What is the issue size of Drone Destination IPO?

The issue size of the Drone Destination IPO is Rs 44.20 cr

What is 'pre-apply' for Drone Destination IPO?

Pre-apply will alow you to apply for the Drone Destination IPO 2 days before the subscription period starts.

If I pre-apply for Drone Destination IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Drone Destination IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Drone Destination IPO order is placed?

We will notify you when your Drone Destination IPO order is placed with the exchange.

What are the open and close dates of the for Drone Destination IPO?

Drone Destination IPO will be open between 7 July - 11 July, 2023.

What is the lot size and minimum order quantity of the Drone Destination IPO?

The Drone Destination Limited IPO lot size is 2000 shares.

What are the allotment dates for the Drone Destination IPO?

Drone Destination IPO allotment date is 14 July, 2023. For Drone Destination IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Drone Destination IPO?

Drone Destination IPO registrar is Maashitla Securities Private Limited. You can check Drone Destination IPO allotment status on the website of the registrar.

Where is the Drone Destination IPO getting listed?

The shares are proposed to be listed on NSE SME.

Drone Destination IPO

Drone Destination Limited

₹1,24,000 /2000 sharesMinimum Investment

Drone Destination IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
--₹65.00₹102.00₹37.00 (56.92%)
Drone Destination IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
7 Jul ‘23 - 13 Jul ‘23₹1,24,0002,000₹62 - ₹65
Issue SizeIPO Doc
44.20CrRHP PDF
About Drone DestinationEstablished in 2019, Drone Destination is a DGCA-authorised Remote Pilot Training Organisation (RPTO) offering certified training programs. After completion of the course, the RPTO generates a Remote Pilot Certificate (RPC) from DGCA’s Digital Sky Platform.
The company currently has 3 training bases at Gurugram, Chandigarh and Phulpur. It has also entered into an agreement with Indira Gandhi Rashtriya Uran Akademi (IGRUA) for providing DGCA-certified Drone Training and is currently present in Gurugram, Bangalore, Gwalior, Kangra, Coimbatore, Madurai and Bhopal.
It also offers joint certification on various drone-related application courses through NSDC’s Skill India Portal. Recently, the company started drone services for “Prime Minister Svamitva Yojna” in a MOU-led understanding with GIS companies viz. MatrixGeo, NeoGeo and GeoKno. This programme is Government of India’s initiative towards establishment of clear ownership of property in rural inhabited (Abadi) areas, by mapping of land parcels using drone technology and providing ‘Record of Rights’ to village household owners with issuance of legal ownership cards (Digital Property cards/Title deeds) to the property owners.
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Parent Organisation
Drone Destination Limited
Founded
2019
Managing Director
Mr. Chirag Sharma
Strengths & Risks
As per the Drone (Amendment Rules), 2022, a Remote Pilot Certificate by a DGCA authorised Remote Pilot Training Organisation (RPTO), is required for all pilots to legally fly drones in the country. 
The company has entered into several agreements with large Government entities and private players to develop an integrated drone training, education and service ecosystem. 
Drone Destination and NSDC have joined hands to open 10 drone hubs in India that will offer hands-on drone skilling and training programs.
Signed agreements with geospatial & engineering consultancy companies to support them for various GIS projects.
Agreement with IFFCO to train and develop drone entrepreneurs in all states on the usage of Agricultural Drones.
Fleet of drones and its parts, base stations, and service delivery vehicles along with certified drone pilots.
The company’s training business is highly regulated and subject to change.
Drone industry is currently at a nascent stage. If the industry does not experience significant growth, then the company will not be able to achieve its expected level of growth. 
Highly dependent on drone manufacturing companies for meeting its drone demands.
Company’s drones are not operational during the monsoon season due to the increased risk of damage to its equipment and potential safety hazards. Extended monsoons can directly impact its revenue.
Outstanding legal proceedings involving the company as well as its promoter and directors.
Faced losses in 1 out of 3 previous financial years. 
Negative cash flows from its operating and investing activities in the current and past years.
Any change/variation in government schemes will have an adverse impact on its revenue. 
Promoter and member of promoter group jointly will continue to have majority control over the company after the IPO. This may allow them to determine the outcome of matters submitted to shareholders for approval. 
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹62 - 65₹2 Lakh
High Networth Individual₹62 - 65₹2 - 5 Lakh
For Drone Destination IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
--	₹65.00	₹102.00	₹37.00 (56.92%)

Bidding Dates	Min. Investment	Lot Size	Price Range
7 Jul ‘23 - 13 Jul ‘23	₹1,24,000	2,000	₹62 - ₹65

Issue Size	IPO Doc
44.20Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹62 - 65	₹2 Lakh
High Networth Individual	₹62 - 65	₹2 - 5 Lakh

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