Drone Destination IPO Date, Review, Price, Allotment Details

Vijay Prajapati
July 21, 2023

Vijay Prajapati

Drone Destination IPO Details: Drone Destination IPO date is fixed, The IPO will open on July 7 and will close on July 13. Drone Destination is an NSE SME IPO to raise ₹44.20 crores via IPO. The Drone Destination IPO price band is fixed at ₹62 to ₹65 with a market lot of 2000 shares.

Drone Destination Limited is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India. The company has headquarters in New Delhi and comprises a well-experienced team of Aviation and Drone Experts. The company is also offering many services such as Drone-As-A-Service (DAAS) Training, Education & Recreation Rent a Drone Agriculture Services Drone Destination has key partnerships with IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo.

Drone Destination currently has three training bases of our own at Gurugram, Chandigarh, and Phulpur. They have also entered into an agreement with Indira Gandhi Rashtriya Uran Akademi (IGRUA) for providing DGCA-certified Drone Training and are currently present in Gurugram, Bangalore, Gwalior, Kangra, Coimbatore, Madurai, and Bhopal. The company become the first Drone Training Partner of the National Skill Development Corporation (NSDC) and shall offer joint certification on various drone-related application courses through NSDC’s Skill India Portal. Through the association, They are also offering skill loans with the assistance of banking partners to make training affordable and easily accessible for aspiring drone pilots.

Recently, the company has started our drone services for “Prime Minister Svamitva Yojna” in an MOU-led understanding with GIS companies viz. MatrixGeo, NeoGeo, and GeoKno. This program is the Government of India’s initiative towards establishment of clear ownership of property in rural inhabited (Abadi) areas, by mapping land parcels using drone technology and providing a ‘Record of Rights’ to village household owners with the issuance of legal ownership cards (Digital Property cards/Title deeds) to the property owners.

Objects of the 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 IPO Review

May Apply

Drone Destination IPO Date & Price Band Details

IPO Open:	July 7, 2023
IPO Close:	July 13, 2023
IPO Size:	Approx ₹44.20 Crores, 6,800,000 Equity Shares
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹62 to ₹65 Per Equity Share
IPO Listing on:	NSE SME
Retail Quota:	35% of the net offer
QIB Quota:	50% of the net offer
NII Quota:	15% of the net offer
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here
Anchor Investors in IPO:	Click Here

Drone Destination IPO Market Lot

The Drone Destination IPO minimum market lot is 2000 shares with a ₹130,000 application amount.

Application	Lot Size	Shares	Amount
Retail Minimum	1	2000	₹130,000
Retail Maximum	1	2000	₹130,000
S-HNI Minimum	2	4000	₹260,000

Drone Destination IPO Dates

The Drone Destination IPO date is July 7 and the IPO close date is July 13. The IPO allotment date is July 18 and the IPO might list on July 21.

IPO Open Date:	July 7, 2023
IPO Close Date:	July 13, 2023
Basis of Allotment:	July 18, 2023
Refunds:	July 19, 2023
Credit to Demat Account:	July 20, 2023
IPO Listing Date:	July 21, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Drone Destination IPO Form

How to apply Drone Destination IPO? You can apply Drone Destination IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Drone Destination IPO in the Invest section. The other option you can apply Drone Destination IPO via IPO forms download via the NSE website. Check out the Drone Destination forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

Drone Destination Company Financial Report

₹ in Crores
Year	Revenue	Expense	PAT
2020	₹-	₹-	₹-
2021	₹39.35	₹45.49	(₹4.55)
2022	₹257.16	₹229.40	₹20.73
2023 6M	₹1207.73	₹877.90	₹244.19

Drone Destination IPO Valuation – FY2022

Check Drone Destination IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹25.80 per Equity Share
Price/Earning P/E Ratio:	69.27
Return on Net Worth (RoNW):	13.90%
Net Asset Value (NAV):	₹35.15 per Equity Share

Peer Group

Droneacharya Aerial Innovations Limited

Company Promoters

Mr. Chirag Sharma
Ms. Shashi Bala

Drone Destination IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96
Email: [email protected]
Website: https://www.maashitla.com/

Drone Destination IPO Allotment Status

Check Drone Destination IPO allotment status on Maashitla Securities website URL. Click Here

Drone Destination IPO Lead Managers aka Merchant Bankers

Narnolia Financial Services Ltd

Company Address

Drone Destination Limited
C-13, Ground Floor,
Panchsheel Enclave,
Delhi – 110017
Phone: 011-41050607
Email: [email protected]
Website: http://www.thedronedestination.com/

Drone Destination IPO FAQs

What is Drone Destination IPO?

Drone Destination IPO is an NSE SME IPO. They are going to raise ₹44.20 Crores via IPO. The issue is priced at ₹62 to ₹65 per equity share. The IPO is to be listed on NSE.

When Drone Destination IPO will open?

The IPO is to open on July 7, 2023 for QIB, NII, and Retail Investors.

What is Drone Destination IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Drone Destination IPO?

You can apply Drone Destination IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Drone Destination IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Drone Destination”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Drone Destination IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Drone Destination”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Drone Destination IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Drone Destination”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Drone Destination IPO Size?

Drone Destination IPO size is ₹44.20 crores.

What is Drone Destination IPO Price Band?

Drone Destination IPO Price Band is ₹62 to ₹65 per equity share.

What is Drone Destination IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹130,000.

What is Drone Destination IPO Allotment Date?

Drone Destination IPO allotment date is July 18, 2023.

What is Drone Destination IPO Listing Date?

Drone Destination IPO listing date is July 21, 2023. The IPO to list on NSE SME.

Note: The Drone Destination IPO details are announced officially. The IPO grey market premium (Drone Destination IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.