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Droneacharya Aerial IPO is a book build issue of ₹33.97 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹33.97 crore.
Droneacharya Aerial IPO bidding started from Dec 13, 2022 and ended on Dec 15, 2022. The allotment for Droneacharya Aerial IPO was finalized on Dec 20, 2022. The shares got listed on BSE SME on Dec 23, 2022.
Droneacharya Aerial IPO price band is set at ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,04,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is R.K.Stock Holding Pvt.Ltd..
Refer to Droneacharya Aerial IPO RHP for detailed Information.
| IPO Date | December 13, 2022 to December 15, 2022 |
| Listing Date | December 23, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹52 to ₹54 per share |
| Issue Price Final | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 62,90,000 shares (aggregating up to ₹33.97 Cr) |
| Reserved for Market Maker | 3,16,000 shares R.K.Stock Holding Pvt.Ltd. (aggregating up to ₹1.71 Cr) |
| Net Offered to Public | 59,74,000 shares (aggregating up to ₹32.26 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,76,98,600 shares |
| Share Holding Post Issue | 2,39,88,600 shares |
Droneacharya Aerial Innovations IPO offers total 62,90,000 shares. Out of which 29,84,000 (47.44%) allocated to QIB, 11,94,000 (18.98%) allocated to QIB, 8,98,000 (14.28%) allocated to NII, 20,92,000 (33.26%) allocated to RII and 17,90,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,16,000 (5.02%) |
| QIB Shares Offered | 29,84,000 (47.44%) |
| − Anchor Investor Shares Offered | 17,90,000 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 11,94,000 (18.98%) |
| NII (HNI) Shares Offered | 8,98,000 (14.28%) |
| Retail Shares Offered | 20,92,000 (33.26%) |
| Total Shares Offered | 62,90,000 (100.00%) |
Droneacharya Aerial IPO raises ₹9.67 crore from anchor investors. Droneacharya Aerial IPO Anchor bid date is December 12, 2022. Droneacharya Aerial IPO Anchor Investors list
| Bid Date | December 12, 2022 |
| Shares Offered | 17,90,000 |
| Anchor Portion Size (In Cr.) | 9.67 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 19, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 20, 2023 |
Droneacharya Aerial IPO opens on December 13, 2022, and closes on December 15, 2022.
| IPO Open Date | Tue, Dec 13, 2022 |
| IPO Close Date | Thu, Dec 15, 2022 |
| Tentative Allotment | Tue, Dec 20, 2022 |
| Initiation of Refunds | Wed, Dec 21, 2022 |
| Credit of Shares to Demat | Thu, Dec 22, 2022 |
| Tentative Listing Date | Fri, Dec 23, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 15, 2022 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2.51 | 0 | -2.3 | 0.91 | 0.82 |
| 31-Mar-21 | 119.13 | 1 | -14.89 | 104.08 | 1.27 |
| 31-Mar-22 | 1546.52 | 358.74 | 40.65 | 1447.77 | 46.25 |
| 30-Jun-22 | 3402.62 | 308.96 | 72.06 | 3357.77 | 1.02 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Droneacharya Aerial IPO is ₹129.54 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 45 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1) Purchase of Drone and other accessories.
2) General Corporate Expenses.
[Dilip Davda] DAIL is in the sunrise industry and is poised for a bright future ahead. Though its current valuations discount all near-term positives, this being a pure long-term story, patient investors should grab this opportunity. Post-listing, it will catch up with the fancy as a first mover in this new segment having numerous opportunities for servicing and security. Read detail review...
| Listing Date | December 23, 2022 |
| BSE Script Code | 543713 |
| NSE Symbol | |
| ISIN | INE0MQD01015 |
| Final Issue Price | ₹54 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹102.00 |
| Low | ₹96.90 |
| High | ₹107.10 |
| Last Trade | ₹107.10 |
Droneacharya Aerial Innovations Ltd.
Cabin No. - 10, 5th Floor,
IndiQube Penta, New No. 51,
(Old No.14) Richmond Road, Bangalore – 560025
Bangalore Urban, Karnataka
Phone: +7758810315
Email: cs@droneacharya.com
Website: https://droneacharya.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Droneacharya Aerial IPO is a SME IPO of 62,90,000 equity shares of the face value of ₹10 aggregating up to ₹33.97 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on December 13, 2022, and closes on December 15, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Droneacharya Aerial IPO using UPI as a payment gateway. Zerodha customers can apply in Droneacharya Aerial IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Droneacharya Aerial IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Droneacharya Aerial IPO opens on December 13, 2022 and closes on December 15, 2022.
Droneacharya Aerial IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Droneacharya Aerial IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Droneacharya Aerial IPO will be done on Tuesday, December 20, 2022, and the allotted shares will be credited to your demat account by Thursday, December 22, 2022. Check the Droneacharya Aerial IPO allotment status.
The Droneacharya Aerial IPO listing date is on Friday, December 23, 2022.
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