Drone Destination IPO subscription is to open on Jul 07, 2023 and will close on Jul 13, 2023, the price band of the Drone Destination IPO is fixed at ₹ 62 – ₹ 65. The company is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India
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About Drone Destination
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 & Category of Drone. The RPC is valid for a maximum period of 10 years under the Drone Rules, 2021. As on May 03, 2023, the company has trained 362 drone pilots in India
Objects of the Issue
- To meet out the expenses for purchase of new drones.
- To meet out the expenses for purchase of vehicle.
- To meet out the Capital Expenditure Requirement.
- To meet out the Working Capital requirements.
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Drone Destination Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 2,359.00 | 278.30 | 96.34 |
| Total income | 1,207.73 | 257.16 | 39.33 |
| Total Expenses | 877.60 | 229.40 | 45.48 |
| Profit After Tax | 244.19 | 20.73 | -4.56 |
Drone Destination IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 68,00,000 Equity Shares of ₹10 (aggregating up to ₹ [.] lakh) |
| Issue Open Date | 07-Jul-23 |
| Issue Close Date | 13-Jul-23 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 62 – ₹ 65 |
| Face Value | ₹ 10 |
| Market Lot | 2000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 2000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | DRONE |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Drone Destination IPO DRHP & RHP
Drone Destination IPO DRHP
Drone Destination IPO RHP
Drone Destination IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 2000 | 130,000 |
| Maximum | 1 | 2000 | 130,000 |
Drone Destination IPO Lead Managers
- Narnolia Financial Services Limited
Drone Destination IPO Registrar
- Maashitla Securities Private Limited
Drone Destination IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 07-Jul-23 |
| Bid / Offer Closes on | 13-Jul-23 |
| Finalisation of Basis of Allotment | 14-Jul-23 |
| Initiation of refunds | 17-Jul-23 |
| Credit of the Equity Shares | 18-Jul-23 |
| Listing Date | 19-Jul-23 |
Company Registered Office
C-13, Ground Floor,
Panchsheel Enclave,
Delhi-110017, India
Website: www.thedronedestination.com
Company Promoters
- Mr. Chirag Sharma
- Ms. Shashi Bala
Drone Destination IPO – FAQS
When Drone Destination IPO will open?
The Drone Destination IPO opens on Jul 07, 2023 and closes on Jul 13, 2023
What is the lot size of Drone Destination IPO?
The Drone Destination IPO lot size is 2000 Equity Shares and the minimum order quantity is 2000 Equity Shares
Who is the Registrar for Drone Destination IPO?
The Registrar for Drone Destination IPO is Maashitla Securities Private Limited
How to apply in Drone Destination IPO through UPI?
Check the step by step process here – Click here
How to apply in Drone Destination IPO through Zerodha?
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