Droneacharya Aerial Innovations Limited IPO Detail
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.
Company Promoters
Mr. Prateek Srivastava and Mrs. Nikita Srivastava are the company Promoters.IPO Details
| IPO Opening Date | Dec 13, 2022 |
| IPO Closing Date | Dec 15, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 - 54 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹33.97 Cr |
| Fresh Issue | 6,290,000 shares of ₹10 (aggregating up to ₹33.97 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.41x | - | - | 17.01x | 37.31x | 15.83x |
| Day 2 | 1.03x | - | - | 75.37x | 146.47x | 63.14x |
| Day 3 | 46.21x | - | - | 287.80x | 330.82x | 243.70x |
IPO Tentative Timetable
The Droneacharya Aerial Innovations Limited IPO open date is Dec 13, 2022, and the close date is Dec 15, 2022. The issue may list on Dec 23, 2022.
| IPO Open Date | Dec 13, 2022 |
| IPO Close Date | Dec 15, 2022 |
| Basis of Allotment Date | Dec 20, 2022 |
| Initiation of Refunds | Dec 21, 2022 |
| Credit of Shares to Demat Account | Dec 22, 2022 |
| IPO Listing Date | Dec 23, 2022 |
IPO Lot Size
The Droneacharya Aerial Innovations Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹108000 |
| Maximum | 1 | 2000 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 38.23% |
| Post Issue Share Holding | 28.21% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 01-Jan-70 | 119.13 | 1 | -14.89 |
| 31-Mar-22 | 1546.52 | 358.74 | 40.65 |
| 30-Jun-22 | 3402.62 | 308.96 | 72.06 |
Objects of the Issue:
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1) Purchase of Drone and other accessories.
2) General Corporate Expenses.
Droneacharya Aerial Innovations Limited IPO Registrar:
Bigshare Services Pvt Ltd
Droneacharya Aerial Innovations Limited IPO Lead Manager(s):
Corporate CapitalVentures Pvt Ltd
Company Contact Information:
Droneacharya Aerial Innovations Limited
Cabin No. - 10, 5th Floor, IndiQube Penta, New No. 51, (Old No.14) Richmond Road
Bangalore
Bangalore
