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Droneacharya Aerial Innovations Limited IPO (Droneacharya Aerial Innovations IPO) Detail

December 13, 2022 - December 15, 2022

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.

Droneacharya Aerial Innovations IPO Details

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 Size6,290,000 shares
(aggregating up to ₹33.97 Cr)
Fresh Issue6,290,000 shares
(aggregating up to ₹33.97 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion316,000 shares
R.K.Stock Holding

Droneacharya Aerial Innovations IPO Reservation

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 Offered2,328,000 (32.59%)
Market Maker Shares Offered316,000 (4.42%)
QIB Shares Offered1,194,000 (16.71%)
NII (HNI) Shares Offered1,214,000 (16.99%)
Retail Shares Offered2,092,000 (29.28%)
Total Shares Offered7,144,000 (100%)

Droneacharya Aerial Innovations IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Droneacharya Aerial Innovations IPO Lot Size

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

Droneacharya Aerial Innovations IPO Promoter Holding

Mr. Prateek Srivastava and Mrs. Nikita Srivastava are the company Promoters.

Share Holding Pre Issue 38.23%
Share Holding Post Issue 28.21%

About Droneacharya Aerial Innovations Limited

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.

Company Financials

Droneacharya Aerial Innovations Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202.510-2.30.910.82
31-Mar-21119.131-14.89104.081.27
31-Mar-221546.52358.7440.651447.7746.25
30-Jun-223402.62308.9672.063357.771.02
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Droneacharya Aerial Innovations IPO is Rs 129.54 Cr.

Pre IPO Post IPO
P/E (x) 45

Objects of the Issue (Droneacharya Aerial Innovations IPO Objectives)

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.

Droneacharya Aerial Innovations IPO Review (Apply)

[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...


Droneacharya Aerial Innovations IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB46.21
NII287.80
Retail330.82
Total243.70

Droneacharya Aerial Innovations IPO Rating

523
4.0
Rating:Rated 4.0 stars
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Droneacharya Aerial Innovations IPO Listing Details

Listing Date December 23, 2022
BSE Script Code 543713
NSE Symbol
ISIN INE0MQD01015
Final Issue Price ₹54 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹54.00
₹102.00
₹96.90
₹107.10
₹107.10

Check IPO Performance…

Droneacharya Aerial Innovations Limited Contact Details

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/

Droneacharya Aerial Innovations IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Droneacharya Aerial Innovations IPO - Buy or Not

Droneacharya Aerial Innovations IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 6 1 1

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Droneacharya Aerial Innovations IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Droneacharya Aerial Innovations IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Droneacharya Aerial Innovations IPO listing date is on December 23, 2022.
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Droneacharya Aerial Innovations IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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819 Comments

326. Gem picker |   Link |  Bookmark |January 27, 2023 2:03:43 PM
M Ravi sir

We are very lucky that we have one mentor like you in our wealth creation journey....
326.6. MRavichandran |   Link |  Bookmark |January 28, 2023 1:43:56 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@Denim,
Drone, sure a long term PF stock.
The three you mentioned also very good picks to keep in PF. Though very difficult to select one, I would go with phantom due to their last half yearly great results and unique business (heard they are growing good speed)

Thanks
326.7. Denim |   Link |  Bookmark |January 28, 2023 4:39:41 PM
Thanks for the providing clear view (As always).
325. ADITYA OLD |   Link |  Bookmark |January 27, 2023 1:53:06 PM
FAKE MRAVICHANDRAN SAID HE BUY 68000 SHARE TODAY
324. ADITYA OLD |   Link |  Bookmark |January 27, 2023 1:50:45 PM
AGAIN SAYING SELL YOUR SELL TARGET 54 RS N TWO MONTHS
323. ManishDwiv |   Link |  Bookmark |January 27, 2023 8:53:17 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
one more LC today..looks like ipo price may come
323.1. Arca |   Link |  Bookmark |January 27, 2023 9:45:46 AM (1000+ Posts, 500+ Likes)
I guess Qib portion is the reason for lc's, but don't expect it to go to ipo price. Even crossing below listing price105₹ is tuff.
322. G profit |   Link |  Bookmark |January 25, 2023 9:13:15 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Only LC. Seems drone is returning back after flying
321. ajas |   Link |  Bookmark |January 23, 2023 4:18:01 PM
I think SHAH ADITYA got hit by a Drone and hurt very badly. Thats why he is so hate and concerned about the word "Drone". Comments are not related to share market. I am sure he is not having any idea about what it is. Simply coming in the morning and putting hate speeches about Drone. :)

320. Denim |   Link |  Bookmark |January 22, 2023 5:14:51 PM
@MRavichandran, Any insights about Q2 & Q3 results sir?
320.1. MRavichandran |   Link |  Bookmark |January 26, 2023 6:12:12 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@Denim,
SMEs normally every half yearly, in Drone, I don’t expect a very big results, ending March 23. If there could be a good growth, it can be taken as positive. In my personal view, by Dec 23, this should start delivering greater results, by then it would have fully materialised ipo money.

Thanks
320.2. Denim |   Link |  Bookmark |January 26, 2023 11:52:55 AM
Got it, thanks sir.
319. Gem picker |   Link |  Bookmark |January 20, 2023 4:13:42 PM
Shah Aditya bhai,

Humko hamari holding zero karni ha don't worry, we are ready to bear full loss and price to be zero, please don't take tension.. M Ravi sir is very respected member of this forum please don't post any messages on him...
319.1. MRavichandran |   Link |  Bookmark |January 20, 2023 8:52:19 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@Gem picker,
Thanks for those kind words. We need to ignore those people and not to reply.

