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Open
7 Jul 2023
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Close
13 Jul 2023
3
Allotment
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Listing
Fri, Jul 21, 2023
Price Band
₹62 to ₹65
Issue Size
68,00,000 shares (agg. up to ₹44 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Jul 21, 2023
Latest GMP
₹39
Est. Gain
60%
✦ AI Insight
GMP Trend
21-07-2023₹39Est. ₹104+60%
20-07-2023₹39Est. ₹104+60%
19-07-2023₹39Est. ₹104+60%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 131.71x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 23.59 | 2.78 | 0.96 |
| Total Income | 12.08 | 2.57 | 0.39 |
| Profit After Tax | 2.44 | 0.21 | -0.05 |
| NET Worth | 17.57 | 0.23 | 0.02 |
| Reserves and Surplus | 12.57 | 0.12 | -0.09 |
| Total Borrowing | 1.59 | 1.51 | 97.94 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Moxsh Overseas Educon Ltd. | SME | ₹10.42 Cr | ₹153 | 50 | ₹127.85 | -16.44% | ₹110.00 (+1.85%) |
| Arihant Academy Ltd. | SME | ₹14.72 Cr | ₹90 | 19.11 | ₹126.10 | +40.11% | ₹470.00 (+4.44%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the expenses for purchase of new drones. | 10.47 |
| 2 | To meet out the expenses for purchase of vehicle | 5.50 |
| 3 | To meet out the Capital Expenditure Requirement. | 2.05 |
| 4 | To meet out the Working Capital requirements | 8.50 |
| 5 | To meet out the General Corporate Purposes; | 11.05 |
About Drone Destination IPO
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.+ Read More
Contact Details
Drone Destination Ltd. AddressC-13, Ground FloorPanchsheel EnclaveDelhi, New Delhi, 110017011-41050607cosec@thedronedestination.comVisit Website