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Droneacharya Aerial Innovations IPO GMP, Price, Dates & Allotment Details 2022

Droneacharya Aerial Innovations IPO GMP, Price, Dates & Allotment Details 2022

Droneacharya Aerial Innovations IPO opens on December 13 and closes on December 15, 2022, According to the DRHP filed in SEBI, company are planning to issue 62,90,000 shares of ₹ 10 each, aggregate up to ₹ 33.97 crore through this public issue.

Droneacharya Aerial Innovations Limited (Drone), which was founded in 2017, is a complete creative solution. The company offers a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing using reliable workstations with high configurations, drone pilot training, and specialised GIS training. The most recent pre-seed fundraising round for a drone firm in the country, Droneacharya’s closed at a staggering USD 4.6 million.

Four major categories can be used to group a company’s offerings:

  • Training: DGCA Certified Drone Pilot, Drone Building, Aerial Cinematography and Aerial Making, and Drone Data Processing
  • Services: Consultancy services to government and private organizations; reality capture data processing software; an anti-drone solution for rogue UAVs; and an UTM air traffic management solution.
  • Surveillance: land surveying and underwater services
  • Others: Droneacharya, in collaboration with SPH Engineering of Latvia, can also provide integrated drone solutions for bathymetry, drone hows, hydrography, industrial and archaeological surveys, and environmental monitoring.

The Directorate General of Civil Aviation (DGCA) has authorised the company to conduct drone training in accordance with DGCA guidelines as a Remote Pilot Training Organization (RPTO). The DGCA also granted the company the Certificate of Authorization for the RPTO to operate the RPTO at Rashtriya Raksha University, Lavad, Dahegam, Gandhinagar, Gujarat. 

Objects of the Issue

The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:

  • Purchase of Drone and other accessories.
  • General Corporate Expenses.

Financial Highlights (Restated)

ParticularsPeriod ended on 30th June 2022FY 2021-22FY 2020-21FY 2019-20
Total Assets3402.621546.52119.132.51
Net Worth3357.771447.77104.080.91
Total Revenue308.96358.7410
Profit After Tax72.0640.65(14.89)(2.3)
Total Borrowing1.0246.251.270.82
(Amount in ₹ Lakhs)

Droneacharya Aerial Innovations IPO – Details

According to the DRHP filed in SEBI, company are planning to issue ,90,000 shares of ₹ 10 each, aggregate up to ₹ 33.97 crore through this public issue.

Issue TypeBook Built Issue IPO
IPO Price₹ 52 to ₹ 54 per share
Face Value₹ 10 per share
Market Lot2000 shares
Issue Size62,90,000 shares of ₹ 10 (Aggregating up to ₹ 33.97 Crore)
Fresh Issue62,90,000 shares of ₹ 10 (Aggregating up to ₹ 33.97 Crore)
QIB Shares OfferedNot more than 50% of the Net offer
NII (HNI) Shares OfferedNot less than 15% of the Offer
Retail Shares OfferedNot less than 35% of the Offer
Listing AtBSE SME
PromotersMr. Prateek Srivastava
Mrs. Nikita Srivastava

GMP Live – Droneacharya Aerial Innovations IPO

Droneacharya Aerial Innovations IPO GMP or Grey Market Premium are available here. The SME IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuated and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for live GMP.

Important Date – Droneacharya Aerial Innovations IPO

IPO Opening onDec 13, 2022
IPO Closing onDec 15, 2022
Basis of Allotment Publication DateDec 20, 2022
Initiation of RefundDec 21, 2022
Credit of the Shares to Demat AccountDec 22, 2022
IPO listingDec 23, 2022

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Lot Size – Droneacharya Aerial Innovations IPO

The Droneacharya Aerial Innovations IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots i.e 2000 shares of ₹ 1,08,000.

ApplicationsLotsSharesAmount
Retail (Min)12,000₹ 1,08,000
Retail (Max)12,000₹ 1,08,000
S-HNI (Min)24,000₹ 2,16,000

Promoter Holding – Droneacharya Aerial Innovations IPO

Pre issue shareholding38.23%
Post issue shareholding28.21%

SWOT Analysis – Droneacharya Aerial Innovations IPO

STRENGTH

  1. Availability of latest available technology and equipments.
  2. Highly trained professionals
  3. Industry specific designed training courses
  4. Reputed clients with repeated projects
  5. Strict quality control in process
  6. Ensure privacy of the data and information collected
  7. in the execution of the projects

WEAKNESS

  1. High working basic inputs and manpower cost.
  2. Upgradation of knowledge of our project execution teams.

OPPORTUNITY

  1. Drone corridors to be developed for cargo deliveries.
  2. Setting up a drone promotion council for exchange of healthy business communication.
  3. Increased opportunity for UAV in agriculture, mining, cargo handling and defence.

THREAT

  1. Availability of quality talent
  2. Rapidly changing technology making earlier one obsolete very fast.
  3. Lockdown and suspension of commercial activities.
  4. High level competition.

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Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationDroneacharya Aerial Innovations Limited
Cabin No. – 10, 5th Floor, IndiQube Penta,
New No. 51, (Old No.14) Richmond Road, Bangalore – 560025
Phone: +7758810315
Email: [email protected]
Website: https://droneacharya.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com/
IPO Lead Manager(s)Corporate Capital Ventures Pvt Ltd

FAQ’s

One lot of Droneacharya Aerial Innovations IPO contains 2000 shares.

The minimum investment size is one lot for retail investors.

The finalization of Basis of Allotment for Droneacharya Aerial Innovations IPO will be done on December 20, 2022, and the allotted shares will be credited to your demat account by December 22, 2022. Check the Droneacharya Aerial Innovations IPO allotment status.

The Droneacharya Aerial Innovations IPO shares listing date is December 23, 2022.

The investors’ portion for QIB – 50%, NII (HNI) – 15%, and Retail – 35%.

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