Droneacharya Aerial Innovations opens for its IPO subscription on December 13 and will close on December 15, 2022.
The minimum IPO Lot size is 2000 shares and minimum amount for 1 lot is ₹108,000 for 1 lot. Droneacharya Aerial Innovations is a BSE SME IPO and it is going to raise ₹33.97 crores via IPO.
The minimum price band is fixed at Rs. 52 per share and the maximum price band is Rs. 54 per.
Droneacharya Aerial Innovations Limited has created ecosystem drone solutions to various industries with end-to-end customized solutions.
Services provided by Droneacharya Aerial Innovations are:
Training
Drone Surveys
Data Processing
Manufacturing of Indigenous and Customized drones.
Droneacharya IPO Details
| IPO Open: | December 13, 2022 |
| IPO Close: | December 15, 2022 |
| IPO Size: | Approx ₹33.97 Crores, 62,90,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹52 to ₹54 Per Equity Share |
| IPO Listing on: | BSE 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: | Droneacharya IPO DRHP |
| RHP Draft Prospectus: | Droneacharya IPO RHP |
Droneacharya Aerial Innovations: Company Background
Droneacharya Aerial Innovations provides DGCA-certified drone pilot training, Drone building, Aerial Cinematography & Aerial Film-making, and Drone data processing training.
Provision of consultation services to Corporates and Public sector organizations for data processing, anti-drone solutions, and more. Also, they provide land surveying and underwater services. The company has offices in Pune. Droneacharya Aerial Innovation’s latest pre-seed funding round closed at a whopping USD 4.6 Million, which is the highest for a drone startup across India.
Product Portfolio
- Droneacharya Aerial Innovations provide Integrated drones solutions for :
- Bathymetry
- Drone Hows
- Hydrography
- Industrial and Archaeological surveys
- Environmental Monitoring
- Droneacharya provides consultancy services to public & private organizations :
- Reality capture data processing software
- Anti-drone solution for rogue UAV
- UTM air traffic management solution
Company Financials
| Droneacharya Aerial Innovations Limited Financial Information (Restated) | |||||
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
| 31-Mar-20 | 2.51 | 0 | -2.3 | 0.91 | 0.82 |
| 31-Mar-21 | 119.13 | 1 | -14.89 | 104.08 | 1.27 |
| 31-Mar-22 | 1546.52 | 358.74 | 40.65 | 1447.77 | 46.25 |
| 30-Jun-22 | 3402.62 | 308.96 | 72.06 | 3357.77 | 1.02 |
Droneacharya Aerial Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| June 2022 | ₹308.96 | ₹211.89 | ₹72.06 |
| 2022 | ₹358.74 | ₹303.18 | ₹40.65 |
| 2021 | ₹1.00 | ₹15.89 | ₹-14.89 |
| 2020 | ₹0 | ₹-2.30 | ₹-2.30 |
Objects of the Issue
Droneacharaya plans to use the Net Fresh Issue Proceeds for the following Objects:
1) Purchase of Drone and other accessories.
2) General Corporate Expenses.
Droneacharya Aerial Innovations IPO Lot Size
The Droneacharya Aerial Innovations IPO lot size is 2000 shares, and a retail-individual investor can apply for up to 1 lots (2000 shares or ₹108,000).
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| S-HNI (Min) | 2 | 4,000 | ₹216,000 |
Droneacharya Aerial Innovations IPO Tentative Timetable
Droneacharya Aerial Innovations IPO will open on Dec 13, 2022, and shall close on Dec 15, 2022. The Droneacharya’s IPO bid date is Dec 13, 2022 10.00 A.M. to Dec 15, 2022 5.00 P.M. The Cut-off time for the confirmation of the UPI Mandate is 5 PM on the issue closing day.
| Event | Tentative Date |
| Opening Date | Dec 13, 2022 |
| Closing Date | Dec 15, 2022 |
| Basis of Allotment | Dec 20, 2022 |
| Initiation of Refunds | Dec 21, 2022 |
| Credit of Shares to Demat | Dec 22, 2022 |
| Listing Date | Dec 23, 2022 |
Droneacharya Aerial Innovations IPO Promoter Holding
| Pre Issue Share Holding | 38.23% |
| Post Issue Share Holding | 28.21% |
How to apply Droneacharya Aerial Innovations IPO?
The user can apply Droneacharya Aerial Innovations IPO via ASBA available in their bank account. Visit the online bank login and apply via bank account by selecting the Droneacharya Aerial Innovations IPO in the Invest section.
There is another option where you can apply Droneacharya Aerial Innovations IPO via IPO forms download through the BSE website. Check out the Droneacharya Aerial Innovations forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
FAQS
When Droneacharya Aerial Innovations IPO will open?
The IPO is to open on December 13, 2022 for NII, and Retail Investors.
What is Droneacharya Aerial Innovations IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply for the Droneacharya Aerial Innovations’s IPO through Zerodha?
Log in to Console on Zerodha Website or in App. Go to Portfolio and Click on IPO. The user can see the IPO Name “Droneacharya Aerial Innovations”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to the UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Droneacharya Aerial Innovations IPO through Upstox?
Log in to Upstox App with login credentials. Select the IPO. The user can see the IPO Name “Droneacharya Aerial Innovations”. Click on Bid Button. Confirm your application. Now go to the UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
How to Apply the Droneacharya Aerial Innovations IPO through Paytm Money?
Log in to Paytm Money App with your login credentials. Select the IPO. The user will see the IPO Name “Droneacharya Aerial Innovations”. Click on Bid Button. Confirm your application. Now go to the UPI App on Net Banking or BHIM App to approve the mandate. Open Demat Account with Paytm Money.