Listed Price₹107.45
Listing Gain+65.31%
Price Band₹62 - ₹65
Lot Size2,000 shares
Min Bid₹1,30,000
Subscription191.77x
Listed Market Snapshot
₹107.45Listed price from market data
+65.31%listing gain
Issue Amount
₹44.2 Cr
Listed Price
₹107.45
Current Price
₹52.9
Registrar
Maashitla Securities Private Limited
Timeline•Book Built Issue IPO
Open07 Jul 2023
Close13 Jul 2023
Allotment18 Jul 2023
Listing21 Jul 2023
Quota Reservation Portions
QIBPortion: 31,48,000 shares
46.29%Nii (hni)Portion: 9,46,000 shares
13.91%RetailPortion: 22,06,000 shares
32.44%Market MakerPortion: 5,00,000 shares
7.35%Minimum Application Bracket Matrix
Retail1 lots / 2,000 shares
₹1,30,000HNI2 lots / 4,000 shares
₹2,60,000About the Company
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.
Company Promoters
Mr. Chirag Sharma Ms. Shashi Bala
Lead Managers
Registrar
Maashitla Securities Private Limited