Droneacharya Aerial Innovations Limited IPO : Key Highlights

Droneacharya Aerial Innovations Limited initiated its business operations in 2017. The company is involved in the high end ecosystem of Drone solutions for multi sensor Drone surveys, Drone Pilot training, Data processing of the drone data using huge configuration workstations and Specialised GIS Training. 

The company’s procedure of work is divided into 4 categories :

The first one is training. In this category the company provides training to candidates through Aerial Cinematography, Data Processing and Aerial Making, Drone Building and provides a DGCA Certified Drone Pilot licence. 

Another category involves Services rendered through consultancy services given to private organisations as well as the government companies.

The third category is surveillance work done for land surveying and underwater services.

The last category involves its other business activities like a partnership with SPH Engineering. It is involved in environment monitoring, industrial and archeological surveys, bathymetry, hydrography etc.

IPO DETAILS

Droneacharya Aerial Innovations Limited IPO is set to launch on 13 Dec., 2022. The subscription timeline extends till 15 Dec., 2022. The size for the IPO is 33.97 Crore Rs.. Shares issued through fresh issues are worth 33.97 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 2000 shares and the price is 52 Rs to 54 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 BigShare Services Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	13 Dec., 2022
CLOSING DATE FOR IPO	15 Dec., 2022
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	52 to 54 Rs.
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	33.97 Crore Rs.
OFFER FOR SALE	No shares Issued
FRESH ISSUE	33.97 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	23 Dec., 2022

IMPORTANT DATES

IPO OPENING DATE	13 Dec., 2022
CLOSING DATE FOR IPO	15 Dec., 2022
IPO ALLOTMENT DATE	20 Dec., 2022
REFUNDS	21 Dec., 2022
DEMAT A/C CREDITED ON	22 Dec., 2022
IPO LISTING DATE	23 Dec., 2022

Droneacharya Aerial Innovations Limited IPO begins for subscription from 13 Dec., 2022. The IPO subscription would continue till 15 Dec., 2022. The allotment status for the shareholders who applied would come on 20 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 21 Dec., 2022. The DEMAT accounts of shareholders would be credited on 22 Dec., 2022. The listing of the company would be accompanied on 23 Dec., 2022.

Lead Managers

The lead managers are :

• Corporate Capital Ventures Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to  108000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 216000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	108000 Rs.
Maximum	4000 shares	216000 Rs.

OBJECTIVES FOR THE IPO

• For General corporate purposes.
• Droneacharya Aerial Innovations Limited will require the IPO money for purchase of Drone and other accessories.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	1546	119	2.51
Revenue	358.74	1	0
PAT	40.65	-14.89	-2.3

Droneacharya Aerial Innovations Limited has an asset base worth 1546 Lakh Rs in 2022. The same was 119 Lakh Rs in 2021 and 2.51 Lakh Rs in 2020. The company has been able to boost up its asset base based on the recent funding received. The company also generated a revenue of 359 Lakh Rs in 2022 which increased from 1 Lakh Rs in 2021 and the same was flat in the year 2020. The profitability of the company has also improved from a loss of 2.3 Lakh Rs in 2020 to a loss of 15 Lakh Rs in 2021 to a profit of 40 Lakh Rs in 2022. Hence the company’s financials have been improving rapidly with time.

PROS

• Droneacharya Aerial Innovations Limited is involved in all possible business segments of Drone technology.
• It recently got funding of 4.6 million dollars which is the highest for any drone startup.

CONS

• The company’s financials are improving but yet have a smaller profit margin than it should be getting in comparison to the revenue generated and assets held.

Droneacharya Aerial Innovations 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.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Dronacharya Aerial Innovations Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. 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.