Drone Destination Limited IPO (Drone Destination IPO)

Drone Destination Limited IPO
Upcoming Drone Destination IPO | New Drone Destination IPO

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

Drone Destination IPO – Details

IPO Opening Date07 July 2023
IPO Closing Date13 July 2023
Issue TypeBook Building Issue IPO
Issue Size68,00,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterMaashitla Securities Private Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Drone Destination IPO – Date Schedule

IPO Open Date07 July 2023
IPO Close Date13 July 2023
Basis of Allotment18 July 2023
Initiation of Refund19 July 2023
Credit of Shares to Demat Account20 July 2023
IPO Listing Date21 July 2023

Drone Destination IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,30,000
Retail (Maximum)120001,30,000
HNI (Minimum)240002,60,000

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
Drone Destination IPO
Object of the Issues

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

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 20210.390.45-0.04
31 March 20222.572.290.20
31 March 202312.078.772.44
Amount in ₹ Crore

Drone Destination IPO Promoter Holding

Pre Issue Share Holding85.14%
Post Issue Share Holding62.31%

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

Drone Destination IPO Registrar

Maashitla Securities Private Limited

Phone: 011-45121795
Email: ipo@maashitla.com

Drone Destination IPO Lead Manager(s)

1. Narnolia Financial Services Limited

Drone Destination IPO FAQs

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.
Share Market IPO App
Previous articleTata Technologies Limited IPO (Tata Technologies IPO)
Next articleAccelerateBS India Limited IPO (AccelerateBS India IPO)