Drone Destination Limited GMP IPO Details
Drone Destination Limited, headquartered in New Delhi, is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering certified training programs for remote pilots throughout India. Their comprehensive services encompass Drone-As-A-Service (DAAS), training, education, recreation, and agriculture services. With a skilled team of aviation and drone experts, the company has forged partnerships with esteemed organizations like IGRUA, IFFCO, IIT Patna, NSDC, Neo-Geo, and Matrix-Geo, enabling them to deliver top-notch training and certification programs.
The company boasts three training bases strategically located in Gurugram, Chandigarh, and Phulpur. Furthermore, their collaboration with Indira Gandhi Rashtriya Uran Akademi (IGRUA) allows them to offer DGCA-certified drone training in multiple cities, including Gurugram, Bangalore, Gwalior, Kangra, Coimbatore, Madurai, and Bhopal.
As the pioneering Drone Training Partner of the National Skill Development Corporation (NSDC), Drone Destination offers joint certification for various drone-related application courses through NSDC’s Skill India Portal. Additionally, they have partnered with banks to provide skill loans, enhancing affordability and accessibility for aspiring drone pilots.
Recently, Drone Destination embarked on drone services for the “Prime Minister Svamitva Yojna” by entering into a memorandum of understanding (MOU) with GIS companies such as MatrixGeo, NeoGeo, and GeoKno. This government initiative aims to establish clear property ownership in rural areas through drone-assisted land parcel mapping. The program involves issuing a “Record of Rights” to village household owners and providing digital property cards or title deeds as legal proof of ownership.
Through their expertise in drones and collaborations with renowned organizations, Drone Destination actively contributes to the growth of India’s drone industry and supports government endeavors in the realm of property ownership and mapping.
Objects of the Issue:
- To meet the expenses for the purchase of new drones.
- To meet the expenses for the purchase of the vehicle.
- To meet the Capital Expenditure Requirement.
- To meet the Working Capital requirements.
- To meet the General Corporate Purposes.
- To meet out the Issue Expenses.
Drone Destination Limited
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Drone Destination IPO Date & Price Band Details
| IPO Open: | July 7, 2023 |
| IPO Close: | July 13, 2023 |
| IPO Size: | Approx ₹44.20 Crores, 6,800,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹62 to ₹65 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Drone Destination IPO Market Lot
The minimum market lot for the Drone Destination IPO is 2000 shares, requiring a ₹130,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹130,000 |
| Retail Maximum | 1 | 2000 | ₹130,000 |
| S-HNI Minimum | 2 | 4000 | ₹260,000 |
Drone Destination IPO Dates
The Drone Destination IPO is scheduled to open on July 7 and close on July 11. The allotment of shares for the IPO is expected to take place on July 17, and the listing on the stock exchange may occur on July 19.
| IPO Open Date: | July 7, 2023 |
| IPO Close Date: | July 11, 2023 |
| Basis of Allotment: | July 14, 2023 |
| Refunds: | July 17, 2023 |
| Credit to Demat Account: | July 18, 2023 |
| IPO Listing Date: | July 19, 2023 |
Drone Destination Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹- | ₹- | ₹- |
| 2021 | ₹39.35 | ₹45.49 | ₹4.55 |
| 2022 | ₹257.16 | ₹229.40 | ₹20.73 |
| 2023 6M | ₹1207.73 | ₹877.90 | ₹244.19 |
Drone Destination IPO Valuation – FY2022
Check Drone Destination IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹25.80 per Equity Share |
| Price/Earning P/E Ratio: | 69.27 |
| Return on Net Worth (RoNW): | 13.90% |
| Net Asset Value (NAV): | ₹35.15 per Equity Share |
Peer Group
- Droneacharya Aerial Innovations Limited
Company Promoters
- Mr. Chirag Sharma
- Ms. Shashi Bala
Drone Destination IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://www.maashitla.com/
Drone Destination IPO Allotment Status
Check Drone Destination IPO allotment status on Maashitla Securities website URL. Click Here
Drone Destination IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd
Company Address
Drone Destination Limited
C-13, Ground Floor,
Panchsheel Enclave,
Delhi – 110017
Phone: 011-41050607
Email: cosec@thedronedestination.com
Website: http://www.thedronedestination.com/
Drone Destination IPO FAQs
What is the Drone Destination IPO?
The Drone Destination IPO is an NSE SME IPO. The company aims to raise ₹44.20 Crores through the IPO. The issue is priced at ₹62 to ₹65 per equity share. The IPO is set to be listed on NSE.
When will the Drone Destination IPO open?
The IPO will open on July 7, 2023, for QIB, NII, and Retail Investors.
What is the investors’ portion for the Drone Destination IPO?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How can I apply for the Drone Destination IPO?
You can apply for the Drone Destination IPO online via ASBA using your bank account. Alternatively, you can apply through UPI via your stock brokers. Offline applications can also be submitted through your stock brokers by filling up the offline form.
How can I apply for the Drone Destination IPO through Zerodha?
To apply through Zerodha, log in to the Zerodha website or application, go to the Portfolio section, and click on IPO. Select the IPO name “Drone Destination” and click on the Bid button. Enter your UPI ID, quantity, and price, and submit the IPO application form. Approve the mandate through your UPI app on Net Banking or BHIM app. You will need to open a Demat account with Zerodha.
How can I apply for the Drone Destination IPO through Upstox?
To apply through Upstox, log in to the Upstox application using your credentials. Select the IPO and click on the Bid button for the IPO named “Drone Destination.” Confirm your application and approve the mandate through your UPI app on Net Banking or BHIM app. You will need to open a Demat account with Upstox.
How can I apply for the Drone Destination IPO through Paytm Money?
To apply through Paytm Money, log in to the Paytm Money application using your credentials. Select the IPO and click on the Bid button for the IPO named “Drone Destination.” Confirm your application and approve the mandate through your UPI app on Net Banking or BHIM app. You will need to open a Demat account with Paytm Money.
What is the size of the Drone Destination IPO?
The size of the Drone Destination IPO is ₹44.20 crores.
What is the price band for the Drone Destination IPO?
The price band for the Drone Destination IPO is ₹62 to ₹65 per equity share.
What is the minimum and maximum lot size for the Drone Destination IPO?
The minimum lot size for the IPO is 2000 shares with an application amount of ₹130,000.
What is the allotment date for the Drone Destination IPO?
The allotment date for the Drone Destination IPO is July 18, 2023.
What is the listing date for the Drone Destination IPO?
The listing date for the Drone Destination IPO is July 21, 2023. The IPO will be listed on NSE SME.
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