Drone Destination Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,148,000 (46%) | — | ₹2,046 Cr |
| NII (HNI) | — | 946,000 (14%) | — | ₹615 Cr |
| Retail | — | 2,206,000 (32%) | — | ₹1,434 Cr |
| Market Maker | — | 500,000 (7%) | — | ₹33 Cr |
| Σ Total | — | 6,800,000 (100%) | — | ₹44,200 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹130,000 |
| Retail (Max) | 13 | 26,000 | ₹1,690,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,820,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,710,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 1,208 | 257 | 39 |
| Profit After Tax | 244 | 21 | -5 |
| Net Worth | 1,757 | 23 | 2 |
| Total Assets | 2,359 | 278 | 96 |
| Reserves & Surplus | 1,257 | 12 | -9 |
| Total Borrowing | 159 | 151 | 9,794 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet out the expenses for purchase of new drones – 10.47
- To meet out the expenses for purchase of vehicle – 5.50
- To meet out the Capital Expenditure Requirement. – 2.05
- To meet out the Working Capital requirements – 8.50
- To meet out the General Corporate Purposes; – 11.05
Company Overview
Incorporated in 2019, Drone Destination Limited is India's leading Drone as a Service and Training Company. The entity is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering Certified training programs at multiple locations pan-India.
The company became the first Drone Training Partner of the National Skill Development Corporation (NSDC) in Oct 2022. They have the largest Training network in India in their segment. Drone Destination Limited offers a variety of services including:
- 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. They have More than 80 Clients from Private as well as Government Sectors. The company is a Leading SVAMITVA Player engaging in survey and mapping in India and is reputed as the largest in Karnataka and Gujarat.
The drones offered by the company are marketed under the names - Star Guru, Star Edge, Sky Star, Agristar, Agri Mapper, Star Eye, and Laser Star. All these have their distinct features and entail different requirements of the customers.