1,194,000 (16.71%) to QIB, 1,214,000 (16.99%) to NII, 2,092,000 (29.28%) to RII 2,328,000 (32.59%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 2,328,000 (32.59%) |
| Market Maker Shares Offered | 316,000 (4.42%) |
| QIB Shares Offered | 1,194,000 (16.71%) |
| NII (HNI) Shares Offered | 1,214,000 (16.99%) |
| Retail Shares Offered | 2,092,000 (29.28%) |
| Total Shares Offered | 7,144,000 (100%) |
Droneacharya Aerial Innovations IPO raises Rs 12.57 crore from anchor investors. Droneacharya Aerial Innovations IPO Anchor bid date is December 12, 2022. Droneacharya Aerial Innovations IPO Anchor Investors list
| Bid Date | December 12, 2022 |
| Shares Offered | 2,328,000 |
| Anchor Portion Size (In Cr.) | 12.57 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 19, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 20, 2023 |
Droneacharya Aerial Innovations IPO opens on December 13, 2022, and closes on December 15, 2022.
| IPO Open Date | Tuesday, December 13, 2022 |
| IPO Close Date | Thursday, December 15, 2022 |
| Basis of Allotment | Tuesday, December 20, 2022 |
| Initiation of Refunds | Wednesday, December 21, 2022 |
| Credit of Shares to Demat | Thursday, December 22, 2022 |
| Listing Date | Friday, December 23, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 15, 2022 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
| Lot Size Calculator | |||
Mr. Prateek Srivastava and Mrs. Nikita Srivastava are the company Promoters.
| Share Holding Pre Issue | 38.23% |
| Share Holding Post Issue | 28.21% |
Incorporated in 2017, Droneacharya Aerial Innovations Limited provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, Drone pilot training & specialized GIS training g.
The company's offerings can be classified into four broad categories namely,
1. Training (DGCA Certified Drone Pilot, Drone Building, Aerial Cinematography & Aerial Making and Drone data processing).
2. Services (Consultancy services to Govt. & private organizations, reality capture data processing software, anti-drone solution for rogue UAV and UTM air traffic management solution).
3. Surveillance (land surveying and underwater services).
4. Others (Partnering up with SPH Engineering from Latvia, Droneacharya is also able to provide integrated drones solutions for Bathymetry, drone hows, Hydrography, industrial and archaeological surveys, along with Environmental Monitoring).
Droneacharya Aerial Innovations Limited Drone is a full-fledged innovative solution, based out in the Cultural and IT hub of Pune, Maharashtra, with offices operating in Pune.
Droneacharya's recent pre-seed funding round closed at a whopping USD 4.6 Million, which is the highest for any drone startup across the country.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2.51 | 0 | -2.3 | 0.91 | 0.82 |
| 31-Mar-21 | 119.13 | 1 | -14.89 | 104.08 | 1.27 |
| 31-Mar-22 | 1546.52 | 358.74 | 40.65 | 1447.77 | 46.25 |
| 30-Jun-22 | 3402.62 | 308.96 | 72.06 | 3357.77 | 1.02 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Droneacharya Aerial Innovations IPO is Rs 129.54 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 45 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1) Purchase of Drone and other accessories.
2) General Corporate Expenses.
[Dilip Davda] DAIL is in the sunrise industry and is poised for a bright future ahead. Though its current valuations discount all near-term positives, this being a pure long-term story, patient investors should grab this opportunity. Post-listing, it will catch up with the fancy as a first mover in this new segment having numerous opportunities for servicing and security. Read detail review...
The Droneacharya Aerial Innovations IPO is subscribed 243.70 times on December 15, 2022 6:59:00 PM. The public issue subscribed 330.82 times in the retail category, 46.21 times in the QIB category, and 287.80 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 46.21 |
| NII | 287.80 |
| Retail | 330.82 |
| Total | 243.70 |
| Listing Date | December 23, 2022 |
| BSE Script Code | 543713 |
| NSE Symbol | |
| ISIN | INE0MQD01015 |
| Final Issue Price | ₹54 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹54.00 |
| ₹102.00 |
| ₹96.90 |
| ₹107.10 |
| ₹107.10 |
Droneacharya Aerial Innovations Limited
Cabin No. - 10, 5th Floor,
IndiQube Penta, New No. 51,
(Old No.14) Richmond Road, Bangalore – 560025
Phone: +7758810315
Email: cs@droneacharya.com
Website: https://droneacharya.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Droneacharya Aerial Innovations IPO is a SME IPO of 6,290,000 equity shares of the face value of ₹10 aggregating up to ₹33.97 Crores. The issue is priced at ₹52 to ₹54 per share. The minimum order quantity is 2000 Shares.
The IPO opens on December 13, 2022, and closes on December 15, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Droneacharya Aerial Innovations IPO using UPI as a payment gateway. Zerodha customers can apply in Droneacharya Aerial Innovations IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Droneacharya Aerial Innovations IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Droneacharya Aerial Innovations IPO opens on December 13, 2022 and closes on December 15, 2022.
Droneacharya Aerial Innovations IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.
You can apply in Droneacharya Aerial Innovations IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Droneacharya Aerial Innovations IPO will be done on Tuesday, December 20, 2022, and the allotted shares will be credited to your demat account by Thursday, December 22, 2022. Check the Droneacharya Aerial Innovations IPO allotment status.
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