Drone Destination IPO Details


Drone Destination, together with its sister company, Hubblefly Technologies, a DGCA-approved manufacturer, is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and rent a drone. The Company is headquartered at New Delhi and is backed by a well-experienced team of Aviation & Drone Experts with a total experience of over 350 years. Drone Destination’s flagship manufacturing and training headquarters is at a 07-acre sprawling complex in Manesar, Gurugram. Indian Drone Force The company operates the largest network of DGCA-certified Drone Pilot Training Programs along with its training partners, and has recently crossed a key landmark by becoming the first flying organisation in the country to train 1,000 drone pilots. This feat has been achieved by Drone Destination along with its partners Indira Gandhi Rashtriya Uran Akademi, largest FTO in the country under the aegis of Ministry of Civil Aviation, and Sanskardham..



    Drone Destination IPO Date, Price & Offer Details

    Drone Destination IPO will be open on 07-07-2023 and will close on 13-07-2023. The following table provides all the information related to Drone Destination IPO including the date, price and offer details of Drone Destination IPO

    Drone Destination IPO Date, Price & Offer Details
    Issue Open 07-07-2023
    Issue Close 13-07-2023
    Allotment Date 18-07-2023
    Unblocked Amount 19-07-2023
    Credit Demat Amount 20-07-2023
    Listing Date 21-07-2023
    Issue Size
    68,00,000 Total Equity Share
    Issue Size ₹ 44.20 Cr
    IPO Price Band ₹ 62 - ₹ 65 Per Equity Share
    Minimum Share Bid 2000
    Minimum Investment Amount [₹]  ₹ 1,30,000
    Face Value ₹ 10 Per Equity Share
    Qualified Institutional Buyer [QIB] 18.52 %
    High Networth Individual [HNI] 13.90 %
    Retail Individual Investor [RII] 32.43 %
    Listing On NSE SME

    Drone Destination IPO Grey Market Premium (GMP)

    In this article we are providing all the information about Grey Market Premium, Kostak Rate, Subject to Suada, Listing Gain of Drone Destination IPO and we are also giving rating of this IPOs. This information can be very useful to every retail investor who are invest in IPO Market.

    Drone Destination IPO Grey Market Premium (GMP)
    IPO Name Offer Price Premium Kostak Subject to Sauda Listing Gain Rating
    Drone Destination IPO Details ₹62 - ₹65 55 - ₹45000 ₹ 55000+ Apply

    Drone Destination Company Financial Report (₹ in Cr)

    As per we are checking Drone Destination company financials report and we are displaying report data as shown in below table.

    Drone Destination Company Financial Details (₹ in Cr)
    Financial Year Total Asset Total Revenue Total Expenses Profit After Tax
    FY-2020 - - - -
    FY-2021 0.96 0.39 0.45 -0.045
    FY-2022 2.78 2.57 2.29 0.20
    FY-2023 23.59 12.07 8.77 2.44
    Read More :- Drone Destination IPO GMP

    Drone Destination Company Valuation Details

    As per we check Drone Destination company financials report and we display company valuation report data as shown in below table

    Drone Destination Company Valuation Details
    Earnings Per Share [EPS] ₹ 25.80
    Price/Earnings [P/E] Ratio -
    Return on Net Worth [RoNW] 13.90 %
    Net Asset Value [NAV] ₹ 35.15 Per Share

    Drone Destination IPO Rating

    As per Drone Destination company financials report, Drone Destination company RoNW is 13.90 % and NAV is around 35.15 as per FY21 earning. As per we check Drone Destination company financials report then after LiveIPO team are recommended for "Apply" rating for Drone Destination.

    Drone Destination IPO Rating
    LiveIPO Apply
    Hem Security -
    Read More :- Drone Destination IPO Allotment Status

    Drone Destination IPO Share Lot Size

    The share price of Drone Destination IPO is ₹62 - ₹65. So in Drone Destination IPO Minimum share lot is 1 lot with a 2000 share with an application amount of ₹1,30,000. And in retail category you can apply for a Maximum share lot is 1 lot with a 2000 share with an application amount of ₹1,30,000.

