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DRONESME / NSEListed
Drone Destination

Incorporated in 2019, Drone Destination Limited is one of India’s leading Drone-as-a-Service and drone training companies. It is a DGCA-authorized Remote Pilot Training Organisation (RPTO) and was the first drone training partner of NSDC in October 2022. The company operates the largest training network in India in its segment and offers services like Drone-as-a-Service (DAAS), certified training, agriculture services, education, recreation, and rent-a-drone solutions. Drone Destination has over 80 clients across government and private sectors and has key partnerships with IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo. It is also among the leading players in the SVAMITVA mapping program, especially in Karnataka and Gujarat.

DRHPANCHOR
₹62 - ₹65191.77x sub
Listed Price₹107.45
Listing Gain+65.31%

IPO Schedule & Timeline

Book Built Issue IPO
Open07 Jul 2023
Close13 Jul 2023
Allotment18 Jul 2023
Listing21 Jul 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB31,48,000 shares
46.29%
Nii (hni)9,46,000 shares
13.91%
Retail22,06,000 shares
32.44%
Market Maker5,00,000 shares
7.35%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,30,000
HNI2 Lots (4,000 shares)
₹2,60,000

Company Promoters

Mr. Chirag Sharma Ms. Shashi Bala

Company Background

Incorporated in 2019, Drone Destination Limited is one of India’s leading Drone-as-a-Service and drone training companies. It is a DGCA-authorized Remote Pilot Training Organisation (RPTO) and was the first drone training partner of NSDC in October 2022. The company operates the largest training network in India in its segment and offers services like Drone-...

Lead Managers & Bankers

Narnolia Financial Services Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2021)₹39.33 Cr
Growth-96.7%
Revenue Trend (₹ in Crores)
0.0463.0925.91.4kMar 2023Mar 2022Mar 2021
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 202139.334.5696.349,794.46
Mar 2022257.1620.73278.30151.09
Mar 20231,207.73244.192,359.33159.17

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values25.8013.90%18.65%64.350

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Maashitla Securities Private Limited

Allotment Finalized
Allotment Date
18 Jul 2023
Official Status
Out / Finalized
Registrar
Maashitla Securities Private Limited
Listing Date
21 Jul 2023

Official Allotment Verification Links

Official Registrar Portal
Maashitla Securities Private Limited

Direct allotment verification on the official registrar portal appointed for Drone Destination. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

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Allotment Schedule & Milestones

IST
1. Allotment Finalization18 Jul 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 Jul 2023Trading commences on exchange

How to Check Drone Destination Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Drone Destination from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Drone Destination IPO

Complete issue overview for Drone Destination (DRONE) IPO. The issue features an equity share price band of ₹62 – ₹65 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,30,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions