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Drone Destination IPO vs Global Pet Industries IPO

Comparison between Drone Destination IPO and Global Pet Industries IPO.

IPO Details

Drone Destination IPO is a SME Fixed Price IPO proposed to list at NSE SME while Global Pet Industries IPO is a SME Fixed Price proposed to list at NSE SME.

 Drone Destination IPOGlobal Pet Industries IPO
LogoDrone Destination IPO LogoGlobal Pet Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersNarnolia Financial Services Ltd.Shreni Shares Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Drone Destination IPO is up to ₹40.95 Cr whereas the issue size of the Global Pet Industries IPO is up to ₹12.55 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Global Pet Industries IPO is ₹49.00 per share.

 Drone Destination IPOGlobal Pet Industries 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)₹65.00 per share₹49.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size63,00,000 shares25,62,000 shares
Fresh Issue Size (Amount)up to ₹40.95 Crup to ₹12.55 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total63,00,000 shares25,62,000 shares
Issue Size Total (Amount)up to ₹40.95 Crup to ₹12.55 Cr

IPO Timetable

Drone Destination IPO opens on Jul 07, 2023, while Global Pet Industries IPO opens on Jun 28, 2023. The closing date of Drone Destination IPO and Global Pet Industries IPO is Jul 13, 2023, and Jul 03, 2023, respectively.

 Drone Destination IPOGlobal Pet Industries IPO
Anchor Bid DateJul 06, 2023
Issue OpenJul 07, 2023Jun 28, 2023
Issue CloseJul 13, 2023Jul 03, 2023
Basis Of Allotment (Tentative)Jul 18, 2023Jul 06, 2023
Initiation of Refunds (Tentative)Jul 19, 2023Jul 07, 2023
Credit of Share (Tentative)Jul 20, 2023Jul 10, 2023
Listing date (Tentative)Jul 21, 2023Jul 10, 2023
Anchor Lockin End date 1Aug 17, 2023
Anchor Lockin End date 2Oct 16, 2023

Financials & KPIs

Drone Destination IPO P/E ratio is 64.35, as compared to Global Pet Industries IPO P/E ratio of 23.

 Drone Destination IPOGlobal Pet Industries IPO
Financials
Drone Destination Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2196.3439.33-4.562.42-8.589,794.46
31-Mar-22278.30257.1620.7323.1512.15151.09
31-Mar-232,359.331,207.73244.191,757.341,257.34159.17
Amount in ₹ Lakhs
Global Pet Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,063.022,001.9294.63446.00401.7124.26
31-Mar-211,592.782,285.83142.49588.50544.20
31-Mar-221,679.122,800.45115.96704.45660.16
31-Dec-222,240.272,305.71156.16860.61816.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)85.14100.00
Promoter Shareholding (Post-Issue)62.3172.41
P/E Ratio64.3523
Market Cap₹157.95 Cr.₹47.96 Cr.
ROE13.90%19.96%
ROCE18.65%14.43%
Debt/Equity0.06
EPS₹25.80₹1.71
RoNW13.90%19.84%

Shares Offered

In the Drone Destination IPO Retail Individual Investors (RII) are offered 22,06,000 shares while in Global Pet Industries IPO retail investors are offered 22,06,000 shares. Qualified Institutional Buyers (QIB) are offered 12,60,000 shares in Drone Destination IPO and in Global Pet Industries IPO.

 Drone Destination IPOGlobal Pet Industries IPO
Anchor Investor Reserveration18,88,000 shares
Market Maker Reserveration5,00,000 shares1,38,000 shares
QIB12,60,000 shares
NII9,46,000 shares12,81,000 shares
RII22,06,000 shares12,81,000 shares
Employee
Others
Total63,00,000 shares25,62,000 shares

Bids Received (Subscription)

Drone Destination IPO subscribed 191.65x in total, whereas Global Pet Industries IPO subscribed 4.30x.

 Drone Destination IPOGlobal Pet Industries IPO
QIB (times)50.46x
NII (times)243.85x4.44x
Big NII (times)
Small NII (times)
RII (times)250.09x4.14x
Employee (times)
Other (times)
Total (times)191.65x4.30x