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Droneacharya Aerial Innovations IPO Details

IPO Open Dec 13, 2022
IPO Close Dec 15, 2022
IPO Price ₹54
Face Value ₹10
IPO Size ₹33.97 Cr
Listing At BSE SME
Lot Size 2000
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Droneacharya Aerial Innovations IPO Date & Price

The Droneacharya Aerial Innovations IPO opens on Dec 13, 2022 and closes on Dec 15, 2022.

Droneacharya Aerial Innovations IPO timetable / schedule is as below:
  • Bid/Offer Opens On: Dec 13, 2022
  • Bid/Offer Closes On: Dec 15, 2022
  • Finalization of Basis of Allotment: Dec 20, 2022
  • Initiation of refunds: Dec 21, 2022
  • Credit of Equity Shares: Dec 22, 2022
  • Listing Date: Dec 23, 2022

Droneacharya Aerial Innovations IPO price is set at ₹54 per equity share.

Droneacharya Aerial Innovations IPO will close for subscription at 5 PM on Dec 15, 2022. But most brokers stop accepting application between 1 PM to 3 PM.

The Droneacharya Aerial Innovations IPO starts on Dec 13, 2022. The issue ends on Dec 15, 2022.

Droneacharya Aerial Innovations IPO Issue Size and Subscription Status

The Droneacharya Aerial Innovations IPO size is 6290000 Equity Shares of ₹10 aggregating up to ₹33.97 Cr.

Droneacharya Aerial Innovations Limited is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for Droneacharya Aerial Innovations IPO shares through the banks (using ASBA) or through the broker (using UPI).

Droneacharya Aerial Innovations IPO Offer Size

Qualified Institutional Buyers (QIB)1,194,000 Shares
Non-Institutional Investors (NII)1,214,000 Shares
Retail Individual Investor (RII)2,092,000 Shares
Employee Reservations0 Shares
Other Reservations0 Shares
Total Issue Size4,500,000 Shares

Droneacharya Aerial Innovations IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)46.21 times times
Non-Institutional Investors (NII)287.80 times times
Retail Individual Investor (RII)330.82 times times
Employee Reservations times
Other Reservations times
Total Issue Size243.70 times times

Click here to check the Droneacharya Aerial Innovations IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in Droneacharya Aerial Innovations IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check Droneacharya Aerial Innovations IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

Droneacharya Aerial Innovations IPO Allotment and Listing

The Droneacharya Aerial Innovations IPO allot status will be available online on Dec 20, 2022. Check the Droneacharya Aerial Innovations IPO Allotment Status here.

Click here to check Droneacharya Aerial Innovations IPO Allotment Status.

Droneacharya Aerial Innovations IPO listing Date is Dec 23, 2022. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The Droneacharya Aerial Innovations IPO listing date and time is published by the exchange in a circular.

Click here to view the Droneacharya Aerial Innovations IPO Basis of Allotment.

It is hard to say at what price Droneacharya Aerial Innovations IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The Droneacharya Aerial Innovations IPO shares will list on Dec 23, 2022 at BSE SME.

Droneacharya Aerial Innovations IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about Droneacharya Aerial Innovations IPO which could help you with questions like Droneacharya Aerial Innovations IPO buy or not? You should also read Droneacharya Aerial Innovations IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

Droneacharya Aerial Innovations IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the Droneacharya Aerial Innovations IPO performance. The performance reports are available 1 day after listing.