    Drone Destination IPO Share Lot Size
    Apllication Lot Size Shares Total Amount
    Retail Min 1 2000 1,30,000 Cr
    Retail Max 1 2000 1,30,000 Cr
    Small HNI 2 4000 2,60,000 Cr
    Read More :- Investment Call

    Drone Destination IPO Share Offer

    A total number of 68,00,000 shares have been offered in this public issue of Drone Destination IPO, out of this total share 68,00,000 shares have been allotted for Fresh Issue and another 0 shares are to be offered for (OFS) offer for sale.

    Drone Destination IPO Share Offer
    Category Share Offer Amount
    Fresh Issue: 68,00,000 44.20 Cr
    Offer For Sale: - -
    Total: 68,00,000 44.20 Cr
    Read More :- Upcoming IPO List

    Drone Destination IPO Related Link
    Drone Destination IPO GMP
    Drone Destination IPO Subscription
    Drone Destination IPO Allotment Status

    Drone Destination IPO Subscription Details

    Drone Destination Company has been issued total 68,00,000 shares through this IPO, a total - shares have been reserved for market movers for subscriptions as per the prospect report, and a total of - shares have been offered in QIB category and a total of - shares have been offered in RII.

    Drone Destination IPO Subscription Details
    As on Date QIB NII RII Total
    Shared Offered 12,62,000 9,45,000 22,05,000 44,12,000
    Day-1
    [07-07-2023]
    69,86,000
    [5.53]
    39,12,000
    [4.13]
    2,87,20,000
    [2.87]
    3,96,18,000
    [8.9]
    Day-2
    [10-07-2023]
    70,80,000
    [5.61]
    1,79,94,000
    [19.04]
    11,46,56,000
    [11.46]
    13,97,30,000
    [31.67]
    Day-3
    [11-07-2023]
    78,96,000
    [6.25]
    3,56,84,000
    [37.76]
    22,46,20,000
    [101.86]
    26,82,00,000
    [60.78]
    Day-4
    [12-07-2023]
    1,23,32,000
    [9.77]
    6,54,52,000
    [69.26]
    35,37,12,000
    [160.41]
    43,14,96,000
    [97.80]
    Day-3
    [13-07-2023]
    6,36,78,000
    [50.45]
    23,09,38,000
    [244.37]
    55,14,56,000
    [250.09]
    84,60,72,000
    [191.76]

    Drone Destination IPO Listing Details

    Drone Destination IPO has been listed on 21-07-2023. On the below table we are providing all the listing details with target price and stop loss.

    Drone Destination IPO Listing Details
    Listing Date 21-07-2023
    BSE Code -
    NSE Code -
    ISIN Code -
    IPO Price ₹ 62 - ₹ 65
    Lot Size 2000
    Expected Listing Price ₹ - ₹ -
    Book Profit ₹ -
    Stop Loss ₹ -
    Listing Group -
    - -

    Drone Destination IPO GMP, Grey Market Premium

    In the below table we are providing the latest rate of Drone Destination IPO GMP, Kostak Rate, Subject to Sauda, Listing Gain and Rating of this Drone Destination IPO.

    Drone Destination IPO Grey Market Premium
    Drone Destination IPO Grey Market Premium

    Drone Destination IPO Allotment Status

    Drone Destination IPO Allotment will be available on below link so click on below link and check your Drone Destination IPO Allotment Status.

    Drone Destination IPO Allotment Status
    Drone Destination IPO Allotment Status
      Drone Destination IPO Live Subscription
    Drone Destination IPO Subscription in NSE
    Drone Destination IPO Prospectus
    Drone Destination IPO DRHP
    Drone Destination IPO RHP

    Drone Destination Company Contact Details

    Drone Destination Limited
    C-13, Ground Floor, Panchsheel Enclave,
    Delhi-110017, India
    Tel: +9141050607;
    Fax: N.A.,
    Website: www.thedronedestination.com
    E-mail: cosec@thedronedestination.com
    Company Secretary and Compliance Officer: Ms. Ayushi Gupta