Happy that Drone has turn it around today though little late. All the best for those holding

Thanks
319.2. Gem picker |   Link |  Bookmark |January 20, 2023 10:02:09 PM
Dear M Ravi sir,

Thank you sir, will try to avoid this kind of people.
318. Denim |   Link |  Bookmark |January 20, 2023 11:17:27 AM
Finally at UC after long time.
317. Gem picker |   Link |  Bookmark |January 20, 2023 9:45:23 AM
Dear Admin

Thanks again for blocking spammers
316. SHAH ADITYA NEW |   Link |  Bookmark |January 20, 2023 9:01:40 AM
WHY YOU ALL HATE ME I DO NOT KNOW YOU JUSTNOT ACCEPT REALITY
315. SHAH ADITYA NEW |   Link |  Bookmark |January 20, 2023 8:58:14 AM
AGAIN SAYING MARKET GIVE OPPORTUNITY IN EXIT SELL YOUR HLDING TARGET BELOW 54 IN SIX MONTHS
314. Gem picker |   Link |  Bookmark |January 19, 2023 8:32:03 AM
Dear Admin

Thank you for support...pls keep tight watch on new members who post stupid messeges in the forum....
313. G SHANMUKHA TEJA |   Link |  Bookmark |January 19, 2023 8:47:19 PM
Hai mentors, I have taken this share at 200rs. Couldn't sell it with a profit and everyday it's hitting lower circuit. I am worried on the losses. Could you please enlighten me with the future of the share if it goes up 200rs?

Thanks in advance
313.7. WealthyRam |   Link |  Bookmark |January 27, 2023 10:28:57 AM
@MRavi sir - thanks for your update. Perhaps your buy orders helping this drone to come out of LC and looks like its finding its feet 146-150 range. Hopefully no more bleeding here!!
313.8. Arca |   Link |  Bookmark |January 27, 2023 10:49:32 AM (1000+ Posts, 500+ Likes)
@mravi sir
Just be careful (> 30days) 50% of qib portion is there they will dump their shares and they will buy at low price. After (>90 days) they still will have more.
Many examples are there like all e tec, vital , eki
312. Gem picker |   Link |  Bookmark |January 18, 2023 12:04:58 PM
Dusro ka nuksaan karwake apna fayda sochnewale jindagi me kabhi upar nai aate...........
312.1. selohic |   Link |  Bookmark |January 18, 2023 1:20:02 PM
Bhai, Aaj 18th Jan ki deliverable (25%) dekh lo. Pata chal jayega kon nukshan kar raha hai. Those bullish should apply break for purchase, for own sake Bada game ho raha hai. Aaj buy karte karte Bach gaya preopen main.
312.2. Denim |   Link |  Bookmark |January 18, 2023 1:28:49 PM
It is 25% but number wise it is 5.5 lakh shares which is huge number.
311. shah aditya |   Link |  Bookmark |January 18, 2023 10:09:47 AM
again saying exit target below 54 in three month this ipo mentor is just scammer
311.2. Gem picker |   Link |  Bookmark |January 18, 2023 11:41:27 AM
Dear Admin,

Shah aditya is suspicious person as he is posting stupid messages in the forum, please take action........
311.3. courser |   Link |  Bookmark |January 18, 2023 1:05:59 PM
Dear Admin,

Kindly stop new accounts from posting fake/irealistic message in this forum.

This plateform is holding quality stadards bcause of informative meesages shared by exeperianced member.

This kind of fake accounts need to be restricted from posting.
310. Denim |   Link |  Bookmark |January 18, 2023 8:51:21 AM
Huge volumes daily, suddenly big buy order coming then big sell orders, not able to understand what's happening here,
As per my limited knowledge when there us huge volumes stock will become rocket in upward or downward direction, let's see where this dron goes.
310.7. Arca |   Link |  Bookmark |January 18, 2023 10:30:43 AM (1000+ Posts, 500+ Likes)
I meant this type of data is available in nse and bse and 😂not drona details available in nse.
I didn't know they were giving realtime delivery %.
310.8. Denim |   Link |  Bookmark |January 18, 2023 10:50:55 AM
Okay, not real time they are updating it at nearly half an hour time.
309. shah aditya |   Link |  Bookmark |January 18, 2023 10:12:12 AM
why my post erase ??
308. shah aditya |   Link |  Bookmark |January 18, 2023 9:28:06 AM
again saying just sell your holding in 3 months sshare trade below its ipo price 54 rs and in 1 year 2000 share lot value of this company less then 30000 rs
307. shah aditya |   Link |  Bookmark |January 17, 2023 9:29:55 AM
company trade below its ipo price 54 rs in three months
307.7. courser |   Link |  Bookmark |January 18, 2023 7:45:56 PM
Agree with Arca (https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1348&c=574742&ap=0)

The Moneycontrol Forum has no value because of the bombardment of fake and spam messages. It's a pure waste of time to view Mcontrol forum messages.

This is the single most popular IPO-related platform with genuine and informative content. But some of the spammers occasionally drop themselves here.

I hope admin will take note of these incidences.
307.8. Eren |   Link |  Bookmark |January 18, 2023 11:35:19 PM
Congrats Ravi sir! That's a very daring buy at 189 and 225. I do like this sector but missed the train. Hope to see it on the mainboard soon(given it's mcap) to get some hold :)