49  Total SME IPOs listed in 2025

2,236.81 Crs.  Total funds raised in 2025

33  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

49  Total SME IPOs listed in 2025

2236.81 Crs.  Total funds raised in 2025

33  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

49  Total SME IPOs listed in 2025

2236.81 Crs.  Total funds raised in 2025

33  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

49  Total SME IPOs listed in 2025

2236.81 Crs.  Total funds raised in 2025

33  SME IPOs listed with Gain in 2025

16  SME IPOs listed with loss in 2025

Drone Destination Limited IPO (Drone Destination IPO) Details

Drone Destination Limited is an Drone based company, located in New Delhi, Drone Destination Limited IPO size was 44.20 Cr. and was issued at 65.00 per share. The share of Drone Destination Limited were listed at 102.10 per share and are currently trading at 111.25 per share.

Type :
Sub Sector : DGCA-authorized Remote Pilot Training Organisation
SME IPO
NSE EMERGE

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
12.08 Cr.

PAT :
2.44 Cr.

Pricing Report

Issue Price :
65.00

Listing Price :
102.10

Current Market Price :
111.25

Issue Price vs CMP :
46.25 (71.15%)

listing Price vs CMP :
9.15 (8.96%)

Performance Report (CAGR* wise)

CAGR : 37.42
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Drone Destination

Company Information
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
  • 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

Drone Destination SME IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Jul, 2023
IPO Size :
44.20 Cr.
Market Cap :
157.95 Cr.   
IPO Subscription :
191.65 X     
PE Multiple :
64.35
IPO Registrar:
Maashitla Securities Private Limited
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FAQs

Drone Destination operates in Drone and DGCA-authorized Remote Pilot Training Organisation. The Issue is listed on NSE EMERGE in Jul, 2023. Drone Destination IPO size was 44.20 Cr. with Issue price of 65.00 .

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 111.25.

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