Droneacharya Aerial Innovations Limited
BSE SME₹108,000 / 2000 Shares
Droneacharya Aerial Innovations Limited IPO Details
The Droneacharya Aerial Innovations Limited IPO price band is set between ₹52-54 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 13 Dec, 2022 and closes on 15 Dec, 2022. Investors can check the allotment status on 20 Dec, 2022, while the listing date is tentatively scheduled for 23 Dec, 2022.
The total issue size is 6,290,000 shares of ₹10, aggregating up to ₹33.97 Cr. Stay tuned for the latest Droneacharya Aerial Innovations Limited IPO review and GMP updates.
Droneacharya Aerial Innovations Limited IPO Review, Rating & Analysis
Droneacharya Aerial Innovations Limited IPO Review
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Droneacharya Aerial Innovations Limited IPO Highlights
IPO Date
Dec 13, 2022 - Dec 15, 2022
Listing Date
23 Dec, 2022
Face Value
₹10 Per Equity Share
Price Band
₹52-54 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Droneacharya Aerial Innovations Limited IPO Lot Size
The minimum market lot for Droneacharya Aerial Innovations Limited IPO is 2000 shares with an application amount of ₹1,08,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,08,000 |
| Retail (Max) | 1 | 2000 | ₹1,08,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,16,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,80,000 |
Droneacharya Aerial Innovations Limited IPO Timeline
Issue Price
₹52-54 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Corporate CapitalVentures Pvt LtdIssue Size
6,290,000 shares of ₹10(aggregating up to ₹33.97 Cr)Droneacharya Aerial Innovations Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jun 22 | 3402.62 | 308.96 | 72.06 | - | - | - |
| 31 Mar 22 | 1546.52 | 358.74 | 40.65 | - | - | - |
| 31 Mar 21 | 119.13 | N/A | -14.89 | - | - | - |
| 31 Mar 20 | 2.51 | N/A | -2.3 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Mr. Prateek Srivastava
- Mrs. Nikita Srivastava
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 38.23% | 28.21% |
About Company
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.
Droneacharya Aerial Innovations Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 11,94,000 / 1,214,000 | 20,92,000 | 4,500,000 |
Day 1 -13-12-22 06:00 PM | 1.03 / 17.25 x | 37.89 x | 22.94 x |
Day 2 -14-12-22 06:00 PM | 2.58 / 55.75 x | 146.47 x | 83.82 x |
Day 3 -15-12-22 06:00 PM | 46.21 / 287.80 x | 330.82 x | 243.70 x |
Frequently Asked Questions about Droneacharya Aerial Innovations Limited IPO
When will Droneacharya Aerial Innovations Limited IPO open for subscription?
The Droneacharya Aerial Innovations Limited IPO opens on 13 Dec, 2022 and closes on 15 Dec, 2022.
What is the investors portion for Droneacharya Aerial Innovations Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2092000.
How to apply for Droneacharya Aerial Innovations Limited IPO?
You can apply for Droneacharya Aerial Innovations Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Droneacharya Aerial Innovations Limited IPO?
The issue size of Droneacharya Aerial Innovations Limited IPO is approx ₹6,290,000 shares of ₹10(aggregating up to ₹33.97 Cr) crores.
What is the price band of Droneacharya Aerial Innovations Limited IPO?
The price band for Droneacharya Aerial Innovations Limited IPO is ₹52 to ₹54 per equity share.
What is the lot size of Droneacharya Aerial Innovations Limited IPO?
The minimum bid (lot size) for Droneacharya Aerial Innovations Limited IPO is N/A shares with an investment of approx ₹108,000 .
What is the allotment date of Droneacharya Aerial Innovations Limited IPO?
The allotment date for Droneacharya Aerial Innovations Limited IPO is 20 Dec, 2022.
What is the listing date of Droneacharya Aerial Innovations Limited IPO?
The listing date for Droneacharya Aerial Innovations Limited IPO is expected to be 23 Dec, 2022.
What is the GMP of Droneacharya Aerial Innovations Limited IPO?
The latest Grey Market Premium (GMP) for Droneacharya Aerial Innovations Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.