AccelerateBS IPO vs Drone Destination IPO

Comparison between AccelerateBS IPO and Drone Destination IPO.

IPO Details

AccelerateBS IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Drone Destination IPO is a SME Bookbuilding proposed to list at NSE SME.

	AccelerateBS IPO	Drone Destination IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Ltd.	Narnolia Financial Services Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Shreni Shares Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AccelerateBS IPO is up to ₹5.39 Cr whereas the issue size of the Drone Destination IPO is up to ₹40.95 Cr. The final issue price of AccelerateBS IPO is ₹90.00 per share and of Drone Destination IPO is ₹65.00 per share.

	AccelerateBS IPO	Drone Destination IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹62.00 per share
Issue Price (Upper)		₹65.00 per share
Issue Price (Final)	₹90.00 per share	₹65.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	1,55,200 shares	63,00,000 shares
Fresh Issue Size (Amount)	up to ₹1.40 Cr	up to ₹40.95 Cr
OFS Issue Size	4,43,200 shares	0 shares
OFS Issue Size (Amount)	up to ₹3.99 Cr	up to ₹0.00 Cr
Issue Size Total	5,98,400 shares	63,00,000 shares
Issue Size Total (Amount)	up to ₹5.39 Cr	up to ₹40.95 Cr

IPO Timetable

AccelerateBS IPO opens on Jul 06, 2023, while Drone Destination IPO opens on Jul 07, 2023. The closing date of AccelerateBS IPO and Drone Destination IPO is Jul 11, 2023, and Jul 13, 2023, respectively.

	AccelerateBS IPO	Drone Destination IPO
Anchor Bid Date		Jul 06, 2023
Issue Open	Jul 06, 2023	Jul 07, 2023
Issue Close	Jul 11, 2023	Jul 13, 2023
Basis Of Allotment (Tentative)	Jul 14, 2023	Jul 18, 2023
Initiation of Refunds (Tentative)	Jul 17, 2023	Jul 19, 2023
Credit of Share (Tentative)	Jul 18, 2023	Jul 20, 2023
Listing date (Tentative)	Jul 19, 2023	Jul 21, 2023
Anchor Lockin End date 1		Aug 17, 2023
Anchor Lockin End date 2		Oct 16, 2023

Financials & KPIs

AccelerateBS IPO P/E ratio is 27.27, as compared to Drone Destination IPO P/E ratio of 64.35.

AccelerateBS IPO

Drone Destination IPO

Financials

AccelerateBS India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	125.10	493.35	68.35	53.05
31-Mar-21	180.95	451.92	42.53	102.46	24.00
31-Mar-22	200.65	355.69	25.91	111.03	45.34
31-Jan-23	283.25	164.92	26.22	205.42	33.82
Amount in ₹ Lakhs

Drone Destination Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	96.34	39.33	-4.56	2.42	-8.58	9,794.46
31-Mar-22	278.30	257.16	20.73	23.15	12.15	151.09
31-Mar-23	2,359.33	1,207.73	244.19	1,757.34	1,257.34	159.17
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

85.14

Promoter Shareholding (Post-Issue)

70.59

62.31

P/E Ratio

27.27

64.35

Market Cap

₹19.34 Cr.

₹157.95 Cr.

ROE

15.80%

13.90%

ROCE

19.44%

18.65%

Debt/Equity

0.16

0.06

EPS

₹1.38

₹25.80

RoNW

12.77%

13.90%

Shares Offered

In the AccelerateBS IPO Retail Individual Investors (RII) are offered 2,99,200 shares while in Drone Destination IPO retail investors are offered 2,99,200 shares. Qualified Institutional Buyers (QIB) are offered in AccelerateBS IPO and 12,60,000 shares in Drone Destination IPO.

	AccelerateBS IPO	Drone Destination IPO
Anchor Investor Reserveration		18,88,000 shares
Market Maker Reserveration	33,600 shares	5,00,000 shares
QIB		12,60,000 shares
NII	2,99,200 shares	9,46,000 shares
RII	2,99,200 shares	22,06,000 shares
Employee
Others
Total	5,98,400 shares	63,00,000 shares

Bids Received (Subscription)

AccelerateBS IPO subscribed 49.19x in total, whereas Drone Destination IPO subscribed 191.65x.

	AccelerateBS IPO	Drone Destination IPO
QIB (times)		50.46x
NII (times)	39.25x	243.85x
Big NII (times)
Small NII (times)
RII (times)	59.11x	250.09x
Employee (times)
Other (times)
Total (times)	49.19x	191.65x

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AccelerateBS IPO	Drone Destination IPO
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