Droneacharya Aerial Innovations Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

13 Dec 2022

Close Date

15 Dec 2022

Allotment

20 Dec 2022

Listing Date

23 Dec 2022

Exchange

BSE SME

Price Band

₹54

Listing Price

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Allotment Status

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Price Band

₹54

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

62,90,000 shares (aggregating up to ₹33.97 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹108,000

1 lot

Pre-IPO Holding

1,76,98,600 shares

Promoters

Post-IPO Holding

2,39,88,600 shares

Promoters

P/E (Pre)

45x

UPI Deadline

2022-12-15

Mandate

Anchor AllotmentMon, 12 Dec 2022

Basis of AllotmentTue, 20 Dec 2022

Refund InitiationWed, 21 Dec 2022

Demat CreditThu, 22 Dec 2022

Listing DayFri, 23 Dec 2022

UPI Mandate Deadline2022-12-15

Sale TypeFresh Capital

Net Offer to Public59,74,000 shares (aggregating up to ₹32.26 Cr)

Market Maker Quota3,16,000 shares (aggregating up to ₹1.71 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Droneacharya Aerial Innovations Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 Dec 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	316,000	—	₹1.71
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,290,000	100%	₹33.97

IPO Shares Offered

Droneacharya Aerial Innovations Ltd. IPO total issue size: ₹33.97 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	316,000	₹1.71	5.02%
Total	6,290,000	₹33.97	100.00%

* Based on upper price band ₹54 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹54.00

Upper Band

Min Investment

₹108,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹216,000
Retail (Max — 13 Lots)	13	26,000	₹1,404,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,512,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,344,000

* Issue Price ₹54 × Lot Size 2,000 shares

IPO Schedule

Anchor

12 Dec 2022

✓ Done

IPO Open

13 Dec 2022

✓ Done

IPO Close

15 Dec 2022

✓ Done

Allotment

20 Dec 2022

✓ Done

Refunds

21 Dec 2022

✓ Done

Demat Credit

22 Dec 2022

✓ Done

Listing Day

23 Dec 2022

✓ Done

₹54.00

INR · BSE

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Issue ₹54.00 Live Price

About Droneacharya Aerial Innovations Ltd.

Incorporated in 2017, Droneacharya Aerial Innovations Limited provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, Drone pilot training & specialized GIS training g.The company's offerings can be classified into four broad categories namely,1. Training (DGCA Certified Drone Pilot, Drone Building, Aerial Cinematography & Aerial Making and Drone data processing).2. Services (Consultancy services to Govt. & private organizations, reality capture data processing software, anti-drone solution for rogue UAV and UTM air traffic management solution).3. Surveillance (land surveying and underwater services).4. Others (Partnering up with SPH Engineering from Latvia, Droneacharya is also able to provide integrated drones solutions for Bathymetry, drone hows, Hydrography, industrial and archaeological surveys, along with Environmental Monitoring).Droneacharya Aerial Innovations Limited Drone is a full-fledged innovative solution, based out in the Cultural and IT hub of Pune, Maharashtra, with offices operating in Pune.Droneacharya's recent pre-seed funding round closed at a whopping USD 4.6 Million, which is the highest for any drone startup across the country.

Objects of the Issue

1) Purchase of Drone and other accessories.

2) General Corporate Expenses.

Droneacharya Aerial Innovations Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹358.7

31-Mar-22

₹1.0

31-Mar-21

N/A

31-Mar-20

Profit After Tax (PAT)

₹40.7

31-Mar-22

-₹14.9

31-Mar-21

-₹2.3

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	0.00	1.00	358.74
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	-2.30	-14.89	40.65
Net Worth	0.91	104.08	1447.77
Total Assets	2.51	119.13	1546.52
Reserves & Surplus	N/A	N/A	N/A
Borrowings	0.82	1.27	46.25
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered62,90,000 (100.00%)

Net Offer to Public59,74,000 shares (aggregating up to ₹32.26 Cr)

Reserved for Market Maker3,16,000 shares (aggregating up to ₹1.71 Cr)

Pre-Issue Promoter Holding1,76,98,600 shares

Post-Issue Promoter Holding2,39,88,600 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Corporate Capitalventures Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Droneacharya Aerial Innovations Ltd. IPO subscribed? ▲

Droneacharya Aerial Innovations Ltd. IPO is subscribed 1.00 times by Dec 15, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Droneacharya Aerial Innovations Ltd. IPO retail subscription status? ▼

The Droneacharya Aerial Innovations Ltd. IPO retail category is subscribed 1.00 times as of 15 Dec 2022. The retail portion is oversubscribed.

How to subscribe Droneacharya Aerial Innovations Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 13 Dec 2022 and closes 15 Dec 2022. Min investment: ₹108,000 (1 lot = 2,000 shares). UPI mandate: 2022-12-15.

How many times Droneacharya Aerial Innovations Ltd. IPO subscribed? ▼

The Droneacharya Aerial Innovations Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Droneacharya Aerial Innovations Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 20 Dec 2022. Refunds: on 21 Dec 2022.

When Droneacharya Aerial Innovations Ltd. IPO will be listed? ▼

The Droneacharya Aerial Innovations Ltd. IPO listing date is 23 Dec 2022, Friday. Listed on: BSE SME. Issue price: ₹54. Estimated listing: ₹54. GMP: NIL.

When Droneacharya Aerial Innovations Ltd. IPO close? ▼

The Droneacharya Aerial Innovations Ltd. IPO closes on 15 Dec 2022, Thursday. UPI mandate: 2022-12-15. Allotment: 20 Dec 2022. Listing: 23 Dec 2022.

Quick Actions

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Live Price LIVE

Last Price₹54.00

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Issue Price₹54.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹54

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹108,000

GMPNIL

Est. Listing₹54

Subscribed1.00x

Open Date13 Dec 2022

Close Date15 Dec 2022

Allotment20 Dec 2022

Listing Date23 Dec 2022

ExchangeBSE SME

UPI Deadline2022-12-15