Drone Destination Limited is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering certified training programs. After due completion of the course, the RPTO generates a Remote Pilot Certificate (RPC) from DGCA’s Digital Sky Platform.
The company currently has three training bases of its own at Gurugram, Chandigarh and Phulpur. Drone Destination has also entered into an agreement with Indira Gandhi Rashtriya Uran Akademi (“IGRUA”) for providing DGCAcertified Drone Training and are currently present in Gurugram, Bangalore, Gwalior, Kangra, Coimbatore, Madurai and Bhopal.
The company has become the first Drone Training Partner of National Skill Development Corporation (“NSDC”) and shall offer joint certification on various drone-related application courses through NSDC’s Skill India Portal.
Recently, Drone Destination has started their drone services for “Prime Minister Svamitva Yojna” in a MOU-led understanding with GIS companies viz. MatrixGeo, NeoGeo and GeoKno.
Drone Destination IPO – Details
| IPO Opening Date | 07 July 2023 |
| IPO Closing Date | 13 July 2023 |
| Issue Type | Book Building Issue IPO |
| Issue Size | 68,00,000 Shares Worth ₹44.20 Crore Fresh Issue: 68,00,000 Shares Worth ₹44.20 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹62 to ₹65 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Maashitla Securities Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Drone Destination IPO – Date Schedule
| IPO Open Date | 07 July 2023 |
| IPO Close Date | 13 July 2023 |
| Basis of Allotment | 18 July 2023 |
| Initiation of Refund | 19 July 2023 |
| Credit of Shares to Demat Account | 20 July 2023 |
| IPO Listing Date | 21 July 2023 |
Drone Destination IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,30,000 |
| Retail (Maximum) | 1 | 2000 | 1,30,000 |
| HNI (Minimum) | 2 | 4000 | 2,60,000 |
Competitive Strengths
- Integrated Business Model.
- Cordial relations with its customers.
- Quality Deliverables.
- Favourable Government policies.
- B2G Business Relations.
Company Promoters
- Mr. Chirag Sharma
- Ms. Shashi Bala
Object Of The Issue
- To meet out the expenses for purchase of new drones.
- To meet out the expenses for purchase of vehicle.
- To meet out the Capital Expenditure Requirement.
- To meet out the Working Capital requirements.
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2021 | 0.39 | 0.45 | -0.04 |
| 31 March 2022 | 2.57 | 2.29 | 0.20 |
| 31 March 2023 | 12.07 | 8.77 | 2.44 |
Drone Destination IPO Promoter Holding
| Pre Issue Share Holding | 85.14% |
| Post Issue Share Holding | 62.31% |
Drone Destination IPO Prospectus
Company Contact Information
| Drone Destination Limited C-13, Ground Floor, Panchsheel Enclave, Delhi110017, India Phone: 011-41050607 Email: cosec@thedronedestination.com Website: www.thedronedestination.com |
Drone Destination IPO Registrar
| Maashitla Securities Private Limited Phone: 011-45121795 Email: ipo@maashitla.com Website: www.maashitla.com |
Drone Destination IPO Lead Manager(s)
| 1. Narnolia Financial Services Limited |
Drone Destination IPO FAQs
| What is Drone Destination IPO? Drone Destination IPO is a SME IPO. The issue is priced at ₹62 to ₹65 per equity share. The IPO is to be listed on NSE SME. |
| When Drone Destination IPO will open? The IPO is to open on 07 July 2023 for QIB, NII and Retail Investors. |
| How to Drone Destination IPO? You can apply Drone Destination IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Drone Destination IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Drone Destination”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Drone Destination IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Drone Destination”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Drone Destination IPO Size? Drone Destination IPO size is ₹44.20 crores. |
| What is Drone Destination IPO Price Band? Drone Destination IPO Price Band is ₹62 to ₹65. |
| What is Drone Destination IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,30,000 amount while the maximum bid is 2000 shares with ₹1,30,000. |
| What is the Drone Destination IPO Allotment Date? Drone Destination IPO allotment date is 18 July 2023. |
| What is the Drone Destination IPO Listing Date? Drone Destination IPO listing date is 21 July 2023. The IPO is to list on NSE SME. |