    Drone Destination IPO Registrar

    MAASHITLA SECURITIES PRIVATE LIMITED
    Address: 451, Krishna Apra Business Square,
    Netaji Subhash Place, Pitampura,
    Delhi - 110034, India
    Telephone: 011-45121795
    Email: ipo@maashitla.com
    Website: www.maashitla.com
    Contact Person: Mr. Mukul Agrawal
    SEBI Registration Number: INR000004370

    Drone Destination IPO Lead Managers

    NARNOLIA FINANCIAL SERVICES LIMITED
    Address: 201, 2nd Floor, Marble Arch,
    236 B A.J.C Bose Road, Kolkata, West
    Bengal- 700020, India n
    Telephone: +91-8130678743;
    Email: pankaj.passi@narnolia.com
    Website: www.narnolia.com
    Contact Person: Mr. Pankaj Pasi
    SEBI Registration Number: INM000010791.

    Drone Destination IPO FAQs

    What is the Drone Destination IPO?
    Drone Destination IPO is the Main Board IPO of 68,00,000 equity shares of the face value of ₹10 aggregating up to ₹44.20 Crores. The issue is priced at ₹62 to ₹65 per equity share. The minimum order quantity is 2000 Shares.

    Who is the registrar company of Drone Destination IPO?
    Maashitla Securities Private Limited is the registrar company of Drone Destination IPO.

    When is the Drone Destination IPO Opening date?
    The Drone Destination IPO Opening on 07-07-2023

    When is the Drone Destination IPO Closing date?
    The Drone Destination IPO Closing on 13-07-2023

    When is the Drone Destination IPO allotment date?
    The Drone Destination IPO Allotment will be done on 18-07-2023

    Drone Destination IPO Allotment Status

    On what date will the Drone Destination IPO amount be refunded?
    Drone Destination IPO will refund the amount on 19-07-2023

    On which date Drone Destination IPO Shares will be credited to the demat account?
    The Drone Destination IPO Shares will be credited to your demat account on 20-07-2023.

    When is the Drone Destination IPO listing date?
    The Drone Destination IPO listing date is on 21-07-2023.

    What is the Drone Destination IPO Price Band?
    Drone Destination IPO Price Band is ₹62 to ₹65  per equity share.

    What is the lot size of the Drone Destination IPO?
    Drone Destination IPO the minimum bid is 2000 Shares with ₹1,30,000 amount and maximum bid is 2000 shares with ₹1,30,000.

    What is the expected Drone Destination IPO Listing Price?
    As Per Grey Market Premium (GMP) and Market view we are expected to listing Drone Destination IPO is around ₹ - to ₹ -

    What is the Drone Destination IPO Expected Returns?
    As per Grey Market Premium (GMP), Drone Destination IPO Expected Returns is -% .

    What is the NSE and BSE Code for the Drone Destination IPO?
    The Drone Destination IPO NSE Code is - and the BSE Code is -.

    What is the stop loss in the Drone Destination IPO?
    If the Drone Destination IPO goes below - then sell the Drone Destination IPO.

    What will i do in Drone Destination IPO?
    If the Drone Destination IPO listing above - then sell the Drone Destination IPO and book profit.

    How to check Drone Destination IPO Allotment Status?
    Below we are provide all the step how to check Drone Destination IPO allotment online

    • Go to the Drone Destination IPO Allotment Status Link
    • Click on Click Here button
    • Select Drone Destination IPO
    • Enter your details (PAN Number, Application Number, DP Client ID)
    • Click Search Button
    • After Click on Search button you will be able to see allotment status
    • How to Apply the Drone Destination IPO?
    • You can apply for the Drone Destination IPO using ASBA online through your internet banking.
    • You can also apply for the Drone Destination IPO via your stock brokers’ office by filling up the offline application form and submitting  it to your Bank.

    Disclaimer:-

    • I request all investors, before applying for any IPO, please check the fundamentals and financial condition of the company and then applying to any IPO.
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    • We are not buying or selling any IPO forms regarding IPO Grey Market premium. We are only provide only recommendation of any IPO.
    • Please do not subscribe to any IPO by just seeing the Grey Market Premium Price. It can change at any time.

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