Bookbuilding IPO | ₹34 Cr | Listed at BSE SME | Tue, Dec 13, 2022 - Thu, Dec 15, 2022
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,08,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Dec 13, 2022
IPO Close
Thu, Dec 15, 2022
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹129.54 Cr
| IPO Date | 13 to 15 Dec, 2022 |
| Listed on | Fri, Dec 23, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 62,90,000 shares (agg. up to ₹34 Cr) |
| Reserved for Market Maker | 3,16,000 shares R.K.Stock Holding Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 59,74,000 shares (agg. up to ₹32 Cr) |
| Net Offered to Public | 59,74,000 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 1,76,98,600 shares |
| Share Holding Post Issue | 2,39,88,600 shares |
| BSE Script Code | 543713 |
| ISIN | INE0MQD01015 |
Droneacharya Aerial IPO comprises a total issue size of 62,90,000 shares. The net offer to the public is 59,74,000 shares, after excluding 3,16,000 shares allotted on a firm basis. Of the Net offer 29,84,000 (49.95%) are allocated to QIB, 8,98,000 (15.03%) allocated to NII 20,92,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,84,000 | 49.95% | 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 | 15.03% | 14.28% |
| Retail Shares Offered | 20,92,000 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,16,000 | 5.02% | |
| Total Shares Offered | 62,90,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
Droneacharya Aerial IPO raises ₹9.67 crore from anchor investors. Droneacharya Aerial IPO Anchor bid date is December 12, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 12, 2022 |
| Shares Offered | 17,90,000 |
| Anchor Portion (₹ Cr.) | 9.67 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 19, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 20, 2023 |
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 | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 34.03 | 15.47 | 1.19 | 0.03 |
| Total Income | 3.09 | 3.59 | 0.01 | 0.00 |
| Profit After Tax | 0.72 | 0.41 | -0.15 | -0.02 |
| NET Worth | 33.58 | 14.48 | 1.04 | 0.01 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 0.01 | 0.46 | 0.01 | 0.01 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Drone and other accessories. | 27.99 |
| 2 | General Corporate Expenses. | 5.98 |
| KPI | |
|---|---|
| RoNW | 2.8 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.35 | |
| P/E (x) | 45 | |
| Promoter Holding | 38.23% | 28.21% |
| Market Cap | ₹129.54 Cr. |
The Droneacharya Aerial Innovations IPO is subscribed 243.7 times on December 15, 2022 6:59:00 PM (Day 3). The public issue subscribed 330.82 times in the retail category, 46.21 times in the QIB category, and 287.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 46.21 | 11,94,000 | 5,51,78,000 |
| NII* | 287.8 | 12,14,000 | 34,93,88,000 |
| Retail | 330.82 | 20,92,000 | 69,20,68,000 |
| Total | 243.7 | 45,00,000 | 1,09,66,34,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees, Advisors and commissions (including any underwriting commission, brokerage and selling commission) | 2.05 |
| 2 | Advertising and marketing expenses | 0.05 |
| 3 | Fees payable to Registrar to the Issue | 0.01 |
| 4 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 0.01 |
| 5 | Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.05 |
| 6 | Printing and distribution of issue stationery | 0.03 |
| 7 | Others | |
| 8 | Listing fees | 0.02 |
| 9 | BSE Processing | 0.01 |
| 10 | Book Building software fees | 0.04 |
| 11 | Other regulatory expenses | |
| 12 | Fees payable to legal counsel | 0.05 |
| 13 | Miscellaneous | 0.50 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹102.00 |
| Low | ₹96.90 |
| High | ₹107.10 |
| Last Trade | ₹107.10 |
Lead Manager Reports
Droneacharya Aerial IPO is a SME IPO of 62,90,000 equity shares of the face value of ₹10 aggregating up to ₹34 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Dec 13, 2022, and closes on Thu, Dec 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 Tue, Dec 13, 2022 and closes on Thu, Dec 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 Thu, Dec 22, 2022. Check the Droneacharya Aerial IPO allotment status.
The Droneacharya Aerial IPO listing date is on Fri, Dec 23, 2022.
