Drone Destination Limited IPO : Company Info.

Drone Destination Limited IPO is set to launch on 7 July, 2023. The company initiated its business operations in the year 2019. The company works in the field of Drone Training and Service. It is a DGCA approved company offering certified programs and training at many locations across India. The company became the first Drone Training Partner of the National Skill Development Corporation. The company has more than 80 Clients From private and government segments. It works closely with mapping and surveillance services and is one of the biggest players in the state of Gujarat and Karnataka under the SVAMITVA programme for the same purposes.

Drone Destination Limited IPO DETAILS

Drone Destination Limited IPO is set to launch on 7 July, 2023. The subscription timeline extends till 11 July, 2023. The size for the IPO is 44.20 Crore Rs. Shares issued through fresh issue mode are worth 44.20 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 62 to 65 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Maashitla Securities Private Limited.

Tabular Description of Drone Destination Limited IPO

IPO OPENING DATE	7 July, 2023
CLOSING DATE FOR IPO	11 July, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	62 to 65 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	44.20 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	44.20 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	19 July, 2023

Drone Destination Limited IPO : IMPORTANT DATES

IPO OPENING DATE	6 July, 2023
CLOSING DATE FOR IPO	11 July, 2023
IPO ALLOTMENT DATE	14 July, 2023
REFUNDS	17 July, 2023
DEMAT A/C CREDITED ON	18 July, 2023
IPO LISTING DATE	19 July, 2023

Drone Destination Limited IPO begins for subscription from 6 July, 2023. The IPO subscription would continue till 11 July, 2023. The allotment status for the shareholders who applied would come on 14 July, 2023. The refunds for the ones who did not get allotment would be initiated on 17 July, 2023. The DEMAT accounts of shareholders would be credited on 18 July, 2023. The listing of the company would be completed on 19 July, 2023.

Drone Destination Limited IPO : Lead Managers

The lead managers are :

• Narnolia Financial Services Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 130000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 260000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	130000 Rs.
Maximum	4000 shares	260000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The company wants to acquire new vehicles and drones and for that purposes the money from the IPO will be utilised.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	96	278	2359
Revenue	39	257	1207
PAT	(-4.5)	20	244

Drone Destination Limited had an asset base of 96 Lakh Rs in 2020 which increased to 278 Lakh Rs in 2021. This became 2359 Lakh Rs in 2022. The revenue of the firm was 39 Lakh Rs in 2020 which increased to 257 Lakh Rs in 2021 and 1207 Lakh Rs in 2022. The profit of the firm was 20 Lakh Rs in 2021 however the company made a loss of 4.5 Lakh Rs in 2020. The profit for the year 2022 was 244 Lakh Rs.

PROS

• It is a DGCA approved company offering certified programs and training at many locations across India.
• The company became the first Drone Training Partner of the National Skill Development Corporation.
• The company has more than 80 Clients From private and government segments.
• It works closely with mapping and surveillance services and is one of the biggest players in the state of Gujarat and Karnataka under the SVAMITVA programme for the same purposes.

CONS

• The business the company has is not yet fully settled in the Indian Segment.

Drone Destination Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Drone Destination Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.