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

Dec 13, 2022 - Dec 15, 2022

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

Objects of the Issue

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 Details

IPO Date Dec 13, 2022 to Dec 15, 2022
Listing Date Friday, December 23, 2022
Face Value ₹10 per share
Price ₹52 to ₹54 per share
Lot Size 2000 Shares
Issue Size6,290,000 shares of ₹10
(aggregating up to ₹33.97 Cr)
Fresh Issue6,290,000 shares of ₹10
(aggregating up to ₹33.97 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
Market MakerR.K.STOCK HOLDING PVT.LTD.
Company Promoters

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

Droneacharya Aerial Innovations IPO Tentative Timetable

Droneacharya Aerial Innovations IPO opens on Dec 13, 2022, and closes on Dec 15, 2022. The Droneacharya Aerial Innovations IPO bid date is from Dec 13, 2022 10.00 A.M. to Dec 15, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 13, 2022
Closing Date Dec 15, 2022
Basis of Allotment Dec 20, 2022
Initiation of Refunds Dec 21, 2022
Credit of Shares to Demat Dec 22, 2022
Listing Date Dec 23, 2022

Droneacharya Aerial Innovations IPO Lot Size

The Droneacharya Aerial Innovations IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹108,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹108,000
Retail (Max) 1 2000 ₹108,000
HNI (Min) 2 4,000 ₹216,000

Droneacharya Aerial Innovations IPO Promoter Holding

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

Droneacharya Aerial Innovations IPO Review

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 Dec 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 Prospectus

Droneacharya Aerial Innovations IPO Rating

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

Listing Date Friday, December 23, 2022
BSE Script Code 543713
NSE Symbol
Listing In MT Group of Securities
ISIN INE0MQD01015
IPO Price ₹54 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹54.00
₹102.00
₹96.90
₹107.10
₹107.10

Company Contact Information

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: http://www.bigshareonline.com

Droneacharya Aerial Innovations IPO Review

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 Dec 13, 2022, and closes on Dec 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 Dec 13, 2022 and closes on Dec 15, 2022.

Droneacharya Aerial Innovations IPO lot size is 2000 Shares and the minimum order quantity is .

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 Dec 20, 2022, and the allotted shares will be credited to your demat account by Dec 22, 2022. Check the Droneacharya Aerial Innovations IPO allotment status.

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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819 Comments

326. Gem picker |   Link |Jan 27, 2023 3:03:43 PM
M Ravi sir

We are very lucky that we have one mentor like you in our wealth creation journey....
326.6. MRavichandran |   Link |Jan 28, 2023 2:43:56 PM
IPO Guru IPO Guru (1800+ Posts, 2300+ 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 |Jan 28, 2023 5:39:41 PM
Thanks for the providing clear view (As always).
325. ADITYA OLD |   Link |Jan 27, 2023 2:53:06 PM
New Member New Member
FAKE MRAVICHANDRAN SAID HE BUY 68000 SHARE TODAY
324. ADITYA OLD |   Link |Jan 27, 2023 2:50:45 PM
New Member New Member
AGAIN SAYING SELL YOUR SELL TARGET 54 RS N TWO MONTHS
323. ManishDwiv |   Link |Jan 27, 2023 9:53:17 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
one more LC today..looks like ipo price may come
323.1. Arca |   Link |Jan 27, 2023 10:45:46 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ 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 |Jan 25, 2023 10:13:15 AM
Only LC. Seems drone is returning back after flying
321. ajas |   Link |Jan 23, 2023 5:18:01 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 |Jan 22, 2023 6:14:51 PM
@MRavichandran, Any insights about Q2 & Q3 results sir?
320.1. MRavichandran |   Link |Jan 26, 2023 7:12:12 AM
IPO Guru IPO Guru (1800+ Posts, 2300+ 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 |Jan 26, 2023 12:52:55 PM
Got it, thanks sir.
319. Gem picker |   Link |Jan 20, 2023 5:13:42 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 |Jan 20, 2023 9:52:19 PM
IPO Guru IPO Guru (1800+ Posts, 2300+ 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 |Jan 20, 2023 11:02:09 PM
Dear M Ravi sir,

Thank you sir, will try to avoid this kind of people.
318. Denim |   Link |Jan 20, 2023 12:17:27 PM
Finally at UC after long time.
317. Gem picker |   Link |Jan 20, 2023 10:45:23 AM
Dear Admin

Thanks again for blocking spammers
316. SHAH ADITYA NEW |   Link |Jan 20, 2023 10:01:40 AM
New Member New Member
WHY YOU ALL HATE ME I DO NOT KNOW YOU JUSTNOT ACCEPT REALITY
315. SHAH ADITYA NEW |   Link |Jan 20, 2023 9:58:14 AM
New Member New Member
AGAIN SAYING MARKET GIVE OPPORTUNITY IN EXIT SELL YOUR HLDING TARGET BELOW 54 IN SIX MONTHS
314. Gem picker |   Link |Jan 19, 2023 9:32:03 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 |Jan 19, 2023 9:47:19 PM
New Member New Member
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 |Jan 27, 2023 11:28:57 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 |Jan 27, 2023 11:49:32 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ 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 |Jan 18, 2023 1:04:58 PM
Dusro ka nuksaan karwake apna fayda sochnewale jindagi me kabhi upar nai aate...........
312.1. selohic |   Link |Jan 18, 2023 2:20:02 PM
New Member New Member
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 |Jan 18, 2023 2:28:49 PM
It is 25% but number wise it is 5.5 lakh shares which is huge number.
311. shah aditya |   Link |Jan 18, 2023 11:09:47 AM
New Member New Member
again saying exit target below 54 in three month this ipo mentor is just scammer
311.2. Gem picker |   Link |Jan 18, 2023 12:41:27 PM
Dear Admin,

Shah aditya is suspicious person as he is posting stupid messages in the forum, please take action........
311.3. courser |   Link |Jan 18, 2023 2:05:59 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 |Jan 18, 2023 9:51:21 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 |Jan 18, 2023 11:30:43 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ 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 |Jan 18, 2023 11:50:55 AM
Okay, not real time they are updating it at nearly half an hour time.
309. shah aditya |   Link |Jan 18, 2023 11:12:12 AM
New Member New Member
why my post erase ??
308. shah aditya |   Link |Jan 18, 2023 10:28:06 AM
New Member New Member
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 |Jan 17, 2023 10:29:55 AM
New Member New Member
company trade below its ipo price 54 rs in three months
307.7. courser |   Link |Jan 18, 2023 8:45:56 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 |Jan 19, 2023 12:35:19 AM
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 :)