58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Drone Destination Limited IPO (Drone Destination IPO) Detail

Drone Destination IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Drone sector. Narnolia Financial Services is the merchant banker of Drone Destination IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 20th May 2023.

Drone Destination IPO open date is 7th July 2023 and close date is 13th July 2023. IPO Allotment Date is 19th July 2023 and Listing date is 21st July 2023.

IPO Category : SME
Exchange : NSE EMERGE
Issue Type : Book Building

Drone Destination IPO Date

Date of DRHP:
20th May 2023
IPO Allotment Date:
19th July 2023
IPO Open Date:
7th July 2023
Initiation of Refund:
20th July 2023
IPO Closing Date:
13th July 2023
IPO Listing Date:
21st July 2023

Drone Destination IPO Info, Size, Subscription

Drone Destination IPO size is Rs 44.20 Cr. crores with IPO price of Rs 65.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 44.20 Cr.

Issue Price:
₹ 65.00

Market Capitalisation :
₹ 157.95 Cr.

PE multiple :
64.35

Subscription :
191.65 times

Pre Issue Promoter Holding :
85.14 %

Post Issue Promoter Holding :
62.31%

Drone Destination IPO Information

Sub Sector : DGCA-authorized Remote Pilot Training Organisation
Drone Destination was originally incorporated as a private limited company under the Companies Act, 2013 in the name and style of “Drone Destination Private Limited”, on May 10, 2019. Subsequently, the company was converted into public limited company and the name of the Company was changed to “Drone Destination Limited” pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting held on April 29, 2023 and a fresh Certificate of Incorporation dated May 04, 2023 was issued by Registrar of Companies, Delhi. The Company is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India. After due completion of the course, the RPTO generates a Remote Pilot Certificate (RPC) from DGCA’s Digital Sky Platform for a particular Class &
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Object of Issue (Drone Destination IPO Objectives)

  • To meet the expenses for the purchase of new drones
  • To meet the expenses for the purchase of the vehicle
  • To meet the Capital Expenditure Requirement
  • To meet the Working Capital requirements
  • To meet the General Corporate Purposes
  • To meet out the Issue Expenses

Narnolia Financial Services Limited is the book-running lead manager of the Drone Destination IPO. Maashitla Securities Private Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for Drone Destination IPO.

Drone Destination IPO Market Maker

Nikunj Stock Brokers Limited

Drone Destination IPO Registrar (RTA)

Maashitla Securities Private Limited

Drone Destination IPO Lead Manager (BRLM)

Narnolia Financial Services Limited

Drone Destination IPO anchor investors are the below investors. The number of anchor investors in this IPO is 5.

Anchor Investors in Drone Destination IPO

No. of Anchor Investors: 5

Anchor Investor Name   No. of shares Allotted Offer Price (in Rs.) Amount Invested (in Rs.)
Rajasthan Global Securities 600,000.00 ₹65.00 ₹39,000,000.00
Nav Capital Vcc 500,000.00 ₹65.00 ₹32,500,000.00
Chhattisgarh Investments Limited 156,000.00 ₹65.00 ₹10,140,000.00
Neomile Growth Fund 156,000.00 ₹65.00 ₹10,140,000.00
Resonance Opportunities Fund 476,000.00 ₹65.00 ₹30,940,000.00

Drone Destination IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Drone Destination IPO?

Drone Destination IPO, based in New Delhi, operates in the   Drone sector with a focus on DGCA-authorized Remote Pilot Training Organisation. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Drone Destination IPO size is ₹ 44.20 Cr. Crores with fresh issue size of Rs 44.20 Cr. Crores and Offer for sale being Nil.

When is Drone Destination IPO allotment?

The IPO allotment date for Drone Destination IPO is expected to be 19th July 2023, after the finalization of basis of allotment. Investors can check Drone Destination IPO allotment status on the registrars website, Maashitla Securities Private Limited. Drone Destination IPO refund dates are 20th July 2023.

When is Drone Destination IPO listing date?

Drone Destination IPO is expected to be listed on 21st July 2023.

What is the price band for Drone Destination IPO?

The upper price band for the Drone Destination IPO is set at ₹ 65.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Drone Destination IPO Review?

For IPO analysis on Drone Destination IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Drone Destination IPO?

To apply for the Drone Destination IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 13th July 2023. After submission, funds are blocked until the basis of allotment of Drone Destination IPO is finalised.

Who is the merchant banker of Drone Destination IPO?

The merchant banker for Drone Destination IPO is Narnolia Financial Services Limited . Narnolia Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Drone Destination IPO RHP for further details.

Who is the Registrar of Drone Destination IPO?

The registrar for Drone Destination IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Drone Destination IPO through their official website or helpline.

What is the Drone Destination IPO subscription?

Drone Destination IPO was subscribed 191.65 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

  • IPO Size: ₹ 44.20 Cr. Avg IPO Size (Sector Based) : ₹ 33.97 Cr.
  • Sector: Drone SME IPO so far: 2
  • Merchant Banker: Narnolia Financial SME IPO by BRLM so far: 47
  • City: New Delhi SME IPO so far: 152
  • Revenue (annualised): ₹ 12.07 cr.
            PAT: (annualised): ₹ 2.44 cr.
  • PE Ratio: 64.35x Average Sector PE Ratio: 45.00x
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FAQs

Drone Destination IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Drone Destination Financial Review Page

Drone Destination IPO subscription was 191.65 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Drone Destination IPO listed at a listing price of 102.10 against the offer price of 65.00.

The current market price of Drone Destination is 119.30.

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